As usual, there are many predictions about the price of cryptocurrencies in 2022.
Cryptocurrency Price Forecast 2022
First of all, there are those about the price of Bitcoin, because it is the reference price that can also influence the price of all other cryptocurrencies.
In the case of BTC, at least two different projections are centered on the assumption that its price could reach between $90,000 and $100,000 in 2022.
One of them was produced by a panel of experts from Finder.com, whose average prediction shows a maximum price of $93,717 and a final price of $76,360. Since it is an average of 33 different forecasts, it can be used as a reference, especially in terms of expectations.
The other comes from Bloomberg, which reports that the price of Bitcoin could reach $100,000 in 2022 as the recent correction will make the asset stronger. They believe that the current phase could be a period of consolidation on the path to becoming a global digital security.
However, it should also be added that in the short term, many analysts claim that the price could fall further below $30,000, although this hypothesis has been circulating for a few days and has not yet materialized.
According to XTB's Cryptocurrency Market
Regarding the fact that the cryptocurrency market is doing well in 2022, it is worth mentioning the predictions of the XTB exchange. According to their predictions, 2022 could be a breakthrough year for the cryptocurrency industry, despite the uncertain start.
Crucially, the bullish trend in 2021 is likely to continue this year following an ongoing consolidation phase due to the growth in cryptocurrency adoption.
The forecast does not give any indication of prices, but combined with previous forecasts, it seems to reinforce the assumption of growth this year.
Bitcoin, ethereum and Caldano expected to see a year of growth
Coinbase has also released positive predictions for 2022, especially regarding Ether.
According to Surojit Chatterjee, Coinbase's chief product officer (CPO), the move to ETH 2.0 and the proliferation of second layers on Ether should further develop the network, which is already gaining traction in 2021.
Given that ETH is the de facto utility token of the ethereum network, it is not surprising that there is speculation that the price will rise in 2022.
ADA (Caldano) also has a positive forecast. In fact, according to many experts, further development of DeFi and NFT could benefit ADA's price to the point that some venture that it could regain the third position in market capitalization, thus weakening BNB.
However, it is worth adding that the most common expectations in the cryptocurrency market are often overlooked. Therefore, if, after the consolidation phase of the last two and a half months, on the one hand, positive forecasts are currently rising sharply, on the other hand, a possible over-optimism may generate the ideal conditions for reversing the same expectations.
Even the least optimistic of analysts familiar with the cryptocurrency market claim that the price of bitcoin is unlikely to fall below $29,000 or $28,000 at this stage, which helps spread some optimism. If this optimism doesn't lead to a real price increase in the coming weeks, then excessive pessimism could take over, which could drive prices down further.
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