It’s hard to predict the future, especially when it comes to cryptocurrency. In such a volatile market, prices can change in an instant. Yet, that doesn’t stop people from trying. Here’s a look at three popular cryptocurrencies and what their prices might look like in December of 2022.Decentraland (MANA) Decentraland is a virtual world powered by the Ethereum blockchain. Users can buy, sell, or trade virtual land on the Decentraland marketplace. These transactions are all stored on the blockchain, which ensures that they are secure and cannot be tampered with. Decentraland has seen a bit of a setback this past few months because of Covid-19. The pandemic has caused many businesses to close their doors, and this includes businesses that were planning to launch in Decentraland. As a result, the virtual world has lost some of its luster and it remains to be seen if it will be able to rebound in time for its planned 2022 growth spurt. Decentraland is a virtual world powered by the Ethereum blockchain. Users can buy, sell, or trade virtual land on the Decentraland marketplace. These transactions are all stored on the blockchain, which ensures that they are secure and cannot be tampered with. Decentraland was launched in February of 2017 and since then, it has grown to become one of the most popular decentralized applications (dApps) on the Ethereum network. As of December 2020, one MANA is worth about $0.14. But by December of 2022, some analysts believe it could be worth as much as $1. That would represent a nearly 700% increase in value over a two-year period. Of course, anything could happen between now and then—the market could crash or Decentraland could run into some unforeseen problems—but if all goes according to plan, MANA could be a big winner in 2022. Recent Setbacks for Decentraland Decentraland has seen a bit of a setback this past few months because of Covid-19. The pandemic has caused many businesses to close their doors, and this includes businesses that were planning to launch in Decentraland. As a result, the virtual world has lost some of its luster and it remains to be seen if it will be able to rebound in time for its planned 2022 growth spurt. Decentraland was dealt another blow when Oculus announced that it was shutting down its Oculus Home platform in April of 2020. Oculus Home was one of the primary ways that users accessed Decentraland, so this was a major setback for the virtual world. However, Decentraland has since launched its own standalone app that does not require Oculus Home to run. It is still too early to tell how these setbacks will affect Decentraland’s plans for growth in 2022 but they have certainly put a damper on things for now. Only time will tell if Decentraland will be able to recover from these setbacks and reach its full potential. As of December 2020, one MANA is worth about $0.14 cents but some analyst claims it could grow up to $1 by December of 2022—a 700% increase! However due to recent events such as Covid-19 and the shutdown of Oculus Home; Decentraland’s public image has been hindered. These circumstances make It unclear if their planned growth spurt by 2022 will still be possible to accomplish given how much set back they’ve experience recently as stated in this blog post. Despite this recent string bad luck, only time will tell If decentralization can make Its way back on top as one stop shop destination for all your needs In Inside Digital World.XRP (XRP) XRP, the native cryptocurrency of the Ripple network, is currently trading at around $0.30 per coin with a market cap of $13 billion. That puts it in 3rd place behind EdaFace and Ethereum in terms of market cap. However, some analysts believe that XRP could reach $10 per coin by the end of 2022, which would give it a market cap of over $1 trillion. That would be an extraordinary increase in value, but not out of the realm of possibility. After all, XRP is already one of the most popular cryptocurrencies on the market and has shown tremendous resilience in recent years. If the crypto industry continues to grow at its current pace, XRP could very well be trading at $10 per coin by the end of 2022. But only if XRP can find a solution to a problem that has been with them from the beginning of their project: lack of direction from the developers when it comes to community engagement.The Problem with Community EngagementIf you ask most people in the crypto community what they think about Ripple and XRP, you’re likely to hear a lot of negative things. And much of that negativity has to do with a perceived lack of community engagement on the part of the developers. The community feels that they are not being kept in the loop when it comes to decision-making and roadmap updates. This has led to a lot of FUD (fear, uncertainty, and doubt) among investors and traders. Ripple’s community manager has said on multiple occasions that the team is working on increasing transparency and communication with the community. But so far, those efforts have not borne fruit. In fact, Ripple’s last update on their blog was over 4 months ago, and their last Tweet was 2 months ago. Compare that to other projects in the crypto space like Cardano or Polkadot, which are constantly engaging with their communities and providing updates on their progress. It’s no wonder that there is so much FUD surrounding Ripple and XRP! The Solution?It’s simple: Ripple needs to do a better job of communicating with its community if it wants to continue growing its ecosystem and attracting new investors. The team needs to provide regular updates on their progress and engage with their community on social media and other forums. Only then will investors feel confident putting their money into XRP. XRP is currently trading at around $0.30 per coin with a market cap of $13 billion. Some analysts believe that XRP could reach $10 per coin by the end of 2022, which would give it a market cap of over $1 trillion. That would be an extraordinary increase in value, but not out of the realm of possibility. After all, XRP is already one of the most popular cryptocurrencies on the market and has shown tremendous resilience in recent years. If Ripple can find a solution to their communication problem, there’s no reason why XRP couldn’t reach $10 by 2022.Toon Finance (TFT) Toon Finance, a relatively new player in the DeFi space, has already shown great promise with the successful conclusion of their stage 1 presale. Now that they are entering stage 2, the team’s main focus is on marketing and getting the word out there with a aggressive plan to put up 70 billboards. But they are not neglecting their product development side, making sure that their goal is to create the best protocol in all of WEB3.Toon Finance’s Road to Stage 2Toon Finance’s journey to stage 2 started with a very successful stage 1 presale, which showed that there is definitely demand for their product. Now that they are entering stage 2, the team’s main focus is on marketing and getting the word out there with an aggressive plan to put up 70 billboards. Additionally, they are also continuing to work hard on the product development side to make sure that their protocol is the best in all of WEB3. By doing this, they hope to achieve mainstream adoption and become the go-to protocol for dapps and DeFi projects. The Importance of Marketing in DeFi dominanceWith so many projects gunning for a slice of the DeFi pie, it is becoming increasingly difficult for any one project to stand out from the rest. This is where marketing comes in. Toon Finance recognizes that in order for them to become the dominant player in WEB3, they need to get exposure for their project and let people know about what they are creating. That is why their main focus right now is on putting up 70 billboards across key cities around the world. Additionally, they are also active on social media and are working on building strategic partnerships with other projects in the space. Toon Finance is definitely a project to watch out for in the coming months. With a strong focus on marketing and product development, they are well positioned to become one of the top protocols in WEB3. Be sure to follow them closely as they continue their journey towards DeFi dominance!In conclusion, no one knows for sure what will happen in the cryptocurrency world over the next few years—or even what will happen tomorrow. However, Decentraland (MANA), XRP (XRP), and Toon Finance (TFT) are all three coins that have shown a lot of promise and could see significant price increases by December of 2022. So, if you’re looking to invest in cryptocurrency, these three coins are definitely worth keeping an eye on!Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
