Why 2022 May Be the End of Crypto?

Almost half of 2022 has already passed. Many experts predicted that this would be the year when the crypto landscape would transform for the better. Unfortunately, this has not happened, at least not yet. The world has watched cryptocurrency’s catastrophic melting for the past few months. Could 2022 be the end of cryptocurrency? If not, when will the crypto market grow this year?

The index of fear and greed is an excellent indicator to measure the situation as much as possible. It is a tool for estimating stock market fluctuations and determining whether stocks and upcoming crypto events in 2022 are priced. The hypothesis is that extreme fear reduces prices, and excessive greed has the opposite effect. Enthusiasts who have been monitoring the markets for years can discern whether investors will succumb to fear.

According to one enthusiast, when retail investors start to feel a loss, it creates panic and acceleration in the market. The rest follow in their footsteps and shift the narrative entirely to fear. Investments are always risky; However, every investment, be it dollars or millions, must be backed up by a thorough investigation.

Following the massive collapse of Luna Terra and Bitcoin, speculative speculation has surfaced on the Internet about how Bitcoin eventually went down to zero. Altcoins would be a joke, and the market would be utterly devoid of liquidity. Investors say fear regularly dominates the market. Institutional investors who believe in the basics are expected not to give up. A fear instilled in retail investors forces the market to move.

Crypto in 2022

However, is 2022 the end of crypto? Experts estimate that this bear may be the end of some fundamentally weak or overly pervasive cryptocurrencies; However, definitely not for the best coins and fundamentally strong projects. Many believe that the technology behind crypto, or blockchain, will be the backbone of the Internet. Consequently, all businesses will sooner or later switch to it. Decentralization through blockchain will win.

This year will be the best year for investors to think about the coins they want to invest in. Many experts believe that the industry can’t die overnight. The road to recovery will be difficult. However, it will happen sooner or later. 2022 is not the year crypto-investors had hoped for. Also, there is an excellent possibility that Bitcoin will not reach 100 thousand dollars this year. Nevertheless, crypto markets are very volatile and, at the same time, unpredictable.

Conclusion

People worldwide are checking the balance of cryptocurrency with cracks in their hands. Coinbase recently laid off 18% of its workforce; Because Bitcoin will reach unprecedented lows after December 2020. Bitcoin lost two-thirds of its value after hitting a record high of $69,000 in November. For the CEO of Intuit, the current cryptocurrency crash and burnout do not determine the end of technology because technologies are not temporary. Both blockchain and decentralized technologies whether the currencies will return just like any that will be returned.

Consequently, before Bitcoin crashes today, financial management companies such as Intuit intend to remain a permanent vessel that manages during a storm. The firm believes that blockchain capabilities and decentralized technologies will change the speed of money, From filing an invoice to getting into the pockets of money business. This remains the company’s focus even when people are nervously logging into their Coinbase accounts to check the value of their digital assets.

In their estimation, today, the world of cryptocurrency remains too harsh for those who have not watched the ups and downs in the last decade. Most people are still accustomed to traditional banks. When news spreads about currencies like the Bitcoin crash, it can often lead to concerns about technology in general.