If you deal with the world of cryptocurrencies and price forecasts, you will notice that if you had invested during the right time window, extraordinarily high profits would have been possible in the past. If you invested in Bitcoin in 2015, you would probably have become a millionaire in April 2021 with the appropriate investment sum. The fact that people naturally like to ask which cryptocurrency will explode may not come as a surprise. In the end, it’s all about what the cryptocurrency forecast for 2022 looks like and which cryptocurrencies should you invest in before it goes steeply up? Read this article till the end to know about the predictions of your favorite cryptocurrencies for 2022.
Over the past few months, the price of bitcoin has fallen by 41% from an all-time high of $68k to less than $40k. However, these price fluctuations did not surprise experienced BTC holders, who, after a sharp rise to $20,000 in 2017, witnessed a drawdown below $4,000 in subsequent years. With great headlines such as “Microstrategy continues to buy on the dip” and “El Salvador continues to replenish stocks”, Bitcoin seems to have every chance to break even its records of 2021. Some experts have suggested that it could exceed the $100,000 mark as financial institutions, large corporations, and governments are actively acquiring and using this type of currency.
Ether, which is called the NFT blockchain by those who just joined cryptocurrencies in 2021, lost 40% in price – from $4.8 thousand to less than $3 thousand. As with bitcoin, ETH holders who experienced the cryptocurrency winter in 2018 remember that in 2017, ETH rose to $1,400 and fell below the $200 mark in the following months. Despite this, NFTs continue to develop and gain popularity, and Ethereum 2.0 is just around the corner – just a little bit, and the air will once again soar to its previous heights. Many believe that by 2025 we will see five figures (more than 10 thousand dollars), and some do not exclude the possibility of growth to $ 20,000 and above.
The price of XRP topped $1.80 before dropping 65% to $0.60. XRP is one of the few cryptocurrencies that continues to be in the top 10 four years after the huge popularity of the ICO in 2017. Although Ripple is busy litigating with the SEC, XRP is one of the most time-tested cryptocurrencies in the world. Price predictions in the XRP community fluctuate a lot, with some believing that it is unlikely to exceed $5 before 2025, others that it will break the $10 threshold and possibly reach $20.
From an average value of less than $0.03 at the end of 2020, the MATIC cryptocurrency rose to almost $3 after the past Christmas holidays. After 30 days, she lost about 50% in value. Polygon is a next-generation blockchain that offers second-layer scaling solutions that enable high transaction throughput. As more users begin to discover cryptocurrencies, the demand for Polygon’s services increases. According to investors who believe in the growth of MATIC, the price could reach $10 over the next five years and possibly even exceed $20 by the end of the roaring 2020s.
The price of ADA jumped to almost $3, but fell below $1 by early 2022. Despite the Alonzo hard fork and several new projects in 2021, Cardano continues to struggle for popularity. New projects don’t get the attention they deserve from a mainstream audience, which is why most experts believe that over the next five years, ADA will cost less than $5 with the potential to go up to $10. Others believe that it could fall below the $1 mark if the ecosystem does not receive public recognition.
In 2021, Litecoin slightly exceeded its 2017 high and almost got to the $400 mark. The price of Litecoin then dropped by 75%, dropping below $100. Once this token was called digital silver, and its fate is relatively calm compared to the fate of analogues. Despite this, the team continues to improve the network to increase speed, reduce cost, and generally improve security, which makes the platform quite attractive. However, the project is unlikely to expect popular love. Experts predict moderate growth over the next 5 years and eventually trading between $200 and $300.
A simple joke has turned into one of the most popular and valuable cryptocurrencies in the world. Thanks to a cute talisman and the support of Elon Musk, in 2021 the price of the DOGE token reached an almost all-time high of $0.70. There are no prerequisites for stopping growth, although at the moment the coin is trading 80% below its historical highs. Due to Tesla’s recent adoption of the coin as a form of payment and Musk’s regular tweets, many experts believe that DOGE could top $1 as it grows in popularity.
Not inferior to DOGE, SHIB also shot up in 2021 and reached $0.00008 after a long stay below $0.00000004 in early 2021. As for celebrities, this project is related to Vitalik Buterin, who burned 410 trillion SHIB tokens. He has also donated a significant amount to SHIB to fight the pandemic, of which $100 million has recently been returned. Thanks to these actions and Vitalik’s connection with the project, in 2022 we can see the continued growth of SHIB.
BNB has many uses within Binance and beyond. In 2021, the price of BNB almost crept up to $700, but after that it fell by more than 40% to below $400. Despite this, it is important to understand that as the BNB cryptocurrency grows, it will continue to play an important role for those who want to buy, sell and trade cryptocurrencies. The token is used to pay transaction fees, travel, credits, rewards, and more. Its future looks promising as the uses and the industry as a whole continue to expand. According to experts, BNB has the potential to exceed $1,000, and some even believe that the price will rise to $2,000 in the next 5 years.
The collapse of the cryptocurrency market, which began with the advent of 2022, did not surprise those who had already spent some time in the field of cryptocurrencies. The current situation is somewhat similar to what happened in 2018. However, it is not yet clear whether we should expect the start of a new crypto-winter or whether the cryptocurrency will be able to regain its positions during this year.
However, with the development of blockchain technology and cryptocurrencies and the emergence of new products, features and capabilities, widespread adoption of cryptocurrencies is becoming more likely.
With the current global situation, the overall demand for cryptocurrencies is likely to rise as people add this new kind of asset to their investment portfolios and acquire them to carry out blockchain transactions. The total market capitalization of cryptocurrencies has nearly surpassed a peak in 2021 of $3 trillion. BTC has every chance of surpassing the $100,000 mark and becoming digital gold, which will affect all other cryptocurrencies that are necessary for the functioning of critical infrastructure and people’s lives in general.
* Disclaimer: Pricing and statistics information (“Forecasts”) is provided in this article for reference only. Forecasts are provided for general information purposes only and are subject to change without notice. Predictions do not constitute an offer of any Binance products or services. Forecasts do not constitute, and should not be construed as, investment advice or recommendations, or investment or other strategy advice or recommendations. Your actions or omissions based on any aspect of the Forecasts must be subject to known and unknown risks and uncertainties. Forecasts and investments made based on any part of the Forecasts may result in losses. You must make the final decisions yourself. You are solely responsible for any action or omission based on the Forecasts.