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What’s To Look For In Crypto and Blockchain Space In 2022?

  • 6 mths ago
Last year was pivotal for the growth of crypto-assets and Bitcoin in particular, with the famed digital currency reaching a peak price of $65,000 in October 2021. However, 2022 has shaped cryptocurrency in new dimensions, with more government regulations provoking mass and institutional adoptions. Earlier at bay with crypto adoption, many countries have become a significant driver of this new wave of investment.

Despite the bear market, the industry continues to grow, and many new projects are coming online. Even in 2022, most of the growth will continue to be organic, with cryptocurrencies, Initial Coin Offerings (ICOs), and blockchain-based startups continuing to fuel the digital revolution. 

The footprints of blockchain technology penetrate every sector. Everything has an element of blockchain embedded in it—from healthcare to the economy and businesses to ownership. Hence, the crypto industry is evolving, and even in 2022, it will continue to grow into a comprehensive and decentralized ecosystem encompassing both governance and economy.

The Continuous Defi Evolution

The DeFi space continued to grow in 2021 with the big players stepping up their game by refining their technology and scaling solutions to improve efficiency. DeFi 2.0 narrative emerged in the second half of the year, fueled by the growing presence of the latest influx of services such as the Olympus DAO, Rari, and Tokemak. This trend continues in 2022 with technological improvements allowing developers to create new products and better liquidity models. 

Continue reading: https://techbullion.com/whats-to-look-for-in-crypto-and-blockchain-space-in-2022/

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