Top 5 Crypto Price Predictions from Experts for 2022 And Beyond
A look into Crypto Future Price Predictions
A cryptocurrency is a digital currency that circulates without a central authority, like a bank or financial institution. They can be mined or purchased from crypto exchanges. The global crypto market capitalization has risen by 19 percent to $ USD 2.58 Trillion, at the beginning of May 2022. This is thanks to skyrocketing value of cryptos that has made them popular trading instruments.
Here now are the top 5 cryptos price predictions from experts for 2022 and beyond:
(1) BITCOIN (BTC)
Created in 2009 by an individual or group named Satoshi Nakamoto, Bitcoin is dubbed the mother of all cryptocurrencies. It is a digital asset whose ownership is recorded on the electronic ledger that is updated simultaneously across thousands of independently operated computers around the world, that are interconnected. The electronic ledger is what is known as Blockchain. This essentially means that Bitcoin relies on peer-to-peer software that is free from any central control or oversight by a central bank.
Bitcoin, with a market capitalization of $USD 887.99 Billion, has recently gained a major boost after Italian luxury brand Gucci announced that customers will henceforth be allowed to make payments using several cryptocurrencies, with the above-mentioned currency included. The service is set to be rolled out at some of its flagship outlets such as Los Angeles-based Romeo Drive and Wooster Street in New York. This announcement marks another step forward for the acceptance of cryptocurrencies by mainstream businesses.
Bitcoin finished the month of April down by 17 percent, making it the worst monthly performance in 2022. It has however recovered a bit in the first week of May after witnessing bearish pressure the week before. Currently trading at $ USD 35,000, Professional investors predict that tides will turn and that the favored forecast of $ USD 100,000 will become a reality. PayPal Co-founder Peter Thiel further predicts that Bitcoin will surpass the market capitalization of gold and eventually rival the value of the entire stock market.
(2) ETHEREUM (ETH)
It was first proposed in 2013 and brought to life in 2014 by Canadian-Russian programmer, Vitalik Buterin. Ethereum is a decentralized platform, open-source blockchain with smart contract functionality. It further features its currency dubbed Ether. The price of Ether has risen steadily over the years. In the first quarter of 2019, it was trading for $USD 107.57 and would later rise to $ USD 132.06 in the last quarter of the same year. It is currently trading at $ USD 2,548 which is a slight drop of 3.27 percent, as of May 2022.
With a market capitalization of $ USD 424.28 Billion, British multinational banking, and financial services company-Standard Chartered predicts that the price of the crypto would rise to the range of $ USD 25,000-36,000 by the end of the last quarter of 2022. The London-based bank is bullish on Ethereum as it serves as a facilitator of a larger platform hosting a variety of decentralized applications(dApps) and contracts, which constitute the Ethereum network. Ethereum 2.0 is a long-awaited upgrade to the Ethereum network that has promised significant improvements to the functionality and experience of the network as a whole.
(3) SHIBA INU(SHIB)
Shiba Inu is a meme cryptocurrency built on the Ethereum platform. It was created anonymously by a person or entity known as Ryoshi in late 2020. The dog-based meme coin has experienced a sharp increase in trading at more than 32 percent in the first week of May 2022 settling at $ USD 0.00002945 from $ USD 0.00002239. Furthermore, this has seen its market capitalization reach $ USD 15.5 Billion, putting it in the top 15 cryptocurrencies in capitalization.
However, It is estimated that about 50 percent of Shiba Inu investors have sold their coins and instead opted to buy Bitgert (BRISE)-A high utility crypto project. All is not lost though as Digital Coin Price predicts that Shiba Inu`s price per coin will rise to $ USD 0.00003192. Further, Wallet Investor projects that the long-term earning potential is over +95.80 percent, this, therefore, makes it a good investment in 2022 and beyond.
(4) SOLANA (SOL)
It was one of the hottest cryptocurrencies of 2021 and The Bank of America termed it the visa of the digital asset ecosystem since it can hold more than 65,000 transactions per second. Solana boasts a $ USD 43.77 Billion market capitalization, making it to be among the top ten largest cryptos by valuation.
Solana saw a rapid rise in value in the fourth quarter of 2021, trading at $ USD 260. It is the only crypto blockchain that utilizes proof-of-history (poH) consensus. The currency is however facing a sharp fall over the past 30 days. Crypto analysts say that the price drop could be due to the Federal Reserve System's influence on the money market which has sent shockwaves in the entire monetary ecosystem. Further, the analysts say that Bitgert has become the toughest competitor of Solana, having built a superior blockchain that has surpassed Solana's speed.
On the flipside, Solana launched a build your online store application on its blockchain, which allows users to create a storefront and accept low-fee, global payments directly into their wallets without the need for a bank or ATM card. Additionally, Solana has been listed on Robinhood, an American financial services company based in Menlo Park, California. This move, according to analysts, is likely to boost the crypto`s future price. Wallet Investor further predicts that based on their analysis, the currency could trade at $ 211.1 in 2023 and further jump to $ 687 by 2027. Digital Coin Price projects a slower pace of growth at $ USD 305 by 2028 and $ USD 421 by 2030.
(5) BITGERT (BRISE)
It is a crypto network that claims to be a zero-cost gas fee blockchain. Its ecosystem currently hosts a decentralized finance (Defi) protocol christened Knit Finance, a Non-Fungible Token (NFT) marketplace called Miidas Marketplace, and a decentralized exchange dubbed SPYNX labs. In February 2022, Bitgert launched its BRISE blockchain which relies on a system of proof-of-authority (poA) to support short block times and low fees. BRISE is the token of the Bitgert network.
According to data from Coinbase, Bitgert has increased by 35,488.63 percent since its launch. Further, it remains among the few coins that have remained bullish during bearish market conditions. The current price of Bitgert is $ USD 0.000001011 and crypto analysts see a potential of $ USD 0.0001 in the next few months because the Bitgert Roadmap V2 has a huge list of disruptive products. They have recently partnered with Centcex-a crypto project building an unlimited number of products that will be hosted in the Bitgert ecosystem. This, according to analysts, is one of the factors that will skyrocket the coin to $ USD 0.0001 price.
To sum it up, Cryptocurrencies have huge potential that is yet to be fully achieved almost ten years since the first digital currency came into fruition and it remains to be seen what the future holds.