Since November 2021, there has been a serious retreat in the crypto money market. Coin Bureau, one of the popular crypto analysts, states that there are seven important events that will take place in 2022 and that these can turn the momentum of the cryptocurrency market north.

According to the Coin Bureau, one of the most important events of 2022 will be whether the spot Bitcoin ETF is approved or not. ETFs can be treated like stocks and allow you to take advantage of price movements without having to invest directly in an asset.

There are currently three Bitcoin ETFs traded on US exchanges. However, these Bitcoins are backed by futures contracts. However, if a spot Bitcoin ETF is approved, it directly means that the ETF will be backed by BTC and it is stated that it can create a selling pressure. According to the analyst, if a spot Bitcoin ETF is approved, it could start a new bull run.

In addition, Coin Bureau states that completing the official ETH 2.0 transition of Ethereum is just as important as the Bitcoin ETF. As it is known, the transition process to Ethereum 2.0 started in December 2020. More than 10 million ETH has been staked since then. The official transition to Ethereum 2.0 is expected to take place in the first or second half of this year.

solana sol

Solana's Main Mainnet Will Go Live in 2022

It is also very important that Solana's actual network launch is approaching, according to the analyst. Because Solana is technically still in beta. According to the statements made, Solana's main mainnet will go live around March this year. There seem to be two more milestones to be met before this happens: the introduction of multi-block generators and the introduction of on-chain management.

Coin Bureau also considers the deployment of Cardano's first DeFi dApps to be crucial for 2022. After ADA caught a good momentum in 2022, it went down with the whole market and is trading at $ 1.2 as of the writing of the article.

Litecoin (LTC)

Litecoin (LTC) and Dogecoin (DOGE)

The fact that Litecoin (LTC) and Dogecoin (DOGE) can be combined thanks to the auxiliary proof of work is among the important developments of 2022. LTC and DOGE, dogecoin co-founder Jackson Palmer stated that this could happen. In addition, it is stated that the demand for Litecoin and Dogecoin may increase, which may push prices upwards.

Polygon

Polygon (MATIC) and Axie Infinity (AXS)

Polygon is emerging as the leading layer in Ethereum's scaling solution with $5 billion in TVL by dozens of popular Ethereum dApps deployed on the POS chain. In addition, Polygon has invested billions of dollars into building additional layer 2 scaling solutions.

With over 3 million daily active users, Axie Infinity can handle all this traffic thanks to Ronin, a layer 2 scaling solution. Ronin will go public soon and validators will need to stake the RON token, which will also be used to pay all transaction fees on the blockchain.

According to the analyst, all these upcoming milestones can have a positive impact on the cryptocurrency ecosystem.