Bitcoin, ethereum and other major cryptocurrencies have bounced back after a lackluster start to 2022.
The bitcoin price is now up around 10% since early January with the ethereum price climbing even further—despite dire warnings. However, smaller cryptocurrencies, including Ripple’s XRP, the meme-based dogecoin and its biggest rival shiba inu have suddenly surged, leaving bitcoin and ethereum in the dust.
Now, analysts at crypto research company FSInsight, led by JPMorgan’s former chief equity strategist Tom Lee, have issued a huge 2022 bitcoin and ethereum price prediction—forecasting this year will see another wave of crypto investors.
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The bitcoin price has suddenly surged higher in the last few days, breaking the crypto bear market … [+]
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
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“This is much different from in 2018 where tech stocks were still doing well but bitcoin sold off along with the rest of the crypto market cap,” FSInsight’s Sean Farrell, head of digital asset strategy, wrote in a note first reported by Coindesk, adding the predicted rally will come due to the “legacy market capital entering the fold.”
Financial institutions and Wall Street giants have shown a lot of interest in bitcoin and cryptocurrencies of the last year, with some now offering trading services to clients.
Farrell predicts that the bitcoin price could climb as high as $200,000 per bitcoin in the second half of 2022, despite…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
