Cryptocurrency has become one of the hottest topics in 2021 and it will explode even more in the next year. Although it is a bumpy and rocky road, there are always a lot of opportunities for crypto enthusiasts. So, what will the crypto market look like in 2022?
Bitcoin
The Bitcoin price is likely to rise higher because of some factors, such as greater acceptance by businesses and growing demand from Bitcoin ETFs. According to the predictions of market analysts, BTC may hit $100.000 by the end of 2023. Some even believe that Bitcoin can reach the mark within the first quarter of 2022. Now, after a prolonged drop, the Bitcoin price is showing signs of going up. At the time of writing, the Bitcoin price is $49.361.
Ethereum
Ethereum has been showing positive signs throughout 2021, especially after the ETH 2.0 upgrade was declared to be launched, its price skyrocketed. This upgrade project is expected to continue in 2022, which experts believe is one of the main factors leading to the ETH price increase next year. Some forecast specialists predict that Ethereum price could increase by more than $6,000 by the end of 2022.
Binance Coin
One of the key reasons why Binance is so popular today is that it holds up to 1 billion trading volume daily. Cryptocurrencies are constantly fluctuating and BNB is no exception. Although it has consistently maintained its position as the third largest cryptocurrency, the price could still fall. However, experts predict that Binance could cross the $1000 mark by the end of 2022.
Solana
Solana coin price only started to rise again in February when the entire crypto market was mooning. Unlike other cryptocurrencies, SOL didn’t feel the fall in late spring as strongly as ETH and BTC. After a rather slow increase in June and July, its value broke out in mid-August and continued to rise until mid-September. By 2022, experts have forecast that the price of SOL may become more stable and reach 300 USD or even over 400 USD.
Dogecoin
Analysts say DOGE may remain in the baggage of volatility, so traders need to keep a close eye on their investments. Last year, when analysts predicted the reasons behind DOGE’s sudden rise, they concluded that DOGE is a worthy long-term investment. DOGE is estimated to surpass US$0.27 by the end of this year and reach US$0.3 by early 2022.
Reference: Analyticsinsight