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Here’s Why Ethereum Price May Pump to $2,000 – But Robotera is a More Profitable Alternative

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Eth

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The most popular altcoin Ethereum, which many investors and fans consider to be significantly more valuable than other cryptocurrencies may be set for a pump soon. Experts also believe that even after a difficult initial part of the year, it may surpass $2,000 again in 2022.

The native currency of Ethereum, Ether (ETH), has seen its value phenomenally rise since its introduction in 2015. Ether, the cryptocurrency created by Vitalik Buterin, has climbed from $0.311 at the time of its inception in 2015 to about $4,800 at its peak late last year, with significant price fluctuation along the way.

Ethereum operates as a software system that allows developers to build entire ecosystems as well as powerful new tools, apps, and NFTs. The blockchain-based technological network, one of the largest and most popular cryptocurrencies this past year, offers a wide variety of functions as well as applications in the IT sector, notably for gaming, entertainment, as well as media as well as decentralized finance (DeFi). But like Bitcoin, Ethereum has also been struggling as we approach the end of the year.

Here are Some Reasons Why Ethereum May Rise to $2,000

Following the announcement that FTX had filed for bankruptcy on November 11, the price of Ethereum fell drastically over the whole month. In the past, FTX was clearly one of the biggest and strongest crypto exchanges in the industry. The cost of Ether hasn’t increased yet. Before FTX’s collapse, the token was valued at about $1,700, but it quickly fell as the company filed for bankruptcy. As of today, the price of ether is below $1,300, representing a more than 70% fall in value from its all-time high in November 2021.

price

The collapse of FTX has continued to shock the cryptocurrency market over the past three weeks, as prices remain low as a result of BlockFi and other significant crypto platforms filing for bankruptcy. Nobody knows where prices will go; analysts are unsure whether the ongoing FTX turmoil will lengthen the current “crypto winter,” but every bankruptcy filing is probably lowering prices this year.

Despite recent issues, Ether’s ROI is still near  300% when presented as an annualized rate. As a result, early investors’ annual investment has nearly tripled since August 2014. Financial experts suggest investing a safe amount you can afford to lose and never at the expense of essential goals like emergency cash or repaying high-interest debt, since crypto values are notoriously unpredictable.

Ethereum Price Prediction

The agreement among the experts whose predictions we sought is that ETH may once more surpass even $4,000 in 2022. A recent prediction by Bloomberg expert Mike McGlone also indicates that the value of Ethereum will end the year between $4,000 and 4,500.

It would be wise to point out at this point that every expert we have spoken with has hedged their Ethereum estimates by stating that it is almost impossible to do so. By the crypto news website Coinpedia, if the upward trend that started in 2021 were to continue, ETH might end 2022 between $6,500 and $7,500. A drop in the value of cryptocurrencies in 2022, on the other hand, demonstrated that Ethereum’s price is unlikely to rise solely on sentiment, and the company’s 2022 forecast has now been reduced to $2,500. This too is surprising, since the token is already trading way below that range.

Given that the price of Ether has fallen to as little as $500, this year may see another significant meltdown. Cryptocurrency market researcher Wendy O predicts that the value of ETH might drop as much as 85% from its all-time high of $4,800, or roughly $750.

RobotEra Could Be A More Profitable Alternative

Buy RobotEra on Presale

RobotEra has set out to use the power of the Metaverse to create a planet-rebuilding experience. Players can take on the role of a robot and administer land, adding to the general development of the virtual planet. TARO serves as the ecosystem’s currency and is the project’s native token.

RobotEra offers a variety of prizes for carrying out specific tasks that aid in refortifying the earth. They can use their land to mine minerals, gather raw materials, and gain resources. To gain tokens, players may also trade their bot avatars for NFTs on the market. Staking TARO tokens is an additional option to make money on RobotEra. They can earn incentives by keeping their coins locked up for predetermined amounts of time. When players stake their money for longer periods, they get more payouts. This is a fantastic technique for getting passive income as well.

The project is currently in its presale phase, with its TARO token increasing in demand considerably in the past few weeks. Such an increasing interest and strong fundamentals make the project an excellent investment option currently. Since it is a small marketcap project at the moment, it is also likely that growth will be quicker and of larger magnitude in TARO than ETH.

Other High-Potential Alternatives

These are other alternatives that you can consider investing in if you wish to distribute your funds across high potential projects.

Dash 2 Trade (D2T)

Bitcoin Price Prediction - Will BTC Price Breakout Above The $16k Barrier Today

The information that Dash 2 Trade will be listed on Changelly Pro when its presale is over has further increased excitement for this excellent new endeavour. LBank and BitMart have already approved the D2T currency for listing at that time.

Dash 2 Trade is dedicated to giving crypto market participants—both experts and beginners—access to a feature-rich trading intelligence platform. The project in question is in phase three of its open presale and has received unprecedented support from a wide range of investors.

Calvaria (RIA)

Calvaria

A play-to-earn (P2E) combat card game called Calvaria: Duels of Eternity has an active presale right now. Investors can purchase the RIA governance token during this presale using ETH or stablecoin. The greatest chance to get RIA at a discount is during this presale. Because you won’t be able to purchase it at these rates when this presale ends and RIA is listed on exchanges.

Conclusion

Despite the competition between Ethereum and other reasons that contribute to its ongoing volatility, there is widespread optimism that the initial smart contract network will survive this testing stage. Over 90% of the NFT marketplace is owned by Ethereum. This year will be crucial for Ethereum; it will either make or ruin the cryptocurrency.

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