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Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022

  • Wood says blockchain technology is one of five trends alongside DNA sequencing, energy storage, AI and Robotics

  • She says DeFI and NFTs were huge in 2021 and could continue on the same trajectory this year.

ARK Invest founder and chief executive officer Cathie Wood says that blockchain technology is one of the five key trends her investment fund is watching in 2022.

The celebrity investor, whose bets on Bitcoin and Tesla made for huge returns, believes two trends in the blockchain tech space likely to continue to see massive investor interest are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wood was speaking to TIME magazine.

Blockchain remains a ‘big trend’ in 2022

Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.

Energy storage is another big trend the investment fund is keen on in 2022, with the Ark Invest CEO giving the nod to electric vehicles over gas-powered ones. Tesla has led in this category, with other automakers like Rivian, GM, and Ford also seeing significant demand in 2021.

Investment opportunities in the Artificial Intelligence space are also big on the fund’s books, as is blockchain technology.

Wood told TIME that decentralised finance and non-fungible tokens are likely to continue being huge for investors. She believes one of the trends in 2022 will be DeFi taking over a large part of the market share currently dominated by traditional financial.

Last year, an estimated $44 billion worth of NFTs were sold, while the DeFi sector saw over $240 billion in total value locked (TVL). Per data from DeFi Llama, the TVL currently stands at $235.88 billion, with 9.87% of that locked in the Curve Finance protocol.

The post Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022 appeared first on Coin Journal.

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Terra (LUNA), Avalanche (AVAX) and Solana (SOL) offer massive opportunities in 2022, says Raoul Pal

  • Bitcoin and Ethereum are “base investments”, with BTC the OG of crypto, says the Real Vision CEO.

  • Terra and Solana are currently top 10 cryptocurrencies by market cap, while Avalanche and Polygon make up the top 15.

Terra (LUNA) is currently the 9th largest cryptocurrency by market cap at $29 billion, thanks to a monstrous price rally over the past year.

While the decentralised financial payments blockchain has seen its native coin struggle this past two weeks, it’s up 23% since mid-December. But that’s not all; LUNA’s price is up a mouthwatering 10,579% higher since January 2020.

This coin, together with Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), are likely to see even more gains in 2022, according to Real Vision CEO Raoul Pal.

The investment strategist said in an interview published on Friday.

He said he personally has added to his Ethereum position and is looking at “some of the beaten-down” tokens in decentralised finance (DeFi) as well as layer 1 altcoins.

The investor was responding to Jessica Walker’s question on what he thought an experienced trader would look at in the crypto market going into 2022 proper. And Pal noted that Bitcoin (BTC) and Ethereum (ETH) are likely to remain on top of the list for many traders, before going on to explain why.

According to him, ETH and BTC are “base investments.” He said Bitcoin is “the OG” of crypto, while Ethereum is the most robust network in the crypto industry. It has the most developers and investors, he added.

However, other than these two, one would look at „network effects“ for guidance when seeking an investment opportunity. The most attractive, in his opinion, are those altcoins whose networks show growth potential within the crypto space.

He thus singled out layer 1 coins as probable outperformers in 2022, with interoperability tokens also on his list.

“We’re seeing these layer-1s, stuff like Terra, Avalanche, and probably Solana,” he said.

Solana is currently the 7th largest cryptocurrency with a market cap of $44 billion while Avalanche is down in the 12th spot with a market cap of $21 billion. Both coins are trading lower on the day, with SOL down 3.8% and AVAX losing by 4.3%.

Pal also thinks Polygon and Quant- a blockchain network aimed at connecting other blockchains via its Overledger technology- will also experience further growth.

The Real Vision CEO said that this could be “the year of interoperability”, the reason Polygon, Quant could be big opportunities.

Last week, crypto strategist Michael van de Poppe expressed a bullish outlook for Polygon, adding that other tokens like Fantom (FTM) and Enjin Coin (ENJ) will also do well in the market.

The post Terra (LUNA), Avalanche (AVAX) and Solana (SOL) offer massive opportunities in 2022, says Raoul Pal appeared first on Coin Journal.