The CEO of the cryptocurrency project Monexbit gave his forecast for the two key cryptocurrency assets. He said he expects a new price historical high for Ethereum and warned that Bitcoin’s value could drop significantly before reaching new heights.
According to him, the second-largest cryptocurrency by market capitalization should break its price record before the end of this year. He predicted that this will happen in the 4th quarter of 2022 or probably in the 1st quarter of 2023. He drew such conclusions based on what ecosystem expansion solutions developers are offering to users.
The entrepreneur noted that the popularity of the decentralized finance (DeFi) and non-exchangeable tokens (NFT) sectors should encourage mass adoption of digital currency. This will mean an increase in demand and, as a consequence, a rise in value. According to the CEO of Monexbit, ETH will be around $6,000 to $7,000 at the end of 2022.