Women, Gamers and Solana To Dominate Crypto in 2022, BitMEX Predicts

BitMEX released a report titled ‘Five Ways the World of Crypto Will Change in 2022’ and they highlighted some interesting predictions.

While some of them have been anticipated by many people in the industry some others haven’t received the limelight yet to be understood for their importance.

The 3 Important Predictions

The first of the five predictions is in the increased involvement of women in the crypto space. At the moment, women around the world make up just 5% of all crypto investors.

This is about one-fifth of their participation in traditional finance which accounts for 24% of all investors. But as the total number of crypto investors is predicted to rise to a billion from the current estimates of 300 million the inclusiveness of women is also expected to rise. 

As it is, of the 63% ‘crypto-curious’ adults in the United States more than half of them are women. Thus, their yearning to learn more will enable them to eventually be a part of this space. 

The other major prediction is that Solana will become a true competitor to Ethereum.

The altcoin has already been called the “Ethereum killer” for ages now and considering its rapid growth over the last year, it looks like his year it might just finally trump the altcoin king. 

Multiple reasons include the advantage of being Proof of Stake, faster transactions of 50,000 – 60,000 TPS over Ethereum’s 15-30 TPS, a significantly cheaper transaction fee of $0.00025 compared to Ethereum’s $4 – $21 could make this prediction actually come true.

Additionally, Solana is already gearing up its NFT front to compete with Ethereum.

The third and very important prediction is the increase in demand for high-yield savings products.

This comes due to the falling negative real yield interest rates of the 10-year US Treasury bond which would lead to investors looking into more profitable solutions. 

Although DeFi yield protocols can be risky, they also happen to offer the highest return rates for investment.

But thanks to the lack of solid returns over the years, GenZ investors might end up wanting to take the risk and earn profits instead of waiting for safe returns that might never come.

The Other 2 Predictions

According to BitMEX, 2022 will witness the highest participation from gamers into GameFi as well since NFT games such as Decentraland, Sandbox, Axie Infinity, etc, established a strong reputation in the crypto industry generating over $2.3 billion in the third quarter of 2021 alone. 

Plus with half the population of the world being gamers, the FOMO-inducing growth of ‘play-to-earn’ games would draw in players over from the traditional games.

Lastly, there is a high chance that the world could see more Mergers and Acquisitions of traditional finance companies by crypto firms.

Coinbase is one of the best examples of successful crypto companies that could end up luring TradFi companies which could be picked up by another thriving crypto firm.

All in all, 2022 looks good for crypto.