Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.
The team of Arcane Research has come up with some predictions and possible scenarios for the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. market an area or arena, online or offline, in which commercial dealings are conducted. in 2022.
It’s been an exciting year for the digital currencies space. Traders navigated a tidal wave of memecoins in the midst of an uptrend that primarily favored the altcoins . Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. China’s censorship censorship is the act of altering, suppressing, or prohibiting speech or writing that is considered detrimental to the general public. and strengthened its coverage, as it Ethereum a decentralized open-source blockchain with smart contracts functionality. also showed solid growth.
But now, with two days to go before the end of the year, many are wondering what to expect in 2022. The team of Arcane Research has come up with some predictions and possible scenarios for the digital currency market.
In his latestinforme semanalanalysts presented a comprehensive analysis of the 2021 period, reviewing some of the narratives that defined the year. In broad terms, Arcane Research summarized the year in four headlines. According to each four-month period, the trend was concentrated in: corporations adding Bitcoin to their balance sheets; mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. of Bitcoin and China’s ban; one country adopts the Bitcoin and finally, ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. and metaverse.
Un vistazo a 2021: Bitcoin, Ether y BNB
In his report, Arcane Research crowned the winning cryptocurrencies and described the year as a “ mountain of emotions ” for investors in the market. Despite going through a very volatile 2021, the largest cryptocurrency saw a price increase of around 95% and saw it outperform both the stock market and gold. It was, however, a year dominated by the altcoins .
“ While bitcoin showed its strength in 2021, we’ve seen a steady flow of capital capital is most commonly defined as the large sum of money you would use to invest. seeping into altcoins “, he wrote Arcane in his report, and continued:
During the first five months of the year, bitcoin steadily lost its dominance a measure of Bitcoin's value in the context of the larger cryptocurrency market. as traders turned to altcoins […]These months saw a mix of “stupid” bombs in memecoins and Ethereum’s DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. strength. Currently, we see the strongest narrative and momentum among “ETH killers”, and tokens related to GameFi gameFi, better known as play-to-earn (P2E) games, is a rather new term in the field of both gaming and cryptocurrency industries. It references games that are designed with economic and financial aspects of blockchain and cryptocurrencies, enabling players to exert full control over their in-game assets to generate revenue. and metaverse.
Regarding Ethereum The team highlighted the breakout the price of an asset moving below the support area or above its resistance level. of the multi-year range in the ETH-BTC pair trade between one cryptocurrency and another, for example, the trading pair BTC/ETH. as one of the year’s predominant trends. “ Ether the form of payment used in the operation of the distribution application platform, Ethereum. has stood out so far this year, up nearly 500% against Bitcoin’s rise[…] This performance gap is the widest seen since 2015, when Ethereum launched “, they assured.
However, the star cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. of 2021 was Binance Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (BNB) said the report . The native token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. of the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Binance outperformed the three largest cryptocurrencies by market capitalization in terms of gain, and was positioned as a gainer with an increase of 1,344% . This increase coincided with the growth of the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance ecosystem. (DeFi) de Binance Smart Chain (BSC) that captured part of the market of Ethereum this year, he added Arcane Research .
2022: XRP and ADA to lose their places in the top 10
Among the predictions for 2022, the research suggests that global economies will continue to see a rise in inflation a general increase in prices and fall in the purchasing value of money. rates, a phenomenon that could continue to favor the narrative of Bitcoin as a store of value, as was observed this year.
In general, the Arcane Research did not predict many changes for the flagship cryptocurrency. As seen this year, they said that in 2022 Bitcoin will once again surpass the S&P 500, one of the most important stock indices in the United States. For the second largest cryptocurrency, the report forecasts that ETH will continue to outperform BTC, although it will not overtake it in market capitalization.
Arcane also highlighted that the layer 1 projects called “ Ether killers “, as Solana , Avalanche y Terra will continue to gain ground in 2022, a trend that gained momentum this year. In the meantime, memecoins are “ will fade into the darkness “, the analysts predicted, and they will become a “ historical relic of the absurd times that were 2021 “.
Undoubtedly, among the boldest predictions of Arcane was the one related to some of the most important altcoins . According to the research, 2022 could see Ripple (XRP) y Cardano (ADA) fall out of the Top 10 rankings by market capitalization.
Once the third largest cryptocurrency by market value, XRP, has fallen from the leadership position, in part due to the running battle XRP is currently priced at USD $0.8.
Meanwhile, ADA, which saw a staggering 429% rise at the start of the year, has pulled back in the last quarter. The surge put it among the top five cryptocurrencies when it hit an all-time high of $2.9 in September. But it has since fallen more than 50% to trade at $1.3.
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Article by Hannah Estefania Perez / DiarioBitcoin
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