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Where is the cryptocurrency industry headed in 2022?

CryptocurrencyNov 25, 2021 04:00AM ET
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Where is the cryptocurrency industry headed in 2022?

The crypto world is dynamic and ever-changing, which is why new technologies and trends are constantly appearing and evolving. But what are the dominant crypto world trends right now?

The growing value of Bitcoin
There are three reasons for Bitcoin’s increasing value: institutional investor faith, the Nasdaq listing of Coinbase (NASDAQ:COIN), and integration with existing payment systems.

The NFT industry is going viral
NFTs are one of the most talked-about digital phenomena in 2021. The crypto community has taken notice of digital art, which has resulted in the adoption of NFT standards on cryptocurrency platforms.

The uniqueness of NFTs is their one-of-a-kind nature: each one is distinct and marked as such on the blockchain. According to the US Internal Revenue Service, this allows NFT to be classified as collectable objects. Another point to consider is that NFT trading volume increased to $10.67 billion in the third quarter of 2021, according to analytics company DappRadar. It will be fascinating to observe how it evolves and how businesses use NFTs for their benefit.

Phemex is permanently on the lookout for new trends and methods to better serve its users. Thus, the platform held a contest called "NFT Contest: Q aRt together with Phemex" in March of this year. All the participants posted their QR codes on Twitter (NYSE:TWTR), followed by a large-scale NFT featured on OpenSea. As a result of the auction, all participants received their rewards.

Phemex crypto exchange supports a wide range of crypto pairings, including Bitcoin, which you can exchange right now. The platform offers profitable trading with cheap costs, leverage, and the absence of fees for premium clients. Altogether, these are huge advantages of the Phemex crypto-exchange.

In addition, it is possible to diversify your portfolio and earn passive interest on crypto assets while cutting costs. Therefore, Phemex is a forward-thinking platform that puts the needs of its users first.

Relax and make money easily
It comes without saying that for crypto investors, passive income is fundamental. Buying and keeping tokens is one of the easiest and hassle-free methods to make passive income with cryptocurrencies.

Through its asset management service, Phemex offers its subscribers the possibility to earn passive income. Whether you prefer to purchase and HOLD coins, the platform offers you the opportunity to earn a passive income. There are options for both flexible and set deposit terms. With cryptocurrency, you can earn up to 8.5% APY:

  • Flexible deposit for BTC: 1.5% per annum.
  • Fixed deposit for BTC: 2.5% per annum.
  • Flexible deposit for USDT: 6% per annum.
  • Fixed deposit for USDT: 8.5% per annum.
Phemex is an all-in-one platform that meets the needs of cryptocurrency enthusiasts of all skill levels. The platform is suitable for:

  • Newcomers, as it provides various free training courses and answers to frequently asked questions about digital assets.
  • For experts, it creates an ideal trading ecosystem.
Additionally, beginners have all the chances to earn their first cryptocurrency on Phemex. To receive it, they need to pass the training tests successfully. Experienced traders have several tools to improve their trading techniques.

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Where is the cryptocurrency industry headed in 2022?

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