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BITCOIN AND ETHEREUM WILL RISE THIS YEAR
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BITCOIN AND ETHEREUM WILL RISE THIS YEAR
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Experts Predict How High Ethereum’s Price Could Go in 2022, a ‘Make-or-Break Year’
Ethereum Price Prediction for 2022: Between $500 and $4,500
We asked several experts their ethereum price forecasts, and the general consensus is ETH could once again break $4,000 in 2022. And a recent ethereum price prediction by Bloomberg intelligence analyst Mike McGlone has it ending the year between $4,000-$4,500.
Now would be a good time to note that each expert we spoke with qualified their ethereum forecasts by saying it is nearly impossible to predict with certainty. The crypto news outlet Coinpedia predicted ETH could end 2022 between $6,500 and $7,500 if the same bullish upswing that started in mid 2021 were to continue. However, 2022 brought a bearish downturn in the crypto market, making it clear that ethereum’s price is not going to rise from sentiment alone. Indeed, Coinpedia has since adjusted its prediction for 2022 to $2,500.
Ether could be in for another big crash this year, with its price dropping to as low as $500. Crypto market analyst Wendy O expects ETH to drop as much as 85% from its all-time high of $4,800, which would lead it to around $750. Venture capitalist Kavita Gupta says ETH could fall as low as $500 if the broader market sell-off deepens.
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Expert Bitcoin Price Predictions: From $10K to $28K in 2022, and Beyond
Bitcoin Price Predictions for 2022: Between $10,000 and $28,000
Bitcoin’s price is extremely difficult to predict and even more susceptible to market factors than more established asset classes. But we decided to ask some experts for their best guesses for 2022 anyway.
It’s been a brutal first half of 2022 for crypto, as well as the stock market. Investors have turned away from risky assets in a time of a slowing economy, higher inflation, and rising interest rates. Given that Wall Street is in a bear market and experts expect it to last for a few more months, bitcoin could make its way back up to $28,000 by the end of the year, according to an analysis from Deutsche Bank. Meanwhile, a 53-expert panel reported by Finder expects bitcoin’s price to reach at least $25,000 by the end of 2022.
But one expert isn’t convinced bitcoin has hit its lowest price of this year yet. Crypto market analyst Wendy O expects bitcoin to drop as low as $10,000 since it has a history of correcting as much as 85% in past bear markets. The largest crypto hit an all-time high in November 2021 at roughly $68,000, so an 85% correction would lead it to around $10,000, says O.
#bitcoin #ethereum #crypto
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DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational purposes only. I'm just showing you how I invest and day trade, but remember that investing of any kind involves risk. Your investments are solely your responsibility and not mine.
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