{"id":15707,"date":"2022-05-03T23:45:45","date_gmt":"2022-05-03T23:45:45","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15707"},"modified":"2022-05-03T23:45:45","modified_gmt":"2022-05-03T23:45:45","slug":"huge-2022-ethereum-price-prediction-comes-with-a-serious-bnb-solana-cardano-avalanche-and-polkadot-warning","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15707","title":{"rendered":"Huge 2022 Ethereum Price Prediction Comes With A Serious BNB, Solana, Cardano, Avalanche And Polkadot Warning"},"content":{"rendered":"


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Ethereum, the second-largest cryptocurrency after bitcoin, has seen its price swing wildly over the last year\u2014hampered recently by a searing attack from Twitter cofounder Jack Dorsey<\/a>. <\/p>\n

Subscribe<\/em><\/strong> <\/em>now to <\/em><\/strong>Forbes’ CryptoAsset & Blockchain Advisor <\/em>and successfully navigate the volatile bitcoin and crypto market<\/em><\/strong><\/a><\/p>\n

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 <\/p>\n

BNB<\/a>
\n , solana, cardano, avalanche and polkadot have seen similar volatility. <\/p>\n

Now, a panel of 36 industry experts has returned an ethereum price prediction of almost $5,800 by the end of 2022\u2014more than double its current level of $2,800.<\/p>\n

Want to stay ahead of the market and understand the latest crypto news? <\/strong>Sign up now for the free CryptoCodex<\/em><\/strong><\/a>\u2014A daily newsletter for crypto investors and the crypto-curious<\/strong><\/p>\n

MORE FROM FORBES<\/span>Elon Musk Mocks Legendary Investor Warren Buffett’s Attack On Bitcoin As The Price Slides-And Signals Further Dogecoin Support<\/span>By Billy Bambrough<\/span><\/small><\/span><\/span><\/a><\/p>\n

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The ethereum price has dropped over the last year as rivals such as Binance’s BNB, solana, cardano, … [+]<\/span> avalanche and polkadot win market share.<\/span><\/p>\n

SOPA Images\/LightRocket via Getty Images<\/small>
\n <\/figcaption><\/figure>\n

The panel, made up of 36 people from the world of crypto and put together by financial comparison website Finder<\/a>, 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. <\/p>\n

“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.”<\/p>\n

The ethereum price has rocketed over the last two years in part due to soaring interest in so-called decentralized finance (DeFi)\u2014using crypto technology to recreate traditional financial services without the need for a bank\u2014and 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.<\/p>\n

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\u2014now due for late 2022. <\/p>\n

Sign up now for CryptoCodex<\/em><\/strong><\/a>\u2014A free, daily newsletter for the crypto-curious<\/strong><\/p>\n

MORE FROM FORBES<\/span>‘World’s Dominant’ Coin-Legendary Bitcoin ‘Whale’ Reveals His Surprise Top Three Crypto Picks As Price Volatility Hits Ethereum And Others<\/span>By Billy Bambrough<\/span><\/small><\/span><\/span><\/a><\/p>\n

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The ethereum price has seen extreme volatility over the last 12 months though bullish price … [+]<\/span> predictions continue to forecast a recovery even as BNB, solana, cardano, avalanche and polkadot steal attention. <\/span><\/p>\n

Coinbase<\/small>
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“People have been waiting for [ethereum’s merge upgrade] for years,” said panel memeber and Thomson Reuters <\/p>\n

TRI<\/a>
\n technologist, Joseph Raczynski. “It should be far more secure, 99% more energy-efficient, and deflationary. If that isn’t the trifecta of potential, as a leading blockchain, I don’t know what would be.”<\/p>\n

Looking further ahead, the panel returned an ethereum price prediction of almost $12,000 by 2025, around four-fold its current price. <\/p>\n

“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.”<\/p>\n<\/div>\n


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Ethereum, the second-largest cryptocurrency after bitcoin, has seen its price swing wildly over the last year\u2014hampered recently by a searing attack from Twitter cofounder Jack Dorsey. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The ethereum price has lost around 43% since its peak of almost […]<\/p>\n","protected":false},"author":1,"featured_media":15708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[939,564,266,158,640,269,498,195,84,425],"class_list":["post-15707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-avalanche","tag-bnb","tag-cardano","tag-ethereum","tag-huge","tag-polkadot","tag-prediction","tag-price","tag-solana","tag-warning"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/1651621543_0x0.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15707"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15707\/revisions"}],"predecessor-version":[{"id":15709,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15707\/revisions\/15709"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15708"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15707"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}