🧘‍♂️ALERT: Top Cryptos in 2022

Market Meditations | December 7, 2021

7 key trends to look out for

Dear Meditators

As we draw towards the end of the year, there’s a few questions on everyone’s mind: 

  • What is in store for crypto in 2022?

  • What big trends will take the market by storm? 

  • Can we try to predict these trends so we can position ourselves best for them?

Messari recently set out to answer these questions in a 200 page research report. Today, we summarise the key trends and add some more colour to them.

Read, enjoy and share with your network. Let’s all build wealth together.

⏰ In A Rush?

Our Market Meditations are longer format educational segments. Each letter features a Market Meditation which will deep dive and analyse a relevant crypto event, theme or tool. 

☄️ To 2022… And Beyond! 

The Collapse in Institutional Trust

Skyrocketing public debt and not-so-transitory inflation; Messari revealed that 70% of Americans disapprove of Congress and no longer trust policymakers to do the right thing. In 2022, more and more people will look for an alternative to central planners, fortunately, crypto is one of them. Expect institutional distrust to continue and crypto appetite to increase!

Crypto/Web3 is Inevitable 

Messari predicts that the user-owned economy will outperform the monopolist-owned economy in the long term. Web3 goes beyond crypto, preparing for a total transformation of the global economy.

Bridges and Nifties and DAOs

With the expansion of Web 3.0 there will be some key beneficiaries: NFT infrastructure, DAO tooling and inter-protocol bridges. In particular, it is likely that 2022 will be the year of DAO tools, Messari reports. 

Decoupling of Cryptos 

Perhaps some of you have been in the space long enough to remember the age of ‘Bitcoin and everything else’. No more. A lot of crypto assets and projects are starting to show signs of their own unique growth drivers. It’s likely that we will see more of this in 2022.

Permanent (Venture) Capital: In, Up and Down, Never Out 

Messari explains that the amount of capital that has flooded into crypto this year is mind-boggling and that this is likely to continue. In fact, crypto funds have become some of the best performing investment firms of all time. 

Public Options: Coinbase Opens the Floodgates 

According to Messari, Crypto IPOs and ETFs may become more important for attracting institutions and strengthening crypto’s mainstream narrative than they are for helping retail investors access the returns of the space. We’ll likely see more in 2022 and it will be a positive overall for crypto from a PR perspective.

Copy Trading

Crypto money cycles have become a self fulfilling prophecy. So many people believe in Bitcoin to ETH to altcoins that it’s happening faster than ever and with more reliability! We will likely see more copy trading in 2022 and individuals following in the footsteps of their favourite influencers. 

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?Tax Attack

Which Crypto investment firm is being investigated by tax authorities?

  1. Coinbase Ventures

  2. Hashed

  3. Paradigm One

? Beam Me Up Dotty

Two weeks ago we covered Acala, the first winner of the Polkadot parachain auctions. But the hammer hasn’t stopped, and shortly after our story the second auction was won by Moonbeam

For the horticulturists out there, it’s not just a flower, so let’s take a closer look at what it is and how it did:

  • Moonbeam’s aim is to make it easy to build decentralized applications on Polkadot – as their smart contracts are compatible with the Ethereum developer toolset, it allows easy integration of dApps with other blockchains.

  • There are currently more than 80 projects building on Moonbeam, all taking advantage of multi-chain operation with only minimal configuration changes to their existing code.

  • It’s sister project, Moonriver, launched earlier this year on the Kusama network, following a similar path to the Karura and Acala protocols.

  • Moonbeam raised over 35 million DOT tokens, easily beating out the other competitors. DOT holders will each receive at least 4 GLMR tokens per DOT token.

  • Tokens will begin to vest for crowdloan participants when Moonbeam completes its phased rollout and officially launches in a few weeks’ time. 30% will be immediately available, while the rest will vest over the 96 week lease period.

For a snapshot image of the Moonbeam ecosystem click here and to listen to a terrific podcast with the founder Derek Yoo click here

2. Hashed

The South Korean Crypto investment firm is being investigated by the Seoul Tax authorities

Let’s take a look at the key details: 

  • This comes after the investment firm announced $200 million in fundraising for their Web 3 projects just last week. 

  • While the reason for this investigation has not been disclosed it is being conducted by the 4th Bureau of Investigation of Seoul’s Regional Tax office. They are responsible for tax evasion and fraud investigations

Hashed are reportedly cooperating in full with the investigation, and all needed information has been handed over. 

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??‍♂️✍️ Stories in this newsletter were written by Isambard FA, Nick T., Max P., Kimia K., Ellen B. and Koroush AK. Graphics were produced by Gerasimos P.

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