Ethereum is an exciting asset, but its price prediction 2022 is far from a sure thing. The crypto market is highly volatile, making it difficult to make accurate predictions. Although it is likely that ETH won’t reach new highs this year, the cryptocurrency has huge potential for long-term growth.
The current price of Ethereum is about $310, but some experts believe that it will go higher than that. One such expert is Tyler D. Coates, co-author of Hyperwave Theory and host of Sawcruhteez Streamz. Coates believes that Ethereum has bottomed out and will hit $360 by the end of the year. Vaibhav Kadikar also believes that Ethereum will decouple from Bitcoin and reach a high of $360 by the end of the year.
There are several factors that may cause Ethereum to go higher in the next few years. One of them is the global macroeconomic environment. Most asset classes have declined in the first half of 2022. Investors should look for signs of improvement in the +DI (green) indicators before taking long positions. Another factor is the looming NFT wave. While it is not clear if it will affect the Ethereum price, Vitalik Buterin has expressed concerns about overexuberant NFT trading. Many NFT marketplaces are valued in Ethereum, and a decline in this wave could lead to a sell-off in the Ethereum price.
The current global economic climate is extremely unpredictable, with rising interest rates, the conflict in Europe, and China’s economy yet to fully recover. Nevertheless, Ethereum’s price is likely to rise over the next couple of years, pumping even higher by the end of the decade. DAOs, or distributed autonomous organizations, are becoming increasingly popular as a means of financial transactions. They work in a decentralized manner, enabling a much more democratic way of conducting business.
