Main Takeaways:
At its peak in November 2021, the total cryptocurrency market capitalization reached close to $3 trillion USD.
In January 2022, however, the market cap has plummeted 40%, wiping out more than $1.2 trillion USD.
It remains to be seen whether or not the cryptoverse is at the beginning of another crypto winter, or will bounce back.
Overall demand for cryptocurrencies seems to be rising, as people add this new asset class to their portfolios and acquire tokens to power transactions on-chain.
From bitcoin, the original cryptocurrency, to newer entrants like SHIB and DOGE, this article covers some cryptocurrency predictions made by experts in the digital asset space.
By almost all measures, 2021 was a year for the record books in the crypto markets. At its peak in November 2021, the total cryptocurrency market capitalization reached close to $3 trillion USD. It is hard to imagine that just two months later, the market cap has plummeted 40%, wiping out more than $1.2 trillion USD in the process.
Bitcoin (BTC) Predictions
Bitcoin price has dropped 41% from the all-time high of $68k down to sub-$40k in the last few months. However, such drastic drops are nothing new for seasoned BTC holders, who saw a 2017 run-up to $20k, only to watch it fall below $4k in the following year. With developments like Microstrategy continuing to buy the dipand El Salvador continuing to add to their stash, bitcoin seems well-positioned to bounce even higher than its previous 2021 high. Several experts have weighed in and suggested that it could go beyond $100k – especially as financial institutions, large corporations, and governments continue to add this asset to their balance sheets.
For more information, check out our Bitcoin Price Prediction page.
Ether (ETH) Predictions
Ether price fell 40%, from $4.8k down to sub-$3k, during the down market of early 2021. Similar to bitcoin, ETH holders who were around during the 2018 crypto winter will remember that 2017 saw ETH rise to $1.4k, only to plummet below $200 in the following months. However, as NFTs continue to rise and get more mainstream, and with the Ethereum 2.0 upgrade on the horizon, many catalysts are in line to jump-start this asset back to its 2021 heights. Many see ETH hitting five digits (more than $10k) by 2025, with some suggesting that it could one day reach over $20k.
For more information, check out our Ethereum Price Prediction page.
XRP Predictions
XRP price rose to more than $1.80, before falling 65% to around $0.60 today. These days, while Ripple is busy with a legal brawl with the SEC, XRP remains one of the most time-tested assets in the space. Within the XRP community, price predictions swing wildly, with some believing that the crypto will stay a sub-$5 currency through 2025, while others are confident that it could break the $10 mark and possibly make its way to $20.
For more information, check out our XRP Price Prediction page.
Polygon (MATIC) Predictions
Averaging less than $0.03 through the end of 2020, Polygon saw its cryptocurrency reach close to $3 following the Christmas holidays. Thirty days later, the asset's price has fallen almost 50%. Polygon represents the next generation of blockchains, providing layer-2 scaling solutions that enable high transaction throughput. As more users enter crypto, the need for Polygon’s solutions increase, creating growing demand for its services. Bullish investors see MATIC reaching $10 in the next five years and possibly over $20 towards the end of the roaring ‘20s.
For more information, check out our Polygon Price Prediction page.
Cardano (ADA) Predictions
ADA price shot up to almost $3 before falling briefly below $1 at the start of 2022. For Cardano, 2021 saw the implementation of the Alonzo hard fork and introduction of several new projects. Despite this, Cardano continues to struggle to capture the mainstream. While new projects are launching, none have had significant mainstream press. Most experts have ADA hovering sub-$5 in the next five years, with a potential of reaching $10. Others think that it could even fall below $1 over time if the ecosystem cannot eventually gain mainstream adoption.
For more information, check out our Cardano Price Prediction page.
