Top 3 Trends for Cryptocurrency’s Outlook in Q2 2022

cryptocurrency outlook
Published on: April 14, 2022
Author: Philip Tai

As Q1 of 2022 has come and gone, investors are asking what the outlook for cryptocurrencies, blockchain, DEFI and NFTs are for Q2 and beyond.  Recently, famed Wall Street writer, Michael Lewis, author of the Big Short, Liar’s Poker and Moneyball, succinctly painted a picture of where the industry is at: 

“Crypto is an act of faith — like gold, like the dollar… It’s hard to judge — impossible to judge — whether that faith is sustainable or not… But the longer it goes on, the more of a threat it poses to the existing financial order.”

Some key points investors should be aware of for Cryptocurrency’s outlook in Q2 2022:

1, Cryptocurrency, Shiba Inu, Listed on Robinhood

One financial player not afraid of the impending disruption, Robinhood, announced that its customers can now trade four additional cryptocurrencies namely Solana (SOL), Polygon (MATIC), Compound (COMP) and Shiba Inu (SHIB). 

Seen as a positive development by crypto traders, Shiba Inu (SHIB) surged in prices after being listed. According to Coingecko, SHIB prices surged some 7 per cent in the past hour. COMP rose 6.6 per cent, MATIC jumped by 3.5 per cent and SOL saw a 2 per cent growth.

Why did Robinhood make a jump into crypto?  Robinhood’s venture into cryptocurrencies may be motivated by customer acquisition.  CEO Vlad Tenev stated, “We view this as an opportunity to expand our customer base and give our customers more access to functionality.”

2, Cryptocurrency Building Reputation for Hedge against Inflation

In October of 2021, JP Morgan sent a note to its clients claiming: “There are tentative signs that the previous shift away from gold into bitcoin seen during most of Q4 2020 and the beginning of 2021”

Has this played out in the charts?

BTC market capSince September 2021, when fears of inflation truly begin to ramp up, BTC has gone up 256.24% and gold has gone up 9.90%.

We are beginning to see governments raise rates in the midst of continued inflation, and we are in uncharted waters on where crypto prices will trend.  It would be too soon to contend that cryptocurrency does not protect against rising inflation. Investors will need to keep an eye on how crypto will fare in the coming weeks and months as the feds clamp down on the money supply.

3, Institutions Continuing to Move Into Crypto

This week, Pantera Capital announced during an investor call that it plans to close the Pantera Blockchain Fund, its first fund for blockchain, in the next few weeks with about $1.3 billion in committed capital, more than double the expected amount it announced back in November.

In a show of support for the overarching blockchain industry, Pantera’s fund will invest in firms involved in blockchain infrastructure, nonfungible token platforms, Web3 gaming, the Metaverse, exchanges and decentralized finance (DeFi).

Pantera Capital CEO Dan Morehead stated, “The Fund is expected to invest in about 10 companies over the next 18 months or so. We will primarily focus on more mature, revenue-generating companies than our typical Seed and Series A venture investments.”

What’s Happening with Blockchain Foundry (CSE:BCFN)

Blockchain Foundry Inc. is a CSE listed company that focuses on developing and commercializing blockchain-based business solutions and provides consulting services to corporate clients seeking to leverage blockchain technology in their businesses.

The company has most recently been focused on its NFT platform, LastKnown.com, a multi-chain NFT marketplace that help quality artists with innovative drops. According to its marketing material, “LastKnown provides artists and content creators with the blockchain experience and expertise needed for the most successful drops possible.”

See LastKnown’s most recent NFT drop!


Disclaimer: The company described in this article is a customer of NAI Interactive Ltd. This material is for informational purposes only and is not intended as a recommendation or offer or solicitation for the purchase or sale of any securities or financial instruments, or for transactions involving any financial instrument or trading strategy.

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