Bitcoin (BTC) witnessed a curler coaster journey in 2021 and although BTC has corrected sharply from its all-time excessive at $69,000, the digital asset continues to be up by 60% year-to-date. Throughout the identical interval, gold has dropped greater than 5%. 

With inflation hovering in america and several other different elements of the world, Bitcoin’s outperformance over gold reveals that buyers could also be contemplating it to be a greater hedge in opposition to inflation when in comparison with gold.

Throughout the yr, the overall crypto market capitalization surged to about $3 trillion, however Bitcoin’s dominance fell from about 70% firstly of the yr to 40%. This reveals that a number of altcoins have outperformed Bitcoin by an enormous margin.

Crypto market knowledge each day view. Supply: Coin360

As cryptocurrencies achieve wider adoption, a number of altcoins are prone to seize buyers’ consideration. These may produce sturdy returns for buyers over the subsequent yr.

Technical evaluation has been used to reach on the present checklist of large-cap cryptocurrencies that would stay in focus in 2022 and profit from a crypto bull run.

Let’s research the charts of the highest 5 cryptocurrencies to calculate their potential goal goals and the assist ranges to be careful for in 2022.