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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Bitcoin (BTC) is the genesis of cryptocurrencies, the granddaddy, the first, and at the ripe old age of 13, the most expensive crypto on earth. A single Bitcoin will set you back $47,000. But as Bitcoin enters its 14th year, what are analysts price predictions for this $892 billion digital currency for 2022?
According to www.fxstreet.com, technical analysis sets a price target of $63,000 for Bitcoin, which would mean 34% upside from here. However, Anthony Cuthbertson, of The Independent, claims $100,000 is still on the cards, despite the price predicter, stock-to-flow (S2F) model, missing its timeline of December 2021 for this target. This would mean over 100% returns may be on the cards for Bitcoin investors in 2022.
For those looking to diversify their portfolio with other potential gainers, we also look at some price predictions for popular cryptocurrencies that are expected to exceed Bitcoin over the next 12 months.
Elon Musk's favourite crypto currently sits at 12th in the world, with a market cap of $23 billion. Even though the inventor of Dogecoin openly admits the project was invented as a 'joke', investors in 2021 would've seen $1000 growing to $32,000 over the year. Perhaps for Dogecoin the days of such incredible returns are no longer realistic, but many analysts remain bullish on Dogecoin. www.walletinvestor.com has a price prediction of $0.4. This would see investors seeing around 130% growth by the end of 2022.
It seems an entire tribe of memecoins was created over the last year or so with the sole purpose of catching Elon Musk's attention, and Floki is no exception. Floki Inu was named after Elon's pet Shiba Inu dog, Floki, and somehow that connection has led to this memecoin hitting a $1 billion value!
What are analysts predicting for Floki Inu's price for 2022? www.digitalcoinprice.com predict Floki will end 2022 at $0.0002475461, which would be a 120% increase over current levels. Even more optimistic is gov. capital, which predicts Floki achieve $0.000847, which would mean a 650% return for investors in this Elon's dog-themed memecoin.
The baby of the list is EverGrow, with a modest market cap of $500 million, but arguably the most experienced team and strongest roadmap of the projects discussed today. EverGrow has only launched 3 months ago, but according to their official Twitter, they have already accumulated 120,000 investors.
Perhaps the only thing holding EverGrow back is that they haven't had anywhere near the marketing of these other projects – no celebrity endorsements, no Time Square billboards, just organic growth built off strong fundamentals and ground-breaking rewards paid out in Binance-pegged USD – over $30 million worth were paid to EGC holders in just 10 weeks.
EverGrow crypto has already bounced 50% from its recent lows, but many analysts see EGC being a true 100x potential, which could mean 10,000% gains in 2022. With any new project, caution is urged, but EverGrow certainly looks like an interesting project with a great deal of potential.
Shiba Inu was a true crypto king in 2021, in fact, on an unimaginable level. The memecoin named after, yes, you've guessed it, Elon Musk's favorite dog, saw returns that would've turned $100 into $50 million over the course of 2021. And yes, you read that right!
Clearly, Shiba cannot provide those levels of returns again, but many analysts still predict healthy returns for this popular memecoin for 2022. CryptoPredictions.com predicts Shiba could go as high as $0.0001 over the next 12 months. This 300% return would turn your $50 million into $200 million… just enough to upgrade your yacht to a pretty decent Caribbean Island.
