Sunday, September 25, 2022

Ethereum Coin Prediction 2022

Ethereum is the most well-known altcoin, and it’s much more than just another cryptocurrency for many investors and enthusiasts alike. And despite its rough first half of the year, experts predict it could still get back above $4,000 in 2022.

Ethereum’s native token, ether (ETH), has grown immensely in value since its creation in 2015. Launched by computer programmer Vitalik Buterin, ether has increased in price from $0.311 at its 2015 launch to around $4,800 at its highest late last year — with plenty of volatility along the way.

Ethereum dropped below $1,300 Monday morning for the first time since July but eventually climbed back above that threshold on Thursday afternoon. Even with the comeback, Ethereum is still down nearly 13% over the last week.

On Wednesday, the token reacted to the Fed’s announcement that it would hike rates by 75 basis points, but the impact was short and relatively small. Experts believe that’s because the market already expected that move, showing that the market is no longer surprised by the current economic climate. Even so, Ethereum prices are still low, signifying that the economic situation is still tough despite not being surprising. The token struggled to stay above $1,300 on Thursday afternoon.

A differentiating feature for Ethereum — unlike bitcoin and other cryptocurrencies — is its utility as a software network that allows developers to build and power new tools, apps, and NFTs. The blockchain-based software network has many uses and applications across the tech world, especially for gaming, music, entertainment, and decentralized finance (DeFi) — making it one of the most popular and widely-used cryptos this past year.

At an annualized rate, ether’s ROI is nearly 300%. That means early investors have nearly quadrupled their investment every year since the summer of 2014. Crypto prices are notoriously volatile, however, so financial experts say to only invest what you can afford to lose, and never at the expense of foundational goals like emergency savings and high-interest debt payoff.

Ethereum Price Prediction for 2022: Between $500 and $4,500

We asked several experts for 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.

Some experts have said ETH’s price will be even more volatile than bitcoin in the near future, mainly thanks to Ethereum's transition to a less energy-intensive version that insiders colloquially refer to as “The Merge.” Ethereum’s upgrade could make it more appealing and sustainable for widespread use, but until that happens, experts are waiting to see how investors and companies building their tech on Ethereum's platform respond to the changes.

Whatever happens in the near future, investors will need to see improved demand and functionality for ether’s price to continue rising in the long term. The blockchain now has considerable competition from similar platforms that are filling in its gaps while the Ethereum team works to transition to its second-generation updates. 

“Ethereum was the only show in town,” said Henri Arslanian, global crypto leader of the professional services firm PwC in an early 2022 episode of CoinDesk’s First Mover. 

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