Ehereum Price Is Predicted To Touch 10,000 US Dollars In 2022

Ethereum price prediction 2022 (Invezz)

JAKARTA – The second largest cryptocurrency, Ethereum has had a significant price increase in the last 12 months. However, gas fees or transaction fees in the network are too high. This is unfortunate for many users of the ETH network.

This is a huge opportunity for Ethereum rivals like Avalanche (AVAX) and Solana (SOL). AVAX and SOL are alternatives to the ETH network, because both cryptocurrencies present lower transaction fees than Ethereum.

In recent months the prices of SOL and AVAX have skyrocketed to their all-time highs. Solana and Avalanche have a rapid growth of users. In addition, TVL (Total Value Locked) SOL and AVAX also managed to surpass ETH.

Although the two ETH rivals have stolen the attention of various circles, Ethereum will soon undergo a fundamental change by switching to proof of stake (PoS) consensus by launching ETH 2.0 in 2022.

According to an InvestingCube report, Ethereum will change from a proof-of-work (PoW) model to a proof-of-stake (PoS) model by 2022, increasing scalability and energy efficiency. As part of the move to proof of stake, the number of new tokens issued each year will decrease, meaning the network's tokenomics will be deflationary. In addition, Layer-2 scaling solutions such as Polygon (MATIC) and Immutable-X (IMX) have great potential to increase the efficiency and scalability of Ethereum.

Ethereum has many utilities, including for NFT, DeFi, and GameFi transactions. This invites a number of financiers to invest in the development of all three types of the crypto industry.

InvestingCube estimates that Ethereum will have a bright time in 2022. With ETH wearing up to 430 percent throughout 2021, ETH is predicted to repeat the same performance next year. Therefore, the price of Ethereum is predicted to reach 10,000 US dollars (around Rp. 142,529,500) per coin in 2022. Even so, volatility will remain high but the crypto market is expected to grow even faster.