Ethereum To Outperform Bitcoin In 2022, Report Shows
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.
- FLOKI Makes History With First ETP in Europe as Price Surges 30%
- BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert
- Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury
- ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3
- MetaMask Gears Up for Major MASK Token Airdrop With Reward Points System Launch
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
