Ethereum Price Prediction for 2022

It’s a new year and a lot of people are pressured to make financial decisions, and a lot of those involve investing in cryptocurrency and they want to know what coin is profitable, what coin has the most favorable APY, which coin will be the next big thing after Bitcoin?

For individuals looking to invest in Ethereum it is more of a by how much will it grow than a will it grow question because right now, Ethereum is the number two cryptocurrency after bitcoin, making it the number one altcoin and it has a market value of almost half of bitcoin and far precedes Binance coin (BNB) which is next in line. But considering that you should also know about stablecoins

Ethereum was launched in 2015 and initially sold for $0.31 although Ethereum gained awareness before then in 2014 when Buterin brought the concept of the blockchain project into public eye at a Bitcoin conference in Miami Florida. The project raised about 16 million USD from selling 50 million ETH through an initial coin offering (ICO) to fund the development of the project. In 2016, ETH traded for around 10 USD and in 2017 there was a bull run and in May 2017 the price of a unit of ETH had risen up to 400 USD and in 2018 the price reached 1,400 USD. Following that high, ETH proceeded to fall all the way back down near and below 100 USD in subsequent months. The asset eventually trended back upward, surpassing the 4,000 USD mark. In November 2021, the price of Ethereum (ETH) soared to new highs, reaching over 4,800 USD. In 2021, the price of Ether (ETH) increased, but for different reasons than Bitcoin (BTC). When a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH (roughly 69.3 million USD), Ethereum made headlines. The price of Ethereum has risen as a result of technological advancements that have sparked a lot of interest among traders. First, in April, the Berlin Update was released on the Ethereum network, with the goal of lowering transaction fees. The second event was the arrival in May of Uniswap V3, a smart contract protocol that was expected to improve Ethereum trading. Ethereum could reach $10,000 in 2022, a 150 percent increase, which is not out of the realm of possibility given its 400 percent increase in 2017 bull runs. Ethereum 2.0, which is on its way, could be a major catalyst for the rise. The mainnet of the blockchain is expected to merge with the beacon chain in 2022. This will fully transition Ethereum from a proof-of-work model to a proof-of-stake model. Billionaire Investor Mark Cuban predicts that the Ethereum blockchain will be a monster winner in 2022 as new apps are built on it. Even if he’s not right, Ethereum could still deliver solid returns in 2022.

What do experts think?

Standard Chartered issued a long-term Ethereum projected value target of 26,000-35,000 USD in September, as well as a rise in the value of the ETH/BTC pair to 0.161, bringing the ether capitalization to parity with bitcoin. According to Wallet Investor, Ether could reach $6,912 this year, surpassing $10,000 in 2024, and reach around $19,254 by the end of 2026. Nikolaos Panigirtzoglou, a JP Morgan cross-asset research analyst, has taken an unusual stance. Panigirtzoglou is pessimistic about Ether’s prospects in comparison to bitcoin, citing a drop in Ethereum’s market share in DeFi applications. He predicted that a significant increase in Ethereum network activity would not occur and that the current price would drop by 67%. Other experts predict that the average price of Ether will be around 6,380 USD this year, according to DigitalCoin. According to Price Prediction’s long-term Ethereum forecast, ETH could average 18,213 USD in 2025, up from a predicted 5,881 USD in 2022, and soar to 110,187 USD in 2030. Their prediction seems far-fetched, but we must consider the extreme volatility of the cryptocurrency market, which makes it possible for a coin to soar that high in a short time.

It is important to always keep the volatility of the cryptocurrency market in mind and to do your own research before you invest in cryptocurrency. Also, consider the latest market trends, news, and technical and fundamental analysis to help you make informed decisions.