What's Hot

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Huobi Research: Bitcoin (BTC) will sink in 2022, but DeFI and DAO will save it
    Analysis

    Huobi Research: Bitcoin (BTC) will sink in 2022, but DeFI and DAO will save it

    AdminBy AdminJanuary 23, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The last few months have been particularly favorable for the decentralized finance (DeFi) sector. Indeed, it has grown considerably and adapted to the expectations of those who wanted to invest in it. However, on the cryptocurrency side, all was not rosy. Indeed, not only bitcoin (BTC) has lost value, but in addition the predictions are not good.

    A year that will be gloomy

    Considering the actions of the US Federal Reserve (Fed) and other central banks, Huobi Research believes that BTC will enter a bear market that will last several months. The institution provides an entirely gloomy year for BTC. But when it comes to the decentralized finance (DeFi) sector, she remains positive and believes the field will continue to attract people.

    Back to the cryptocurrency industry. Last Thursday, the prices of BTC and ETH tumbled. In the past 24 hours, BTC lost around 7.9% of its value to as low as $38,788 at the time of writing this article. This is part of the reason why experts at Huobi Research continue to believe that the year will be bleak for the king of cryptocurrencies.

    DeFI and DAO will grow in 2022

    To justify the outlook for bitcoin (BTC)’s falling value, Huobi Research considers an event that occurred in 2013 that is similar to the situation the market finds itself in now. In 2013, the Fed took a series of decisions that unfortunately plunged the cryptocurrency market into a downward momentum from which it only struggled to emerge.

    Even though Huobi’s predictions are gloomy about BTC, the group believes that in a broad sense, the industry can see significant development in other sectors. For example, DeFi will strengthen attract investors. Moreover, this market has grown from $19 billion in January 2021 to a high of $250 billion in total value blocked at the end of the year. Huobi even predicts the arrival of version 2.0 of decentralized finance, DeFi 2.0.

    Finally, the group believes that DAOs will become powerful mechanisms that influence state decisions. DAO fund management can be linked to various DeFi applications, enabling better cash management, according to Huobi Research.

    The king of cryptocurrencies is currently in a downtrend that could have long-term consequences. Experts even predict a particularly sluggish year with a gradual loss of value. However, nothing is lost. Indeed, they also believe that the market will grow as a result of other things like DAO and DeFi.

    Source: Cointelegraph

    Receive a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

    TCT writing

    Behind the generic signature “TCT Writing” are young journalists and authors with specific profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022

    Cardano (ADA) Founder Offers Crypto Self-Certification

    June 25, 2022

    Axie Infinity: The company behind the game wants to compensate the victims of the hack

    June 25, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • First fundraiser for Doodles and new partnership
    • More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States
    • The bitcoin (BTC) invites itself in the programs of the University of Cincinnati
    • Cardano (ADA) Founder Offers Crypto Self-Certification
    • Axie Infinity: The company behind the game wants to compensate the victims of the hack

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy