- The total value of crypto has skyrocketed 176% in 2021.
- The cryptos 176% surge equate to $2.14 trillion value.
- Report says that the crypto market could crash in 2022 despite its huge gains this year.
The overall crypto value has soared up to 176%, equated to $2.14 trillion gain in 2021 alone. A report shows that regardless of how cryptos smashed these huge gains this year, there is a high possibility for the market to crash in 2022.
The post suggests that the downturn can trigger the crypto market down that will lead to a serious pullback in the coming year. Moreover, the report stated that 2022 may not unfold its full potential to treat cryptos on a silver platter as people think. Additionally, the announcement unveiled five common reasons that could be the threat to lead the crypto market crash movement.
It asserted that “history suggests reversions are commonplace, blockchain euphoria outpaces its use case, inability to decouple from the stock market, margin debt wreaks havoc, and meme coins lose their magic.” These are the main reasons why the crypto market will crash in 2021, according to the post.
Despite Shiba Inu’s staggering performance and traders’ strong belief for it ahead, the report mentioned that traders should not be surprised to see the “fear of missing out” (FOMO) sensation on SHIB next year.
However, in context, the news was expressed based on their opinion and upfront view of what could happen in 2022. Meaning that, this doesn’t confirm that it’s a must for the crypto market to crash, though anything can happen when the curtain closes for 2021.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.