ASK LEO: Will These Crypto Predictions Still Come Through in 2022?

Source

Seeing how graceful and green the cryptocurrency market looked in 2021, it is no surprise that several crypto enthusiasts made their predictions. However, this article will only highlight three of the most frequent. Now, these predictions do not look like they are anywhere close to reality because of the incessant bullish trend of the crypto market.

1. That Etherium would supplant Bitcoin.

There was so much buzz around BTC and ETH in the year 2021 that several predictions were made about ETH becoming the new star of the cryptocurrency market. The reason is not farfetched because although both currencies gained massively(BTC-64%, ETH-70%) in 2021, ETH exceeded BTC’s gain mark considerably.

Surprisingly, these predictions that ETH would supersede BTC are quite understandable as BTC is still way on top with a current trading value of $19,582.12 while ETH currently trades at $1,336.80.
Even the recent ETH merger was expected to have yielded a notable increase in price, but it did not.

2. That Bitcoin (BTC) will rise to $100K

Last year, there were several predictions that BTC would rise to the $100k mark or above. Even when the market troubles began, there were predictions that BTC would recover and rise massively. To be factual, these predictions were not unexpected because it was trading at an all-time high of $69,000 in 2021.

Unfortunately, what we’ve seen in recent times is a bearish trend against the predicted bull market. Now we’re finally in the 4th quarter of the year and BTC can barely hold ground, fluctuating between the $19k and $20k mark. It is now clear beyond reasonable doubt that reaching the $100k mark before the year runs out is impossible. So we might as well forget that prediction. I mean, look around you!

The bullish anticipations wouldn’t see the light of day. In 2021, Plan B’s Stock to Flow (S2F) model forecasted exceptionally high prices – as much as $100K by 2022 and $1 million by 2025 for Bitcoin.
Source

3.That DOGE & SHIB Would Supercede Any Targets We Had in Mind

I am one of those who firmly believe in the possibility of Dogecoin exploding massively. In fact, I am still considering the Elon Musk and Twitter deal currently in the works. Even SHIB is not an exception as a result of the Tesla Chairman’s tweets.

In 2021, NFT was the next big thing, especially with ApeCoin. Unfortunately, the predictions have gone completely in the opposite direction, as their prices have dropped.

What Are Your Thoughts?

Posted Using LeoFinance ^Beta