by Analytics Insight
January 10, 2022
Price Prediction for Ethereum (ETH), Shiba Inu (SHIBA), Avalanche (AVA), Polkadot (DOT) and EGC.
Ethereum, the world’s second biggest cryptocurrency has fallen to a $367 billion market cap after seeing 400% returns in 2021. 2021 was a difficult year for the project, which lies at around 50% the value of its main rival, and the world’s largest crypto, Bitcoin.
Ethereum secretly split their chain 5 months ago, because of a bug affecting network security. It also continues to frustrate users because its transfers are slow and its fees are very high.
With all this negativity, is Ethereum worth buying and what is the Ethereum price prediction for 2022?
The short answer is yes, because Ethereum 2.0 is expected to solve these issues, and this could see the project rally by as much as 100% in 2022, bringing them as close to Bitcoin in valuation as we have ever seen.
Shiba Inu (SHIB)
Shiba Inu has also fallen in recent weeks, from over $18 billion valuations down to $15 billion. This still makes the meme coin created to exploit Elon Musk’s love of a particular breed of dog, as valuable as global brands like LG and Puma.
A January 2021 investment would’ve returned unthinkable growth, turning $100 into over $50,000,000 over the course of the year. Can this coin do the unthinkable again, and what is the Shiba Inu Price Prediction for 2022?
With popular price prediction website, CryptoPredictions.com, forecasting $0.0001 over the next 12 months, Shiba Inu investors could still see over 300% returns this year.
EverGrow is the newest project on our list. With its low market cap, experienced team, ground-breaking contract and the most envied roadmap in the crypto space it’s no surprise that many analysts have tipped EverGrow to be the big breakout project of 2022.
In just 3 months, with very little fanfare, marketing or indeed exposure, the project has grown to 125,000 holders, and distributed over $32,000,000 in rewards to coin holders.
Price predictions vary widely between analysts for EverGrow , but the majority are incredibly bullish, seeing anything from 1000% to as high as 10,000% returns over the next 12 months. New projects can carry a degree of risk, but with such a low market cap compared to the other project we are looking at today, EverGrow is likely worth considering as the best investment for 2022.
Polkadot, a direct rival of Ethereum’s blockchain, was launched 5 years ago. The price has fallen sharply since November 2021, which could present a real investment opportunity. Polkadot’s technology means that developers can create a blockchain, and when transfers are made between blockchain, Polkat’s native token $DOT is used to pay the fees. With Polkadot valued at $25 billion vs Ethereum at $367 billion, many analysts have a very bullish price prediction for Polkadot for 2022.
Like EverGrow, predictions vary widely, but overall are bullish. 1000% returns are at the very top end, but we wouldn’t completely rule them out.
Avalanche saw some serious price action towards the end of 2021, thanks in part to an announcement from Deloitte on a partnership project that would be built on the Avalanche blockchain. Walletinvestor.com believes Avalanche will continue to gain, with Avalanche having a 2022 price prediction of $275.
With Avalanche currently sitting at just $80, this could mean returns of over 240% for Avalanche investors in 2022.
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