Research Firm Predicts Bitcoin Will Hit $200K in Second Half of 2022, ETH to ...
This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market capital entering the fold.” Fsinsight: ‘Bitcoin to Tap $200K in H2 2022, Ethereum Will Jump Close to 400%’ While last year’s $100K predictions went silent during the last month of 2021, bitcoin (BTC) price predictions are starting to appear again this year. According to....
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Analysts from Insider Intelligence believe that crypto’s transactional value will increase by 70 percent in 2022. The number of adults in the United States who will use crypto to make purchases in 2022 will increase to 3.6 million, according to a research firm.A report published by Insider Intelligence shows that crypto's value as a means of payment will go up by 70 percent this year. The firm predicts that by the end of the year, 3.6 million U.S. adults will have used crypto to make purchases. According to the company's principal analyst David Morris, crypto's volatility is being....
Bitcoin ($BTC) believers rejoice – the world’s most valuable cryptocurrency could pump to $200K in the final quarter of the year, according to crypto analytics firm CryptoQuant. The coin is already showing signs of recovery as it rebounded to $118K in the past several hours. This comes as uncertainty looms over the US government, which […]
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io. Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted....
KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market. Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year. According to a newly released KPMG report on Sept. 6, the largest investments in H1 2022 came from German-based crypto trading platform Trade Republic ($1.1 billion), digital asset custody platform Fireblocks ($550....
This figure is expected to further balloon to 73% by the end of 2022, according to research from Accenture. Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies,....