Analysts analyzing the performance of the Ethereum cryptocurrency predict a 50 percent gain in the coin’s price by the end of March 2022.
This altcoin is undeniably dominant in the TVL, DeFi, and NFT arena. On stock exchanges, it is also actively traded. Furthermore, whales take advantage of every opportunity to acquire ETH when the price decreases.
According to statistics, whales are still moving coins to non-exchange addresses. Over 24.31 million ETH is now held by the ten largest of them. This is five times higher than the top ten exchange areas.
On the network, there is also a lot of address activity. This is the highest figure since August 2021. The number of wallets with more than 0.1 ETH has reached a new all-time high (ATH) of 6.86 million.
The mission of Hardfork London was accomplished. According to Duke University experts, the time it takes for a transaction to complete utilizing EIP-1559 is lowered.
These variables together allow analysts to forecast cryptocurrency growth through the conclusion of the first quarter and through the whole of 2022. This will be aided in many ways by the launch of ETH 2.0, which will propel the asset’s price to new heights.