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KuCoin| My crypto market forecast and challenges 2022

KuCoin is a cryptocurrency exchange that accepts various digital assets and cryptocurrencies.

KuCoin was founded in September 2017 and has since grown to become one of the most popular cryptocurrency exchanges, with over 20 million registered users in 207 countries and territories across the world.

KuCoin, often known as the “People’s Exchange,” is a global crypto exchange based in Seychelles that offers users 24/7 multi-language customer assistance.

Meanwhile, KuCoin has built 23 local communities throughout Europe, Southeast Asia, and other countries, allowing users to access highly customized services.

My Positive Predictions For 2022:

The sheer amount of publicly traded corporations establishing a Bitcoin treasury will be one of the most significant events in 2021. MicroStrategy will likely continue pushing the envelope on this front, acquiring BTC whenever the opportunity arises.

Although dozens already have a Bitcoin treasury, getting new companies on board is challenging. As these companies continue to accumulate BTC, fewer Bitcoin will be accessible for purchase by the general public. Even if the price takes a bit to respond, it is a bullish indicator.

There Will Be Some Difficulties:

The continual change in the regulatory landscape is one issue I closely watch. Despite the many uncertainties, I believe policymakers will propose more frameworks in the coming year. The success or failure of crypto prices will be determined by the framework put in place. On the other hand, a prudent regulatory strategy may draw more financial institutions into the crypto fold.

The stablecoin industry, in my opinion, is the other significant difficulty. Specifically, dozens of currencies are linked to fiat currencies, whether through bank reserves, algorithms, or other means. However, we’ve all seen that these stablecoins aren’t all that stable, as minor price fluctuations can occur.

NFTs, DeFi, GameFi, and Other Things:

Non-fungible Tokens (NFT), Decentralized Finance (DeFi), GameFi, play-to-earn games, and other “sub-trends” exist in the crypto and blockchain industries. As NFT weariness sets in at this tie, I’m excited to see what 2022 has in store. The desire for utility is higher than ever, as simply constructing a project with “nice visuals” will no longer suffice.

Furthermore, the role of NFTs in DeFi and GameFi should be monitored. Unique assets have a lot of promise in different categories, even though their monetary value varies a lot. That makes them difficult to incorporate into a loan, borrowing, or yield farming setting; however, innovators are still looking for new possibilities.

Conclusion:

While some may argue that 2021 was the year cryptocurrency became mainstream, 2022 will either validate or dispute such a claim. The landscape has altered dramatically in the last year, but several fundamental features have remained constant. The speculative approach to these assets is louder than previously, and regulatory reform remains in progress. Without regulatory certainty, I fear that the mass acceptance of crypto will take a few more years.

On the other hand, this market has numerous potential chances for sub-trends. On the other hand, developers must establish the essential infrastructure to take their initiatives beyond “barely long-term feasible” and into the realm of utility.

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