Is Ethereum a good investment in 2022

But despite the volatility, Ethereum has lots of potential in the coming years as it continues to be a foundational part of DeFi and its blockchain gets faster and more efficient. With Ethereum’s price now far below its past highs, now could be a great time to start a position in this digital currency.

The crypto news outlet Coinpedia predicted ETH could end 2022 between $6,500 and $7,500 if the same bullish upswing that started in mid 2021 were to continue. However, 2022 brought a bearish downturn in the crypto market, making it clear that Ethereum’s price is not going to rise from sentiment alone.

Bitcoin (BTC) Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options. Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment.