Cryptocurrency price

Cryptocurrency Price Prediction for 2022

Over the past decade, we have seen massive changes in the cryptocurrency industry.

Bitcoin, for example, has gone from an interesting experience for a traditional investor portfolio to a new asset class and digital gold.

Bitcoin (BTC)

Several factors are supporting higher Bitcoin prices, including better acceptance by traditional businesses and the growing demand for Bitcoin ETFs.

Experts say Bitcoin has the potential to surpass $ 100,000 by the end of 2023, but some analysts argue that this target could already be met by the end of the first quarter of 2022.

Several others are still cautious about picking a specific date or year and expect Bitcoin to not hit more than $ 70,000 by the end of 2022.

Carol Alexander, a professor of finance at the University of Sussex, said she expects Bitcoin to hit $ 10,000 in 2022, wiping out virtually all of its gains over the past year and a half.

Ethereum (ETH)

Ethereum also generated its momentum throughout 2021 and it’s important to recognize how its price value jumped following the announcement of the launch of the ETH 2.0 upgrade.

This upgrade project is also expected to continue in 2022, which analysts say is one of the main factors that will cause ETH prices to rise – up to $ 6,000 by the end of 2022.

Billionaire investor Mark Cuban recently said he sees more growth potential from the use of Ethereum than from Bitcoin.

“I like Eth / L2 more and there is no point in discussing the Trilemma, halving or inflation,” he said.

“I love it more because I can see an unlimited number of apps that will forever change the world of business and consumers.

“And to use them, you have to buy Eth / L2. BTC does not have this request.

Binance Coin (BNB)

Over $ 1 billion in daily trading volume makes Binance Coin one of the most popular today.

However, the biggest threat to it is huge volatility, as some analysts argue that prices could plunge.

Still, some bull experts predict Binance could cross the $ 1,000 mark by the end of 2022.

Solana (SOL)

The price of the Solana coin may have started growing in February, but it didn’t feel the crash that occurred in late spring as hard as ETH and BTC.

After a fairly slow rise in June and July, its value peaked in mid-August and continued to increase until mid-September.

By 2022, experts predict that the price of SOL could become more stable and reach $ 300 or even $ 400.

Dogecoin (DOGE)

In 2020, some analysts predicted the reason for the sudden increase in DOGE and therefore claimed that DOGE is a worthy long-term investment.

As for 2022, the crypto is expected to exceed $ 0.27 by the end of this year and reach $ 0.3 by the start of the year.

Shiba Inu (SHIB)

SHIB surged in May but was quickly pushed back by DOGE.

However, in June of this year, the crypto started to make its way to the top.

According to some experts, SHIB is expected to reach $ 0.00007698 by June 2022 and $ 0.00008267 by the end of the year.

Terra (LUNA)

Experts argue that the average price of LUNA could cross the $ 105 mark by 2022, with a maximum price value of over US $ 120.

Cardano (ADA)

The ADA token has increased by around 600% since the start of the year.

Many market analysts believe its price will cross $ 2.00 in the first quarter of 2022 and climb all the way to $ 3.00.

Polkadot (POINT)

Technical analysis shows that DOT prices may rise as its creators develop their own blockchain platform and pave the way for it to enlist in major cryptocurrency exchanges around the world, driving prices up to ‘at $ 60.00.

Cosmos (ATOM)

Marcus Sotiriou, analyst at GlobalBlock, a UK-based digital asset brokerage, said the top performing Layer 1 altcoin in 2022 could be Cosmos (ATOM), due to the significant adoption of major assets currently. , like Binance Chain, OkEx, Crypto.com, Terra (LUNA,) Binance Chain (BNB), Crypto.com (CRO), OkEx Chain (OKEx) and Thorchain (RUNE).

Avalanche (AVAX)

AVAX technical analysis and price prediction reveal that in 2022, the coin could cross the $ 130 mark on average.

Steve Ehrlich, CEO of the Voyager Digital cryptocurrency platform, said the markets are just starting to notice that scale, speed and efficiency are already present and flourishing with Avalanche.

“As other platforms grapple with the ramp-up, there will be investors and users flocking to platforms that can handle the throughput,” he added.


Source link