2021 has been a crazy year in the crypto market, and just like you, many are wondering if this craziness will continue in 2022. There is no shortage of predictions in this regard, with some saying we will enter a supercycle of success of all-time highs and others saying the bear market is already here. While these opinions and predictions might not be absolute, the one absolute thing is the increasing market capitalisation of crypto.
Despite some hiccups at the initial part of the year, the crypto market really came on its own in August. In September last year, the market was red hot, with bitcoin and many other bluechip coins and tokens hitting ATH. This is all because crypto has become the area of interest for intelligent investors for its future applications and gains.
Predicting the price of cryptocurrencies in this highly volatile market is one hell of a task. Predicting the accurate future prices of coins sends a chill down the bones of any crypto experts and market gurus. It’s indeed a tough ask, but we at Blockwiz have based our predictions on solid research, analysis and taken into account the pulse of the community of the projects. So without wasting much time, let’s get straight into it.
Table of Contents
Bitcoin (BTC)
2021, for bitcoin, has been a landmark year in every respect. Be it Tesla accepting Bitcoin, El Salvador making it a legal tender, bitcoin hitting ATH of $68k or China banning it altogether. 2021 hasn’t been any short of actions for bitcoin in any regard. When it comes to bitcoin’s price action in the year 2022, we believe it will have a solid run this year too. We expect Bitcoin to reach an all-time high by mid-2022. It would be somewhere between $70k to $80 k. Several tech leaders who believe bitcoin to be the face of the crypto domain expects bitcoin to hit the magical figure of $100k.
Ethereum (ETH)
Ethereum also gained its steam in 2021. The price action of Ethereum shows a significant surge after the announcement of ETH 2.0. Ethereum is the most prominent smart contract-based blockchain with the highest TVL locked in its blockchain. A large chunk of Dapps and protocols that we see and use are built on top of the Ethereum blockchain. 2022 could see Ethereum reach its all-time high ranging somewhere between $5k to $6k.
Terra (LUNA)
Terra is disrupting the decentralised financial payment network by replacing the traditional payment stack on a blockchain. While the initial phase for Terra was challenging in terms of community adoption but ultimately, it made its way through. The price of the LUNA was on a rampage last year, and this year is going to be no exception. LUNA will ride a bullish trend throughout 2022; we will see a short term price surge, taking the coin to a higher point pegged at $150 with steep in-between price fluctuations.
Cardano (ADA)
Cardano is a decentralised blockchain platform that uses a proof-of-stake consensus mechanism and focuses on smart contracts. ADA has had an impressive run in the crypto market. The project has solid fundamentals with an excellent team and the massive backing of VCs. But somehow, these factors don’t seem to be translating into the positive price action of the coin. Since last September, the coin has been bleeding just after it hit the $3 mark. It is expected to trade somewhere between $4 to $5 at the year’s end.
Solana (SOL)
Solana investors had their dream run in the year 2021; the coin was priced just below $0.5 on Jan 2021. The coin showed astronomical appreciation in its price the entire year. Massive 40000% increase in its price as it closed on $170 by the end of the year. 2022 is the year where things get more interesting for SOL. It is expected that the price of SOL will become less volatile this year. If it stays steady and above the $200 mark, it may breach the mark of $400 in the latter half of the year.
Avalanche (AVAX)
Avalanche currently is the twelfth biggest cryptocurrency in terms of market capitalisation. It had a solid 2021 with a highly bullish performance, where its value appreciated by more than 3100%. This solid momentum in 2021 could be because of the partnership announcement of Deloitte with Ava Labs for launching a platform called “Close As You Go (CAYG). The indications are very strong that AVAX will continue its growth, and the bullish sentiments around it will continue. We predict AVAX will finish the year somewhere between $200 to $250. DeFi and NFTs adoption rate will be a detrimental factor.
Binance Coin (BNB)
The main objective of the introduction of BNB was to eliminate the problems related to trading in the cryptocurrency market. The strategic implementation has made BNB the largest crypto exchange token. BNB has had a fierce run start from its ICO days. The price dynamics of BNB can be better studied under Crypto Volatility Index (CVIX). Binance coin hits an all-time high in the year 2021, reaching $690. It showed slight correction but still maintained its bullish momentum. 2022 is also going to be interesting for 2022. Our short term BNB price prediction says it can reach $500 by this year, the expected high is $540 and the low is $470.
Polkadot (DOT)
Polkadot is a bluechip project by Web3 Foundation; its relay chain strives to bring its users the best in class functionalities in DeFi without compromising on user experience. The heavily anticipated para chain auction gave it’s token the expected pump last year in October and November. The price of DOT climbed up to $27 by the end of the year. It also saw a healthy correction of about 30% in January of 2022.
Based on our research and historical data, DOT price is expected to see an upward move in Q1 2022. The price of DOT will hover somewhere around $28 to $35 in this period. It will continue its bullish run and is expected to reach $40 in Q2. The analysis suggests a very optimistic scenario for the entire year. The ecosystem will grow in leaps and bounds, especially for the forthcoming alliances, by the end of the year. The price of DOT can breach the $50 mark by the end of the year 2022.
Winding Up
As you would imagine, 2022 will be an even bigger year for crypto and every Web3 project on various chains. Every project in this space is making significant inroads in the crypto space in a quest to make the internet more intelligent free of the control of the central authority. Every project we have mentioned is solving a very pertinent issue in space. Since almost all the projects are at their nascent phase, it has excellent potential for growth in the coming years.
Technology and the core problem that these projects are trying to solve has attracted savvy investors all across the globe. For them, it becomes a serious investment prospect. We at Blockwiz have tried being the utmost analytical in our crypto price predictions of this year, and everything that we put forth is backed with rigorous research. However, we warn these predictions not to be taken as investment advice and ask our readers to DYOR before taking the plunge into crypto investments.
