Cryptocurrency Prediction 2022

The cryptocurrency market is highly volatile, and it is no surprise to anybody these days. While Bitcoin remains the most popular cryptocurrency, the rise of NFTs brought Ethereum to the big scene.

News and prices go hand-by-hand

Nobody is getting shocked nowadays by the recent news. The cryptocurrency industry has been quite shaky over the past few months and the most recent blow was made by Russian President Vladimir Putin, who might ban cryptocurrencies in The Russian Federation, following China in their attempts to cease any crypto activity.

While the leading coins immediately dropped in price, Tether/USDT remained stable. Surely, thats thanks to the fact that you can buy USDT and sleep well, since the project founders have backed the digital asset with real-world assets.

But what will Putins speech about crypto affect the coins?

Blockchain always stood up

The crypto market is among the most resilient in the market, with a string of successful projects and ventures that have sustained their operation even in the face of a long bearish trend. This makes perfect sense as cryptocurrencies are backed by large businesses and blockchain believers alike.

Crypto predictions for 2022

Bitcoin is expected to reach $100,000 towards the end of April for a number of reasons. It tends to increase in value during springtime, just as it did last year, and the latest reports from CNN confirm that this season will be no different.

Ethereum 2.0 is also expected within the next few months. This update will reduce transaction fees by a significant margin, and it could allow Ethereum to break the $10,000 price point. Still, even in the most conservative scenarios, it might hit $6,000 by the end of 2022

Altcoins finally making the cut

Altcoins have been a major topic of discussion. They seem to have been left in the shadows. Not anymore. BNB has spiked in 2021 and is about to do the same this year. Solana is finally predicted to reach $300 this year.

If Ethereum is the foundation for decentralized finance (DeFi), then Tether is the base asset of this ecosystem. While Tether is a stablecoin, it has been popular for over four years for its ability to function as an alternative to volatile cryptocurrencies such as Bitcoin and Ethereum. Because of its fame, Tether will definitely rise strong in 2022.

Cardano doesnt share the same good faith, though. While it might surprise some with good results, it is expected to remain relatively consistent. That isnt bad but in particular - its just a missed chance to invest in something more profitable.

Summary

Everyone is expecting Bitcoin to finally reach $100,000 in 2022. And while this topic might be the main one for many investors, we shall not forget the importance of Ethereum and altcoins which could shape the blockchain world in the next couple of months, and why not years?