Arcane Research, the blockchain data research company, has taken a look at the year reported in its final 2021 report and offered its predictions for the cryptocurrency markets heading into 2022.
Arcane Tuesday’s report “The Weekly Update” focuses on () and Ether (ETH), but delves into other major currencies, decentralized finance (DeFi), memecoins, non-fungible tokens (NFTs), derivatives and others. Arcane offered a prediction of what will happen in 2022 with each topic covered in the report.
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“Bitcoin will outperform the S&P 500 in 2022” The report noted that through 2021, Bitcoin has outperformed the S&P 500 index. Bitcoin is up 73%, while the S&P 500 is up 28% this year, and Arcane estimates that Bitcoin will continue with this performance next year. The S&P 500 benchmark index encompasses the 500 largest companies listed on US exchanges.
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