Despite staying unaffected by Covid-19, other events significantly contributed to decreasing Bitcoin’s value recently, like environmental sustainability concerns that urged Elon Musk to refuse it as a payment for Tesla. Moreover, China’s crackdown on crypto mining operations and strict regulations imposed by the US treasury acted as catalysts for Bitcoin’s further decline.
However, the largest crypto has rebounded and rose to $35,000 in the past few days. This has also made other altcoins like Ether, Cardano, etc., trend upwards after significant crashes.
What’s in store for 2022?
The trending cryptocurrencies to consider for 2022 are Bitcoin, Ethereum, BNB, Tether, and Cardano. These digital currencies show promising growth potential and are currently hyped up by many investors.
Despite Bitcoin’s rollercoaster ride this year, expert crypto analysts like Ali Mizani predict it to reach $200K to $300K by 2022. Bitcoin’s competitor Ethereum’s price has increased by 800% in the last year. Ethereum’s network has been popularized with the development of DeFi and NFT tokens, indicating solid future growth.
Cardano ADA is another to look out for; the coin has been getting attention due to its eco-friendlier algorithm and has the fifth-largest market cap. Investors are speculating it to reach $10 in the next few years. BNB coin has a bright future as well; owned by the world’s largest crypto exchange, Binance, it already hit an all-time high of $686 this year. Therefore it’s expected to grow even further.
How can crypto brokers up their game?
With these top cryptocurrencies trending, it’s an excellent opportunity for brokers looking to expand their services. MrGuru is a cryptocurrency broker that uses next-generation trading technology and offers a broad selection of digital currencies like Bitcoin, Litecoin, Ethereum, Cardano, etc.
Its web-based trading platform is specially designed for crypto traders and features a simple and optimized user interface. The platform is also versatile and flexible enough to support any mobile, desktop, and tablet environment. The broker supports five different languages, and you can also access MrGuru in German.
Regarding deposits and withdrawals, MrGuru accepts all popular payment methods like credit/debit cards and wire transfers. However, withdrawal requests are processed only after a successful verification process for security concerns.
In terms of customer support, the team operates 24/6 to respond to all general queries and inquiries. The broker can be contacted via telephone, email, and live chat in case of technical difficulties and issues regarding services provided.
The continued evolution of crypto markets is garnering attention; amidst the pandemic, it’s a promising market to explore. MrGuru is an online crypto broker that offers tailored trading features, competitive conditions, and its robust WebTrader platform. The MrGuru brand is aiming to deliver excellence which is evident in the services they provide.