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”

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

Alternate layer ones will continue to outperform ETH

Traditional gaming companies will increasingly add NFTs

Even more crypto companies will go public, and several will have valuations above $5B

Bitcoin ETFs will hold more than 1M BTC by end of 2022

“Hashrate will become even more geographically distributed”