The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Here’s How High Ethereum (ETH) Can Soar in 2022, According to Crypto Analyst Michaël van de Poppe

by Daily Hodl Staff
December 29, 2021
in Bitcoin, Ethereum

Cryptocurrency analyst and trader Michaël van de Poppe is plotting out new price targets for Ethereum (ETH) after the leading smart contract platform experienced major growth during 2021.

In a year-end strategy session, Van de Poppe tells his 158,000 YouTube subscribers that Ethereum has not only held up well against the number-one crypto Bitcoin (BTC) but might very well become the focus of the next major crypto cycle.

The crypto strategist thinks widespread market adoption means Ethereum’s market cap could overtake that of Bitcoin, an event known as “the flippening.”

“We might be looking at a flippening of Bitcoin because it’s not only about Bitcoin anymore, it’s about the entire ecosystem.

One of the things that has changed is Ethereum… is being used in decentralized applications, so DEXs [decentralized exchanges] are using Ethereum mostly to trade their assets, which we’re using with Uniswap and SushiSwap.

The actual adoption of the Ethereum ecosystem has been growing relatively fast.

We also know from the NFT [non-fungible token] space that if you want to mint your NFTs you use Ethereum.”

Van de Poppe notes Ethereum’s overall growth and demand despite the network’s high gas fees.

Most importantly, ETH has proven more resilient than Bitcoin during the recent market correction dating back to November.

“Ethereum has been showing way more strength than Bitcoin in the recent correction, which means that the strength in Ethereum is higher than in Bitcoin.

Meaning that potentially this cycle is not anymore about Bitcoin.

It is about layer-1s and Ethereum that are producing the first layer fundamentally for the entire ecosystem, because you need platforms and layer-1s to actually succeed in this entire market space.”

Moving on to his 2022 price predictions, the analyst thinks Ethereum could be on the cusp of explosive growth that mirrors Bitcoin’s action back in 2017. He says ETH could even top $20,000.

“We could be using Fibonacci extensions to derive the next target points, in which we can be saying, ‘Based on the previous low of the cycle, previous high, and we’re reaching somewhere around the 3.618.’

In that case, we could also say, ‘Previous high, previous low,’ we can start targeting ourselves numbers where Ethereum might be topping out, which as a matter of fact target numbers around $12,600, $17,300, and potentially even $22,000.”

Source: Michaël van de Poppe/YouTube

Van de Poppe concludes his upside price prediction by saying that ETH must hold a key support level.

“The crucial part here is that Ethereum has to hold a green block. If that happens, the trend continues and we can continue running the entire cycle.”

The price of Ethereum is currently down 8.94% to $3,811. ETH began 2021 at $730, hit a mid-year peak in May of $4,182 before falling to a summer low of $1,795 in July. The token has since seen choppy upward price action but remains 422% higher for the year.

In comparison, Bitcoin grew 63.75% during 2021. BTC went from a starting point of $29,352, lurched to an April peak at $63,576 before crashing to a summer low of $29,971 in July.

The leading crypto fought its way to another new all-time high above $69,000 in November but has since tumbled to below $47,000 amid choppy price action. Currently, it’s down 8.74% to 48,065.

Van de Poppe concludes his Ethereum discussion by pointing out what recent project upgrades plus the upcoming rollout of Ethereum 2.0 could mean moving forward.

“Ethereum is the one to watch.

Potentially we are seeing an Ethereum cycle instead of a Bitcoin cycle.”

I

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Macrovector/monkographic

Submit a Press Release

Industry Announcements

  • Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues
    March 29, 2023
  • OKX To Open Office in Australia
    March 29, 2023
  • Metacade Raises Over $14.7 Million As Presale Sets To Close in 72 Hours
    March 29, 2023
  • Binance Expands AI-Powered NFT Generator Bicasso
    March 28, 2023
  • Open-Source Blockchain D-Ecosystem Raises $6 Million Ahead of IDO on March 29, 2023
    March 27, 2023
  • Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time
    March 27, 2023
  • OKX Launches Turkish Lira Deposits and Withdrawals
    March 27, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,316.59
$28,316.59
2%
Ethereum
$1,802.53
$1,802.53
3.3%
Cardano
$0.380868
$0.380868
13.46%
XRP
$0.460298
$0.460298
19.52%
Dogecoin
$0.076029
$0.076029
5.81%

Spotlight

  • Analyst Known for Calling Crypto Bottoms Predicts Bitcoin Bounce, Says a Picture Perfect Correction Unlikely
    March 28, 2023
  • Here’s What Could Breathe Air Into the Fire of Crypto, According to Venture Capitalist Chris Burniske
    March 28, 2023
  • Billionaire Chamath Palihapitiya Questions Bitcoin’s Legitimacy Amid US Banking Crisis
    March 28, 2023
  • Balaji Srinivasan Says Millions of Worried Depositors Could Wire Money to Bitcoin As Banks Get Too Big To Escape
    March 28, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl