The markets may be off to a volatile start to the year, but 2022 will continue the pace of cryptocurrency adoption set in 2021. Looking ahead, cryptocurrencies are seeing some exciting developments in redefining ownership and transfer of assets. worth. With these developments, specific sectors are capturing the attention of investors, with certain cryptocurrencies taking center stage.
Comparing the rise of the Internet with the adoption of cryptocurrencies
The adoption of cryptocurrency in everyday life is not something scary or even unusual. Just look back at similar innovations in human history and you'll see a repeating pattern. In fact, the adoption of crypto can be compared to one of the most revolutionary innovations: the Internet.
Cryptocurrency users are growing at a current rate of over 100% per year, which is well above the adoption rate the Internet experienced in the 1990s and early 2000s. Adoption slows to 80 %, the cryptocurrency will still reach one billion users by 2024. It means that 1 in 8 people on this planet will interact with or use crypto in some way.
With that in mind, this pattern is expected to continue steadily through 2022.
Why the market has a volatile reputation
Humans by nature like to get caught up in the hype of a narrative. We see it in politics, personal opinions and society. The markets are no different. In fact, it happens more with a narrative, like crypto, that changes on a daily basis.
To get a more accurate representation of volatility, crypto investors should take a longer-term view. Instead of looking at daily rocker stories, zooming out and looking at the big picture provides a much more insightful representation of the market.
Bears against bulls: who will win?
Crypto adoption was everywhere in 2021. With institutional interest, the rise of the NFT market, and new retail investors entering the scene, we saw waves of new support in the crypto space. As much as we'd like to, the numbers just can't go up forever and there will always be setbacks in a healthy market. But as cryptocurrency adoption increases, these cycles will expand beyond the current 4-year cycle to a more macroeconomic (10-year) cycle and with that, cryptocurrency market volatility will become less of an issue.
Cryptocurrency beyond payment; blockchain expansion in 2022
Cryptocurrencies are more than just a means of payment, like PayPal or Visa, they present trustless, decentralized and immutable value transfer systems.
Let's break this down and consider the implications:
without confidence – do not rely on a third party to guarantee the functionality of the protocol;
decentralized – have no central point of failure. That is, do not store data on a single computer that could crash and bring down the system;
Immutable – non-modifiable, no one can modify the data.
Value doesn't just mean money. Value can be anything from a house to works of art to owning rights to something. Cryptocurrencies (along with new concepts like NFTs) bring a different kind of value to the world. Blockchain systems allow this value to be transferred, stored and recorded in an auditable ledger.
Blockchain technology and the value of true property
Outside of money, blockchain technology can revolutionize systems and improve efficiency across industries. From Internet solutions to games, from digital documents to art; Blockchains provide the ability to create, register and store assets in a decentralized way, where the power is the point to point and not the intermediaries.
What does it mean:
People are in control of their cryptocurrencies and have full ownership of their blockchain-based assets. They do not need to depend on banks, lawyers or any other centralized entity to be part of that property.
Furthermore, areas such as insurance, lending and lending, cloud storage, internet access, advertising, governance, and healthcare use blockchain technology to enhance their offering and make it accessible to the world. These systems will continually expand as the technology becomes more widely used. We will start to see more and more opportunities emerge from functional blockchain technology beyond financial capability.
The big cryptocurrencies to watch in 2022
“When looking at the future of the market, it can be difficult to identify the exact cryptocurrencies that will take off and experience phenomenal growth. We can speculate based on historical transactions and trends, but ultimately, I think investors should focus more on sectors first. Instead of individual cryptocurrencies, you need to consider whether the problem these sectors are solving creates value," says Brett Hope Robertson, chief investment officer at cryptocurrency company Revix.
In this way, it is easier to see which areas are most valuable in solving a problem and help make a market more efficient. It puts functional use before instant investments and allows the market to grow around projects based on use cases. Based on this, the focus sectors this year are on:
1. Decentralized finance (DeFi) and platforms and projects in this space
2. Game Tokens/Metaverse
3.Internet 3.0
4. The battle of smart contracts
The battle of smart contracts is getting more and more interesting and worth watching. Ethereum has grown over 75% in the last year and is working to improve its protocol. As the mechanism is upgraded, the network will see increased transaction speeds and reduced fees. The long-awaited improvements will most likely lead to a new wave of increased attention towards Ethereum. Meanwhile, other smart contract protocols such as Solana, which saw a massive +2,311% YoY increase, underscore how valuable these blockchains can be from both a functional and investment opportunity standpoint. .
Trying to choose which cryptocurrency to invest in, be it a smart contract or a payment protocol, can be difficult. Fortunately, it is possible to invest in a diverse selection of high-yielding cryptocurrencies without having to predict which might be the best.
Revix Cryptocurrency Packages, such as the Top 10 Package, Smart Contract Package, and Payment Package, provide a way to invest in the top cryptocurrencies in a basket format that is weighted and adjusted monthly based on more efficient cryptocurrencies. It's a way to diversify your portfolio and take advantage of passive investing without having to worry about active trading, volatility and market surveillance.
As we can see, Revix Bundles has outperformed its industry peers while producing a less volatile investment vehicle.
● The smart contract suite outperformed Ethereum, the top smart contract player, by more than 55%.
● The Top 10 package outperformed the largest cryptocurrency, Bitcoin, by more than 50%.
● The payment bundle outperformed one of the largest payment tokens, Litecoin, by more than 10%.
This shows the true power of various packages.
What are these packages made of?
Revix offers its clients access to 3 ready-to-use crypto packages containing the most reputable cryptocurrencies in each sector. These packages are automatically rebalanced each month to ensure that your package is up to date with the rapidly changing world of cryptocurrencies.
el Top 10 packages it is like the JSE Top40 or the S&P 500 for crypto. It offers equal weighted exposure to the top 10 cryptocurrencies that account for over 75% of the cryptocurrency market. This package has significantly outperformed Bitcoin in the last 12 months.
el Smart contract set It offers equal weighted exposure to the top five smart contract-focused cryptocurrencies such as Ethereum, Solana, and Polkadot. These cryptocurrencies allow developers to build apps on top of their blockchains, similar to how Apple builds apps on top of its iOS operating system.
el payment package offers equal weighted exposure to the top five payments-focused cryptocurrencies looking to make payments cheaper, faster and more global. These cryptocurrencies include Bitcoin, Ripple, Stellar, and Litecoin.
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About Revix
Revix brings simplicity, trust, and excellent customer service to investment. Its easy-to-use online platform allows anyone to securely hold the world's best investments with just a few clicks.
Revix guides new clients through the registration process to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.
For more information please visit www.revix.es
This article is intended for informational purposes only. Opinions expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor is it a solicitation of an offer, to buy or sell any of the assets or securities mentioned in this document. You should not invest more than you can afford to lose and, before investing, consider your level of experience, your investment objectives, and seek independent financial advice if necessary.
Presented by Revix.