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According to one cryptocurrency specialist, Ethereum might run out of steam in 2022.
Ethereum (ETH-USD) is still one of the most sought-after cryptocurrencies. Ethereum is a colossus in the cryptocurrency industry. As a result, the general direction of the market's movement may be shown by the expert Ethereum price forecasts. This is because the entire market is affected when Ethereum sneezes.
Ethereum has recently been on a strong streak. ETH's price has risen well from the $2,500 level it experienced for much of the year to now trade around $3,500. As a result, the bulls are out in full force, expecting that this digital powerhouse will continue to rise.
The fact that Ethereum is the foundation for the majority of decentralized apps accounts for a large portion of this predicted growth. Ethereum might continue to expand as the crypto sector pushes toward producing greater usefulness for end consumers. The concept is straightforward and has been supported by many investors for a long time.
However, Ethereum Merge, which is scheduled for later this year, is expected to entice even more financial backers. The belief is that demand for ETH will rise when Ethereum transitions to a proof-of-stake network. In exchange for helping to validate and safeguard the Ethereum network, stakers can earn incentives. Stakeholders can now expect returns in the double-digit range.
As a result, let's take a look at where some Ethereum experts believe the currency is heading.
Price Predictions for Ethereum.
The current price of ETH is $3,450 per coin.
Today, one cryptocurrency specialist is getting a lot of attention for his forecasts that ETH will soar to new heights. By the end of 2022, BitMEX CEO Arthur Hayes predicts that Ethereum will reach $10,000. So long as the Ethereum Merge happens as planned, that is.
The Beacon Chain, where Ethereum developers have been testing staking for some time, would merge with the mainnet in this Ethereum Merge. Average investors may now stake their coins and earn a passive income through this transformation. Ethereum bulls may be tempted to purchase, which may lead to a five-figure price for the cryptocurrency. Staking is only one of the ways institutional investors, according to Hayes, would begin to view Ethereum as a bond. As a result, they may be motivated to grow their cryptocurrency exposure.
As you would imagine, this forecast is certain to draw attention. The value of Ethereum has already skyrocketed. Its all-time high would be doubled if it rose to $10,000.
To put it another way, these price forecasts exist for a reason. Regardless of whether ETH reaches this price objective or not, Ethereum will be a top coin for investors to keep an eye on in the future.
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