Will ETH drop to $800 by 2022 End

Will ETH drop to $800 by 2022 End

The economic situation is one of the most pressing challenges. In the first half of 2022, almost all asset classes fell, indicating a risk-off market. As a result, fears of a “Crypto Winter” have surfaced.

Vitalik Buterin, the Ethereum creator, has recently highlighted worries over frenzied NFT trading. NFTs are valued in Ethereum on many platforms, including OpenSea.

Ethereum price predictions are offered by crypto specialists from two perspectives: bull and bear. According to bullish analysts, Ether will reach $4,600 in 2022, while bearish researchers anticipate Ethereum will fall as low as $800 by the end of the year.

“Ethereum controls over 90% of the NFT market,” Arslanian stated. “This is going to be a pivotal year for Ethereum, a make-or-break year in many ways.”