Saturday, December 10, 2022

Ethereum To Outperform Bitcoin In 2022, Report Shows

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A recent report from fintech firm Finder showed that world no.2 cryptocurrency Ethereum (ETH) may be poised to outperform its larger peer Bitcoin (BTC) in 2022.

The reports comes with  BTC trading in a tight price range for a bulk of the year. The token’s muted performance has also seen several traders turn cold on its prospects, and look to altcoins for better gains.

ETH beats BTC to top experts list

In a report over the price forecasts of Bitcoin, a panel of 35 crypto specialists said that Ethereum (ETH) will top 2022 by a big margin. The members have ranked ETH over BTC and Solana in the list of top-performing coins of 2022. ETH has already beat BTC by surging over 19% in the last 60 days.

87% of the experts have chosen ETH among their top 5 tokens. While 71% went for Bitcoin and 55% added Solana. Avalanche and Terra were posited by 31% and 30% of the experts, respectively.

The upcoming Ethereum update has already positioned the ETH token to skyrocket this year. Meanwhile, Avalanche and Terra have also made it to the top 5 tokens.

Specialists polled by Finder are feeling a bit more bearish about the short-term Bitcoin price gains. In January, they expected the BTC to grow up to $76,360 by the end of 2022. But their latest report sees BTC around the $65,000 price level by the end of this year.

Talking about the Bitcoin price forecast for 2025, the panelist’s views are kind of despairing. The expectations seem to be decreasing since the last 4 reports. BTC is forecasted to reach $179,000 by 2025 which is a decrease of over 7% compared to the January forecast ($192,000).

Where will BTC head in 2030?

However, the panel looks more confident and bullish over Bitcoin’s long term price perspective. It is anticipated that the BTC price can reach up to the $420,000 price level by the end of 2030. Earlier, the January report suggested that the price can go around $406,000.

According to the report, the majority of the panelist are suggesting people to go for Bitcoin. 67% of the members voted to buy the Bitcoin. On the other hand, 24% of the voters said that its time to Hodl Bitcoin. BTC is trading at an average price of $42,320, at the press time. The token is marginally up by 1% in the past 24 hours. It is surely a good time to invest in BTC and to buy the dip.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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