Ethereum, the second-largest cryptocurrency after bitcoin, has seen its price swing wildly over the last year—hampered recently by a searing attack from Twitter cofounder Jack Dorsey.
The ethereum price has lost around 43% since its peak of almost $5,000 per ether set late last year. Meanwhile, smart contract rivals BNB
Now, a panel of 36 industry experts has returned an ethereum price prediction of almost $5,800 by the end of 2022—more than double its current level of $2,800.
ווילן צו בלייבן פאָרויס פון די מאַרק און פֿאַרשטיין די לעצטע קריפּטאָ נייַעס? צייכן אַרויף איצט פֿאַר די פּאָטער קריפּטאָקאָדעקס-א טעגלעך נוזלעטער פֿאַר קריפּטאָ ינוועסטערז און די קריפּטאָ טשיקאַווע
די טאַפליע, וואָס איז קאַמפּרייזד פון 36 מענטשן פון דער וועלט פון קריפּטאָ און צוזאַמען דורך פינאַנציעל פאַרגלייַך וועבזייטל מעסטער, has returned a lower average ethereum price prediction for the end of 2022 than it did in January, revising down the year-end price target by just over 10% due to emerging competition from rival blockchains such as BNB, solana, cardano, avalanche and polkadot.
“Ethereum is at a very uncertain place in its journey at the moment,” Keegan Francis, Finder’s cryptocurrency editor, said in a statement. “Ethereum is currently losing DeFi market share to its competitors, although it still remains dominant by a huge margin … I don’t think ethereum will be the second cryptocurrency forever.”
The ethereum price has rocketed over the last two years in part due to soaring interest in so-called decentralized finance (DeFi)—using crypto technology to recreate traditional financial services without the need for a bank—and the ongoing non-fungible token (NFT) craze that has been adopted by the world’s of music, sport and gaming and is largely built on the ethereum blockchain.
However, a long-awaited ethereum upgrade, designed to help the network scale, reduce its sky-high fees and ease its carbon footprint, has again been pushed back—now due for late 2022.
צייכן אַרויף איצט פֿאַר קריפּטאָקאָדעקס-א פריי, טעגלעך נוזלעטער פֿאַר קריפּטאָ-טשיקאַווע
“People have been waiting for [ethereum’s merge upgrade] for years,” said panel memeber and Thomson Reuters
Looking further ahead, the panel returned an ethereum price prediction of almost $12,000 by 2025, around four-fold its current price.
“Until ethereum upgrades its systems and fulfills its promises to scale, I do not have long-term confidence in the network,” said Francis, but adding, “I still think people will buy the token out of hype, promise and potential.”
Source: https://www.forbes.com/sites/billybambrough/2022/05/03/huge-2022-ethereum-price-prediction-comes-with-a-serious-bnb-solana-cardano-avalanche-and-polkadot-warning/