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Ethereum Price Predictions
Ethereum is the most popular alternative cryptocurrency, but to its many supporters, it represents much more than just another digital asset. Although it had a rough start to the year, experts predict it will bounce back to over $4,000 by 2022.
Since Ethereum's inception in 2015, the value of its native commodity, ether (ETH), has surged. Ether's value has risen dramatically over the past several years. It started out at about $0.311 in 2015 and peaked at almost $4,800 at the end of 2017.
Ethereum's ability to encourage and stimulate the development of new apps, tools, and NFTs sets it distinct from other cryptocurrencies. If you would like to know how to buy Ethereum, The blockchain-based technology network has been one of the most talked-about & widely-used cryptocurrencies this year because of its widespread potential uses in areas as disparate as gaming, entertainment, music, and even decentralized finance (Defi).
Much like bitcoin, Ethereum is having a rough time closing out the year.
The price of Ethereum has been steadily decreasing since FTX's bankruptcy filing was made public on November 11. FTX was formerly a significant participant in the cryptocurrency sector and a market leader in terms of expansion.
Predicted Ethereum Price in 2022: $500 - $4,500
We conducted a survey to gauge the perspectives of a variety of industry experts on the potential trajectory of Ethereum's price, and they all appear to be in agreement that the price of ETH might rise beyond $4,000 once more in 2022. Despite this, Bloomberg Intelligence Officer Mike McGlone recently forecast that the price of Ethereum will end the year anywhere between $4,000 and $4,500.
It is important to note at this moment that all of the industry professionals we interviewed qualified their forecasts regarding the price of Ethereum by stating that they were exceedingly unsure. The cryptocurrency news source Coinpedia predicted that the price of ETH might conclude 2022 somewhere between $6,500 and $7,500 if the positive upswing that began in the middle of 2021 continues. In light of the fact that the cryptocurrency market had a decline in 2022, it is obvious that the price of Ethereum will not increase just due to increased optimism. Indeed, Coinpedia has updated its prediction for the worth of bitcoin in 2022 to reflect the current price of $2,500.
There is a possibility that the price of ether may fall below $500 or even lower before the end of this year. After reaching a new all-time high of $4,800, market expert Wendy O forecasts that the price of Ethereum will plummet to about $750. Kavita Gupta, an entrepreneur who works in venture capital, believes that the price of Ethereum might go below $500 if the current market downtrend continues.
Predicted Ethereum Price in 2023: $2,400-$5,100
The timely release of Ethereum's significant upgrade in September and changing investor opinion on risky assets in the face of economic uncertainty are two main variables predicted to impact the direction of ether's value in the next year.
All nodes CEO and co-founder Konstantin Boyko-Romanovsky thinks ETH will hit $5,000 after the update. If the network experiences a decrease in congestion & gas prices and more acceptance following its big upgrade, Coinpedia thinks ETH will begin 2023 on a strong note over $3,000. ETH might reach roughly $2,400 by the end of 2023 if the network fails to attract acceptance after the upgrade or if the crypto market remains collapsed. When 2023 ends, ETH may be worth $2,600, according to Coin Price Prediction.
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