Bitcoin (BTC) touched highs of $51,878 on Dec. 24 as traders’ optimism rose ahead of the holidays. Bitcoin price is currently consolidating above the $50k psychological level, up more than 8% this week.
The BTC/USD pair remains calm on Christmas day, with thinner liquidity yet to show itself in the form of volatile price moves. With several taking a break from trading and analysis, the next target to the upside remains the $1 trillion market cap valuation level at $53,000.
Crypto trader Pentoshi believes if sellers grab the reins, BTC/USD could journey towards $46,000 only to buy back in for a rebound.
Ethereum (ETH)
Ethereum started the year 2021 at an opening price of $737. According to CoinGecko data, Ethereum is up 567.8% in the year at $4093. Though ETH price seems to have slowed down since hitting all-time highs of $4,867 on Nov. 10, the predictions for the largest altcoin remain bullish.
WalletInvestor forecasts an increase of 71.08% in 2022, taking ETH price near the $7,000 level by the end of the year. Coin price forecast believes Ethereum price will climb to $5,255 in the first half of 2022; in the second half, ETH could add $1,577 and close the year at $6,832, which is +68% to the current price.
A higher forecast puts Ethereum’s price at $15,000 amid optimism on the approval of the first Ethereum futures ETF by SEC in 2022.
Shiba Inu (SHIB)
Dog-themed coin Shiba Inu kicked off 2021 at $0.00000181. According to CoinGecko data, Shiba Inu is up 66613627.6% from all-time lows of $0.000000000056 marked in Nov. 2020. Although SHIB is down nearly 56% from all-time highs of $0.00008616, the predictions for the dog-themed coin remain bullish.
Coin price forecast believes in the first half of 2022, Shiba Inu’s price will climb to $0.00010586; in the second half, SHIB could add $0.00002154 and close the year at $0.00012740, which is +242% to the current price. A conservative prediction by WalletInvestor forecasts an increase of 136% in 2022.
A higher forecast puts Shiba Inu’s price at $1 in 2022 amid optimism on Shiba Inu’s metaverse-themed ”Oshiverse”. The pressure also continues to mount on Robinhood to list Shiba Inu. The trends of exchange listings, whale accumulation, and a gradual token burn could add to fundamentals in 2022.
Decentraland (MANA)
Decentraland price started 2021 at $0.17. Metaverse’s interest spiked after Facebook announced its rebrand to Meta in Late October. That led to an increase in the valuation of related cryptocurrencies.
MANA presently trades at $3.71 and is up 4351.9% in the year. Coin price forecast believes that in the first half of 2022, Decentraland price will climb to $9.31; then in the second half, MANA could add $6.95 and close the year at $16.26, which is +329% to the current price. An average long-term forecast puts MANA’s price at $10 by the end of 2022.
VeChain (VET)
VeChain price started 2021 at $0.0191. According to CoinGecko data, VeChain is up 522% in the year at a current price of $0.09. On Dec. 24, VeChain announced its recent collaboration with the Government of Inner Mongolia.
”We are proud to announce that the Government of Inner Mongolia, China has chosen #VeChainThor to power a massive, full traceability platform! This milestone, Government-led project is a massive step forward for VeChain and the mass adoption of blockchain.”
Coin price forecast believes that in the first half of 2022, the VeChain price will climb to $0.1128; in the second half, VET could add $0.0338 and close the year at $0.1466, which is +58% to the current price.
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