NFTs are the new trend today. These are non-fungible tokens, which work in a similar way to cryptocurrencies but come to represent unique properties. The latter can be works of art, specific pieces, music or even a collector’s item. For some, the issue is getting out of control, while others consider it another speculative bubble. What are the predictions about cryptocurrencies and NFTs? we’ll point you out below.

The predictions about cryptocurrencies and NFTs in 2022

What are cryptocurrencies

If you don’t know what cryptocurrencies are about yet, you may have been curious about it. This is decentralized digital money, whose origin dates back to 2009. It was then that a group of developers, under the pseudonym Satoshi Nakamoto, brought to light Bitcoin, a cryptocurrency that was initially taken as a joke. Offering faster transactions than traditional banking.

It is also a decentralized system, which no governmental or corporate entity controls. Therefore, the proposal began to become increasingly attractive, increasing its value (up to thousands of dollars currently for each Bitcoin). Similarly, as the years have progressed, parallel cryptocurrencies with different characteristics have emerged. It is estimated that there are more than 15 thousand of them today.

What are NFTs?

For their part, the NFTs have emerged since 2020, but it is not until the end of 2021 that they begin to gain real popularity. This is due to news as crazy as the fact that someone bought a drawing of a simple stone for thousands of dollars, or that the soundtrack of a certain artist can be worth a lot of money, without the need for it to be a pop icon. NFTs, unlike cryptocurrencies, are not fungible. That is, a token represents only one thing and it cannot be exchanged.

That is why the world of art and music has been positively influenced by the NFTs. There is a wide variety of platforms where you can acquire NFTs according to the different conditions of its users. The area of video games and applications has also been influenced by this new trend. However, what is the point of acquiring a digital good at such a high price?

According to a group of experts this could be worth much more as the months go by. However, within the predictions about cryptocurrencies and NFT there are also some that point out that it is a waste of time and that it is just another speculative bubble, of a temporary nature.

What are the predictions about cryptocurrencies and NFTs

Within the different predictions about cryptocurrencies and NFTs that we can find, we have to:

• First of all, experts bet on a rise in the price of Ethereum, due to the change of its operation with the PoS or proof of stake. Some even risk saying that it will increase more than Bitcoin itself, fulfilling their dream of overcoming.
• The metaverse is another term that is being handled within the future of cryptocurrencies. According to specialists, this will become the new interface of the web, so that users can interact better with each other. To this is added the battle that could be waged between the cryptographic metaverse and that of video games.
• A large increase in the market capitalization of the cryptocurrency economy in general is planned. By the end of 2022 it could have reached 7 billion dollars, according to specialists.
• Some countries will use cryptocurrencies from the Central Bank, such as China and its Digital Yuan.
• Some users are already looking at how to acquire NFTs through bots, so they would quickly shift to conventional users. However, this could also mean that the” fad ” of the NFTs is transient, since it would be transformed into an automated process without too much interest.
• The video game industry could be positively affected by these changes, calling for a lot of interest in initial game offerings.
• Banks would join efforts to continue increasing digital security and to find fraud trends in cryptocurrency transactions.
• Although the metaverse is considered “the future of the web”, it would still take a long time to take full possession of it.

Best options for NFTs

• OpenSea

  Is the largest platform to buy and sell NFTs today. Within its website you can find a wide variety of digital assets. Likewise, the creation of your own NFTs is very simple and if you have the Ethereum wallet, even more so.

• KnownOrigin

  You can find a series of unique works of art within this platform. If you are concerned about the originality and authenticity of objects and works of art, then this is your best option.

• Ethernity

  A platform that operates with Ethereum and that allows you to sell NFTs not only original but limited edition. In addition, it is specialized in sports activities and you can buy directly or through auction.

• Rarible

  It is the competition of OpenSea and has an easy-to-understand and easy-to-use interface. It has a guide to be able to make your own NFTs, as well as to buy or sell. Best of all, it doesn’t cover a single topic, as it does with other platforms, but it has several areas of interest, according to the trends of the day.

The best cryptocurrencies to invest this 2022

• Bitcoin

  The most classic of cryptocurrencies continues to be the best investment today. In addition, more and more countries and businesses accept it as a form of payment. The number of Bitcoin investors is growing by leaps and bounds. According to forecasts, the rapid growth of its rate is an indication that it will continue to rise in the coming weeks.

• Ethereum

  It is the currency that is considered to be able to replace Bitcoin in the not-so-distant future. It is also one of the most used platforms by other projects and dApps. Since its launch it has become the biggest competition within the cryptocurrency field. A profit of 980% is expected for this year.

• Polkadot

  It is a big competitor of Ethereum because of its security. Polkadot also offers greater scalability of most existing projects today. It is estimated that there may be a gain of up to 700% in the coming months for this cryptocurrency.

• Binance Coin

  It is one of the cryptocurrencies with the best market capitalization, in addition to transmitting great security in transactions. Initially it was used to trade, but now you can pay for various goods and services and the range of possibilities continues to expand.

• Uniswap

  It is a project that offers great security and stands out for its automated liquidity protocol. The latter allows project investors to exchange tokens almost instantly, without the need to set a buy or sell price. Growth is estimated at 290% this year.