Despite the recent price plunge experienced in the first week of January, the price prediction for the large cryptocurrencies still looks good. However, there will be a lot of dynamics that will come into play that will greatly determine whether these predictions will be realistic.
The development of individual cryptocurrencies will be crucial. However, there could be emerging new coins in 2022 that might shock the market as Shiba Inu did. Here are some of the price predictions for 2022.
Ethereum is one of the cryptocurrencies with proven longevity in the market mainly because of its token utility. The price prediction looks good as most people believe the coin might reach $8000 by the end of 2022. This means increasing more than 100% of its current value.
Despite the current plunge, Ethereum still has one of the exciting 2022 roadmaps. The Ethereum 2.0 upgrade is one of the biggest developments expected to eradicate most of Ethereum's blockchain problems. With a faster, secure, and cheaper blockchain, Ethereum might attract more users and investors. That's how its market value and price will grow.
Bitcoin is predicted to reach $100,000 by the end of 2022. This may appear ridiculous, but it is possible considering the coin pushed up to $68,000 in November 2021 from around $32k in January 2021. Bitcoin might have dropped to $40k during the first week of January, but it still has massive potential to grow in 2022.
The biggest reason why Bitcoin might reach $100k is the continued snatching of the gold share. There are more people buying Bitcoin as storage of value other than gold. The increasing adoption of Bitcoin as a currency for payment in the real world might also make the coin grow. There will also be a rush to buy Bitcoin when the marker starts gaining, and this might be the coin bullish.
Shiba Inu falling from over $18 billion in valuation to $15 billion, has hit the coin price very hard. The coin was also not doing very well in the market by the end of the years. But this has not stopped investors from seeing the huge potential in this coin.
According to CryptoPredictions.com, it predicts that Shiba Inu will have crushed at least one zero and reach $0.0001 by the end of 2022. Despite the marketing strategies the team is working on, many developments are happening at Shiba, including the Doggy DAO launch.
When the cryptocurrencies that could completely disrupt the crypto industry are listed, Bitgert tops the list. This is because this slightly 5-months-old DeFi project builds an incredible DeFi ecosystem that will revolutionize the industry. The most exciting thing about Bitgert is the zero gas fee blockchain that will be secure, faster, and user-friendly.
The price prediction for Bitgert is that it might crush one or two of its current 6 zeros. The current price of Brise is $0.000000398. ViisitBitgert website for more.
Centcex is the youngest cryptocurrency on this list and one of the fastest-growing in 2022. The cryptocurrency launched in mid-November 2021, and the objective is to create secure and user-friendly decentralized applications. Centcex coin was growing exponentially when the rest of the market was plunging.
The current price of the Centcex token (CENX) is $0.002352, and the crypto community believes the coin might kill one or two of the zeros in 2022. The project has incredible projects and very attractive staking rewards. Here is Centcex website for more info.
Binance Coin remains one of the highly potent coins in 2022. The coin gained roughly 1300% in 2021and this shows how much the coin can gain this year. Experts predict that the coin might reach over 100% in 2022. According to analyticsinsight.net, the Binance might reach $997 by the end of 2022.
Binance coin is currently trading at $439 at the time of this writing. The rising demand for the Binance exchange and the Binance Smart Chain will be key drivers of the BNB price surge in 2022.
Dogecoin is another cryptocurrency with a huge potential to breakout in 2022. The coin is currently trading at $0.151 and could do just like it did in 2021. Dogecoin was trading at $0.007 in January 20211 and pushed to reach an all-time high of $0.7381. However, this was followed by a drop up to today's price.
With the current Dogecoin massive Twitter and Reddit following plus the celebrity influence like Elon Musk and Snoop Dogg, Dogecoin might be one of the bullish coins of 2022. According to walletinvestor.com, they have put the price of Dogecoin (DOGE) at 0.4 at the end of the year.
These price predictions are based on the cryptocurrency's previous performance and the utility the project offers. However, the market is very volatile, and things change very fast. Therefore, extensive research is good before investing based on predictions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.