position: Ethereum 2022: Will Ether outpace BTC and hit $10000 in 2022?
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What is your opinion on ETH flippeninng BTC in 2022?
According to CoinMarketCap Ethereum's 10-day average trading volume has more than doubled to 80% of Bitcoin since early 2021, as Bitcoin has seen more turbulence due to investor uncertainty over its volatility. Ethereum, or Ether, the second largest cryptocurrency in terms of market capitalization, saw $47 million in capital inflows, with a total inflow of $973 million, according to CoinShares data. Last week, after falling 41% last week. According to Coinbase, Ethereum's trading volume increased significantly in Q1 2021, with asset growth primarily driven by institutions. Ethereum is not only the second largest cryptocurrency on the market. It is also the second most popular cryptocurrency for trading. Ethereum's market cap previously peaked at $443 billion and dropped to $200,000 during the May decline. before recovering to $320 billion at this time. Bitcoin's annual return is 28%, while Ethereum's yearly return is 272%. However, Ethereum's price remains 37% below its all-time high of $4,383. An analyst at CoinShares, a Jersey-based digital asset investment firm. Wrote in a recent digital asset fund flow report, “Ethereum continues to have an influx of $33 million in investment products [over the past week], remains the altcoin of choice for investors.” Non-Bitcoin Alternatives) Mike McGlone, senior commodities strategist at Bloomberg, wrote in his latest report, “Both [Bitcoin and Ethereum] have good support. But the foundation and implementation of [Ethereum] is a stronger complement than [Bitcoin's] micro-value machine.” Now, there is some talk that Ethereum could topple Bitcoin in the future. It points out that Bitcoin will eventually lose its position as the number one cryptocurrency as other cryptocurrencies with greater technology and technological mobility become more popular among investors for which Ethereum has that potential. Tegan Kline, co-founder of blockchain software company Edge & Node, told Bloomberg that "[Ethereum] is likely to outpace Bitcoin in the future as Ethereum will prevail in innovation and developer interest." In addition to better technology, Ethereum will undergo major changes that will save 99.5% of its current energy consumption. Unlike Bitcoin, it is facing allegations that mining uses a huge amount of energy and causes global problems. hot As the world shifts towards more green economy and investment Green crypto technology like Ethereum is sure to attract more investors' attention.
What is your price prediction for 2022 for ETH and what for BTC? On what do you base that?
I predict that by 2022 BTC could reach $100,000 and ETH price will only be around $10,000 and BTC will continue to lead the cryptocurrency market.
What is your prediction for ETH/BTC ratio? Currently its around 0.08 BTC per one ETH. Justify your answer.
I predict that next year the price of ETH/BTC will be $0.1 and this proportion is expected to remain constant. because with BTC has more charm ETH is truly the center of decentralization. No control like ETH
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.