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Arcane Research analysts judge 1 of the strongest crypto narratives implicit the adjacent 12 months volition beryllium the show of the alleged “ETH killers.”
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They besides foretell Bitcoin volition outperform the S&P 500
Crypto probe level Arcane Research says that 2022 volition spot layer-1 platforms proceed to outperform Ethereum, based connected investigation of the crypto marketplace and different developments wrong the crypto abstraction successful 2021.
Other than its predictions for layer-1s against Ethereum, the last study of 2021 from the institution touched connected Bitcoin vs. the S&P 500, DeFi, the NFTs market, the outlook for Cardano and XRP, meme coin mania arsenic exacerbated by the “dog coin wars”, and derivatives.
2022 prediction: Layer-1s to outperform ETH
In a report released connected 28 December via the blockchain information investigation and probe firm’s The Weekly Update, Solana, Avalanche, Terra Luna, and Fantom are each poised for further gains successful the adjacent year, with the autochthonal tokens connected these standalone astute declaration networks continuing to outpace ETH successful the market.
The steadfast says that it expects Solana and the different top-performing layer-1 networks to support the upward inclination implicit the adjacent year, with terms upsides buoyed by accrued usage and superior inflows.
“These networks person thriving and fast-growing ecosystems that continuously thrust the terms performances of their autochthonal tokens,” the steadfast noted successful the report.
A look astatine the idiosyncratic returns for immoderate of the astute declaration platforms expected to proceed outpacing ETH, we spot Terra Luna (LUNA) is up 14,823% successful 2021, with Fantom (FTM) and Solana (SOL) some seeing a 100x oregon much successful terms maturation astatine 13,549% and 10,907% respectively.
While Ethereum’s autochthonal coin Ether (ETH) has jumped 460% successful 2021 to outpace Bitcoin (BTC) astatine 73%, astute declaration platforms Harmony (ONE) and Avalanche (AVAX) person returned 60 times implicit the year. Harmony is acceptable to adjacent the twelvemonth with terms gains of much than 6,400% for the twelvemonth and Avalanche is up implicit 3,150%.
On Bitcoin vs. S&P 500 and gold
Bitcoin is up astir 73% successful the year, portion the S&P 500 has besides edged higher to grounds closes arsenic it eyes a 28% instrumentality for the calendar year. Meanwhile gold, contempt being the accepted ostentation hedge, has antagonistic returns astatine -7% successful a twelvemonth the ostentation communicative has dominated sentiment.
Arcane Research says that Bitcoin volition inactive bushed some the S&P 500 and gold, having done truthful this twelvemonth to notch a 3rd consecutive twelvemonth of outperformance against the banal marketplace and the safe-haven asset.
#Bitcoin beats some the banal marketplace and golden for the 3rd twelvemonth successful a row.
Will #Bitcoin bushed the banal marketplace and golden adjacent twelvemonth arsenic well?
From our play marketplace report: https://t.co/1BRmx043AV pic.twitter.com/Qe5gHnia6i
— Arcane Research (@ArcaneResearch) December 29, 2021
But the researchers besides enactment that “Bitcoin has progressively behaved similar a risk-on asset,” alternatively than the integer golden it’s been tagged to be.
It means investors mightiness truthful privation to ticker the banal marketplace performance. Upward momentum for stocks could besides spot BTC terms outperform, portion “a reddish year” for the S&P 500 volition spot the cryptocurrency underperform, the analysts wrote.
On altseason, NFTs and metaverse
Although Bitcoin’s tally successful 2021 has been astonishing, the bespoke probe steadfast says the twelvemonth beauteous overmuch belonged to altcoins.
They enactment successful their study summarizing the twelvemonth successful crypto that this “has been a flying twelvemonth for astir altcoins,” with superior inflows into the conception contributing to the dip successful Bitcoin’s dominance successful the archetypal fractional of the year.
As noted earlier, ETH has outperformed BTC and truthful person astir different altcoins. For example, Binance Coin (BNB) has gained implicit 1,340% successful the twelvemonth to spot it bushed some Bitcoin and Ethereum among the apical 3 by marketplace cap.
The steadfast is besides bullish connected NFTs and metaverse, noting that the 2 narratives dominated marketplace engagements successful 2021. However, they accidental that it’s the “NFT craze” that has resulted successful spiking state fees connected the Ethereum network, with reactions being accrued involvement successful layer-1 tokens.
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