Litecoin (LTC) Predictions
2021 saw LTC slightly surpass its 2017 highs, getting close to $400.Litecoin price has since dropped 75%, briefly dipping below $100. Once known as the silver to bitcoin’s gold, litecoin has remained relatively quiet in comparison to its peers. Despite this, the team has been continuously improving the network to increase speed, reduce transaction costs, and overall make the blockchain safer. Such updates make it an attractive platform for some. However, it probably will not be the platform of choice for most. Modest growth is expected over the next 5 years, and many supporters believe it will eventually trade between $200 and $300.
For more information, check out our Litecoin Price Prediction page.
Dogecoin (DOGE) Predictions
What once began as a joke has now become one of the hottest cryptocurrencies out there. Reaching an all-time high of almost $0.70 during 2021, DOGE captured the mainstream with its lovable mascot and support from Elon Musk. This coin shows no signs of stopping, even though it is now trading 80% off of its all-time highs. With its recent acceptance as a form of payment by Tesla, and Musk regularly tweeting about the coin, many experts believe that DOGE could eventually cross $1 as it makes its way into mainstream territory.
For more information, check out our Dogecoin Price Prediction page.
Shiba Inu (SHIB) Predictions
Not to be outdone by DOGE, SHIB price also experienced an astronomical rise in 2021, seeing its value propel to $0.00008 after spending much of its time in the $0.00000004 range to at the start of the year. Celebrity-wise, SHIB has ties with Vitalik Buterin, who had famously once burned over 410 trillion SHIB tokens. Vitalik also donated a significant amount of funds denominated in SHIB during the pandemic, of which $100 million was recently returned to him. With such a transaction, and Vitalik’s continued association with SHIB, we may see this cryptocurrency continue to climb during 2022 and beyond.
For more information, check out our Shiba Inu Price Prediction page.
BNB Predictions
BNB has many use cases within Binance and outside of it. In 2021, BNB price climbed close to $700. However, it has since fallen more than 40% to below $400. Despite this, it is important to realize that as crypto goes mainstream, BNB will continue to play an important role for those looking to buy, sell, and trade cryptocurrencies. Usable to settle transaction fees, travel expenses, lending, rewards, and more, the future of BNB looks bright as its utility and the overall industry continue to expand. Experts see BNB potentially crossing $1k – with some even taking a position that it may go over $2k in the next five years.
For more information, check out our BNB Price Prediction page.
Cryptocurrency Predictions for 2022 and Beyond
The “cryptocurrency crash,” which started in early 2022, is something that those who have been around crypto for a while have seen before. With some similarities to the 2018 crash, it remains to be seen whether or not the cryptoverse is currently at the beginning of another crypto winter, or if cryptocurrencies will quickly bounce back later this year.
However, as blockchain technologies and cryptocurrencies continue to develop and offer new features, functionality, and capabilities, mainstream adoption looks increasingly likely in the coming years.
In such a scenario, the overall demand for cryptocurrencies is looking up, as people add this new asset class to their portfolios and acquire digital tokens to power transactions on-chain. The total market capitalization is poised to break its 2021 highs of $3 trillion, and BTC is well positioned to break $100k and fulfill its vision of being digital gold in the near future, while other cryptos needed to power critical infrastructure and daily activity will be pulled up along with this growth.
The price and statistical information (“the Predictions”) are collected and presented in this blog post for reference only. The Predictions are provided only for general informational purposes and are subject to change without notice. The Predictions do not constitute any specific offer of products or services by Binance. The Predictions shall not constitute, nor be construed as, investment advice or recommendations or an advice or recommendation to an investment or other strategy. Your acts or non-acts related to any aspect of the Predictions involve known and unknown risks and uncertainties. The Predictions and investments you make based on any part of the Predictions may incur losses, and any final judgment on this shall be made by you. The responsibility for any acts or non-acts done by you in relation to the Predictions shall be yours only. We, Binance, and any of our respective affiliates, officers, directors, employees, and agents shall not be liable or responsible for any losses, damages, liabilities, and indemnities in any kinds including, without limitation, costs, expenses, reasonable legal fees arising out of any claim or complaints in connection with your acts or non-acts related to the Predictions in any way.
