Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Ethereum is the market’s most well-known altcoin. Now, while for many investors and enthusiasts, an altcoin is only as useful as its price performance on the charts, for others, it is much more than just another cryptocurrency. In fact, there are also some who believe that ETH is well-positioned to flip Bitcoin on the price charts. On a variety of fronts.
According to experts, it could increase in value by up to 400% by 2022. Since its launch, the price of ETH has risen from $0.311 in 2015 to around $4,800 late last year — with plenty of volatility along the way.
Even though this year has not been so good for the world’s largest altcoin, expectations are still high. A lot of noise has already been created by the network’s switch from a proof-of-work to a proof-of-stake consensus method and the Ethereum 2.0 upgrade. These changes are expected to help Ethereum in defending its position as the top 2nd generation cryptocurrency. In doing so, the network is more likely to ward off competition from others, especially those subbed “Ethereum killers.”
Given everything, purchasing Ethereum, in the long run, must be a sensible move, right? Well, despite how the year has gone, a majority of market analysts are bullish on ETH. Furthermore, most market-wide long-term Ethereum price forecasts have been quite optimistic too. Only time will tell if ETH meets these expectations or not.
Why are projections important?
Since Ethereum has seen phenomenal growth in recent years, it is not surprising that investors are placing significant bets on this cryptocurrency. Ethereum gained traction after the price of Bitcoin dropped in 2020, following a protracted period of stagnation in 2018 and 2019.
Interestingly, much of the altcoin market remained idle even after the halving. One of the few that…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
