Wednesday, July 24, 2024

Analysis of Costs 2/2: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX, SOL

The start of the year 2022 for Bitcoin (BTC) was disappointing. According to data from Coinglass, a cryptocurrency futures trading and information platform, the month of January saw Bitcoin (BTC) dropping about 20%. This was the worst performance since the year 2018, when the price of Bitcoin dropped to 26.61%. Likewise, the Altcoin market also went through similar losses losing over 22% in January.

Now, come February, Bitcoin (BTC) rose above $38,000 on Feb, 1. It rose as much as 3.4%, while Ether (ETH) also had a reasonable start to the month. ETH rallied as much as 7.1% to $2,850.

That said, will the recovery of Bitcoin (BTC) and selected Altcoins lead to an uptrend? Let’s find out by examining the top 10 Cryptocurrencies. Remember, the predictions given below of the prices are estimates and not the actual prices.

Bitcoin (BTC)

The Bitcoin price stood at $41,399 on the 5th of February 2022. It was up by 9.24% in the last 24 hours and according to experts, the price is expected to reach new highs in 2022. Although it is difficult to estimate the exact price, according to well-known researchers, the price could end anywhere between $70,000 to $100,000 by the end of 2022.

Ethereum (ETH)

The ETH stood at $41,399 on the 5th of February 2022. It was up by 6.12% in the last 24 hours. However, it is impossible to predict the actual price, but researchers predict that the price could reach $6,000 by the end of 2022.

Binance Coin (BNB)

BNB stood at $424 (Dated: 05-02-2022). According to researchers, the price is estimated to vary from $555 to $835 or $1000 by the end of 2022.

Cardano (ADA)

ADA stood at $1.16 (Dated: 05-02-2022). Now, experts believe that the price could cross $2 during the first quarter of 2022 and possibly climb to $3.

Solana (SOL)

The price of SOL was $115 (Dated: 05-02-2022). The assumption is that the price may increase to a minimum of $240 or a maximum of $300 in 2022.

Ripple (XRP)

The XRP stood at $0.6 (Dated: 05-02-2022). According to some analysts, the cryptocurrency can average $0.87 in the year 2022.

Terra (LUNA)

The LUNA stood at $56.42 (Dated: 05-02-2022). Experts estimate that LUNA may cross $105 by 2022.

Dogecoin (DOGE)

DOGE price stood at 0.14 (Dated: 05-02-2022). The cryptocurrency price is estimated to reach $0.27 by the end of 2022.

Polkadot (DOT)

The cryptocurrency DOT stood at $21.83 (Dated: 05-02-2022). Analysts predict that the prices of DOT may increase up to $60. This is because the creators are creating their own blockchain platform. In addition to this, they have agreed to enlist DOT in major cryptocurrency exchanges around the world.

Avalanche (AVAX)

Avalanche (AVAX) stood at $79 (Dated: 05-02-2022). The price is predicted to cross an average of $130 in 2022.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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