If you have been wondering how the crypto space is expected to go this year, check out these crypto predictions for 2022.
Ethereum (ETH)
Ethereum gained momentum during 2021, and it is crucial to note how its price value increased once the ETH 2.0 upgrade was announced to be released.
This improvement effort is scheduled to be continued in 2022, which analysts believe will be one of the primary factors leading to an ETH price increase – up to $6,000 by the end of 2022.
Billionaire investor Mark Cuban recently stated that he believes Ethereum has a greater potential for growth than Bitcoin.
Binance Coin (BNB)
Binance Coin is one of the most popular cryptocurrencies today, with a daily trade volume of more than $1 billion.
However, the greatest threat to it is extreme volatility, with some analysts predicting that values will plummet.
Nonetheless, some bullish analysts believe Binance will surpass $1,000 by the end of 2022.
Solana (SOL)
Although the Solana coin price began to rise in February, it was not as affected by the late-spring fall as ETH and BTC.
Following a rather sluggish climb in June and July, its value burst through in mid-August and continued to rise until mid-September.
Experts believe that by 2022, SOL prices will be more steady, reaching $300 or perhaps exceeding $400.
The Dogecoin cryptocurrency (DOGE)
Back in 2020, some analysts predicted the reason for DOGE’s quick climb and, as a result, claimed DOGE is a worthwhile long-term investment.
In 2022, the cryptocurrency is expected to reach $0.27 by the end of the year and $0.3 by the beginning of the year.
Shiba Inu (SHIB)
Shiba Inu jumped in May but was swiftly pulled back by DOGE.
However, in June of this year, cryptocurrency began to clear its way to the top.
According to certain analysts, SHIB will hit $0.00007698 by June 2022 and $0.00008267 by the end of the year.
Terra (LUNA) Experts predict that the average price of LUNA will exceed $105 by 2022, with a maximum price value of more than US$120.