With Bitcoin prices falling sharply last week, most other cryptocurrencies followed suit by showing double-digit percent price losses in a matter of days.
However, even with the grim market conditions, several analysts expect this year to close on a high note for most cryptocurrencies.
In addition, the bullish predictions estimated that BTC will be worth upwards of $179k by 2025 and around $420k by 2030.
According to a report released last week by Finder, this time polling 36 fintech specialists, Ethereum is set to hit a new all-time high of $6,872 this year, further predicting a price of $11k by 2025 and $23k by 2030.
It should be far more secure, 99% more energy-efficient, and deflationary.
In another report released by Finder last week, after polling 36 fintech specialists, the prediction is that XRP could be worth $2.55 by December 2022, assuming Ripple settles or wins its lawsuit with the SEC.
According to University of Sussex professor of finance Carol Alexander, if XRP wins its lawsuit with the SEC, the cryptocurrency’s price could peak at $2.50.
According to Finder, APE is predicted to end the year at $27 and drop to $25 by 2025.
The panelists agreed that Yuga Labs, the founders of ApeCoin and the Bored Ape Yacht Club NFT collection, are the blue-chip of NFTs, especially since their purchase of CryptoPunks.
However, on the bearish side, according to the report, 75% of the panelists believe APE will become another meme coin, while only 20% think it will feature genuine utility.