In 2021, Hedera celebrated several milestones and integrated many companies. HBAR crossed the 1.5 billion mark in August. The Hedera public network (DLT) is eco-friendly and designed for high volume usages like supply chain, verifiable evidences for data, payments advertising tokenization, and other high-volume uses. Hedera has had additions to its governing board, including the Indian Institute of Technology Madras and the London School of Economics.
Shinhan bank, a major Korean bank, announced plans in November to issue South Korean Won (KRW-backed) stablecoins on Hedera. MetaVRse and the HBAR Foundation recently announced a partnership in order to create Enterprise Metaverse solutions for global organisations on the Hedera Network. Hedera traded at $0.319.
Kadena (KDA), was one of few tokens to explode higher in Q3. The KDA token traded below a dollar during the first part of the year and then surged 3,500% between September & November to hit all-time highs at $28.58 on November 11.
The KDA price, which is currently trading at $15.33 up 13.67% per day, is slowly making a comeback following a period of decline. Kadena announced changes in December that give developers and users the ability to buy and mint non-fungible tokens (NFTs).
Marmalade is the Kadena new standard for NFTs, introduced to solve the problem of inability to enforce regulations on the sale of NFTs. Kadena also announced KIP-0014 in December. This enhances Kadena Account Protocols and provides Guard and Rotatable Accounts. It is the first wrapped Bitcoin to be minted on its testnet.
Floki Inu rose almost 45% when Tesla CEO posted a cute floki Inu photo with the caption “floki Santa”. Its partnership with Blockchain data giant Chainlink, and its collaboration with Russian football giants Spartak Moscow are the highlights of the year.
FLOKI announced its partnership to InverseFinance, which will bring DeFi to over 370,000+ Floki token owners. Bithumb and AscendEX are the most recent exchanges to embrace Floki Inu. Floki was trading at $0.000135 at press time.
Three Crypto Trends to Pay Attention To in 2022
Although 2021 saw an increase in Dog-themed coins, Layer 2 and Metaverse tokens, few market experts have any insight into the future.
Jesse Powell, CEO at Kraken, believes NFTs will become “a bigger thing” by 2022. This is not due to the aesthetic and prestige associated with acquiring some of these NFTs, but because of their utility as provenance tracking and borrowing, lending, and lending. He said that he believes next year will be the year NFTs.
James Malcolm, UBS’ head of FX strategy, stated that while scaling was the main focus of this year’s blockchain activity, he predicts that the “next big thing” will be blockchain interoperability in 2022. Cosmos has made significant progress in 2021 with interoperable blockchains like Polkadot. This could indicate that there is more to come.
Bitcoin, Ethereum and Mike McGlone are just a few of the senior commodity strategists at Bloomberg Intelligence. He said, “Stalwart cryptocurrency dollars, together with bitcoin and ethereum will stay atop this ecosystem vs. approximately 15,000 rivals jockeying to be speculative leaders.”