Publishing up-to-date content on the crypto money markets, InvestAnswers shared the 2022 price targets for three closely watched assets of the crypto money markets, after a very shaky new year.
Sharing his views in the new video published on his YouTube channel, CryptoStackers founder Forrest Przybysz, Bitcoin (BTC) He shared the table he created for you.
The chart includes three key price range metrics: accumulation at lows, average reversal where price has bounced back, and overexpansion, which indicates expected rally peaks.
InvestAnswers host Przybysz said about the table:
“She’s very conservative in her estimations and I love her simple charts. I believe we can go to $102,000 in this bull market this year.
The average return line is around $51,000 and the shopping tier is between $30,000 and $25,000, although it could obviously be slightly higher than that. We’re not going to see that at $25,000. We didn’t even go below $31,000.”
Bitcoin managed to continue the rally after a monthly low of just under $34,000 on Jan. 24 but is still down 17.9% from New Year’s Day ($47,292) at $38,873.
Leading smart contract platform Ethereum (ETH) On the other hand, it has lost nearly 25% of its value since the beginning of the year.
The crypto analyst also referred to another CryptoStackers chart while discussing the status of ETH 2.0 to see where the next level of the project will lead.
“When you look at this chart, you can see the accumulation zone that we are far above right now. [1,881 dolar] you will see. The average return is about $3,760. And overexpansion is about $7,500.
We’ve spent the whole of 2021 talking about ETH 2.0, that’s a thing of the past. They’re kind of rebranding as it should be. Maybe this will help them save more time, but we’ll have to wait and see if we can actually get there.
According to many people, the reconciliation mechanism probably won’t be ready until 2023. As we’ve seen, the money outflows, the lack of trust and the flow of money into other assets reflect this as we move forward.”
Ethereum is up 5.68% on the day and is trading at $2,785.
The last on the list is the open-source, decentralized blockchain network. Algorand (ALGO) it happened.
Despite claims that Algorand will be the Solana (SOL) of 2022, the InvestAnswers host remains skeptical, according to well-known financial media outlet The Motley Fool.
“Looking at Algorand’s last 12-month chart, we see it’s flat. It’s basically where it was a year ago. That never bodes well for a whole year to be lost.”
Regarding straight-trading tokens like ALGO, the server announced that it came to the following conclusion:
“Yes, some may double, but we want more than double this year, that’s what we’re looking for. We start with the trio. Considering the pullback we have, it should be pretty easy to find a bunch of threes.”
At the time of writing, Algorand is up 3% to $0.98. It was trading at about $1.70 a month ago.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.