Blockchain data research firm Arcane Research has taken a look at the year that was in its final report for 2021 and offered its predictions for crypto markets going into 2022.

Arcane’s Tuesday “The Weekly Update” report focuses on Bitcoin (BTC) and Ether (ETH) but delves into other major coins, decentralized finance (DeFi), memecoins, nonfungible tokens (NFT), derivatives and others. Arcane offered a prediction for what would happen in 2022 on every topic covered in the report.

“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 believes Bitcoin will continue this performance next year. The benchmark S&P 500 index compri the 500 biggest companies listed on American stock exchanges.

“XRP and Cardano will fall out of the top 10”

Arcane noted the tremendous gains on Binance Coin (BNB) this year, peaking at about 1,600% in May and rounding out the year up 1,344%. Based on this and the growth in market capitalization from altcoins such as Solana (SOL) and Terra (LUNA), along with the NFT craze, the analysts are tipping XRP and Cardano (ADA) will exit the top 10 list.

Alternate layer ones will continue to outperform ETH

While ETH outperformed BTC this year with a gain of 455% to 73%, other layer-one blockchains outperformed ETH. Layer one refers to standalone, base-layer blockchains. Terra Luna ends 2021 up 14,823%; Fantom is up 13,549%.

Traditional gaming companies will increasingly add NFTs

This year in crypto can be…


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