Wrapped ETH (wETH) price prediction for 2022 to 2031 is generally bullish owing to the promising future of the Ethereum blockchain and consequently the Ether token, usually denoted by the ticker symbol ETH. wETH’s future price is undoubtedly pegged to the foreseeable success of its parent blockchain. Many crypto enthusiasts have been very optimistic about the future of the Ethereum blockchain. Therefore, the price prediction of wETH appears to be equally optimistic since there is minimal difference between ETH and wETH.
Before we dive deep into the difference between these two coins, let’s look at some of the reasons why wETH has so much backing from the crypto community in general.
Unlike the Bitcoin blockchain, the Ethereum blockchain has ensured the scalability of blockchain solutions by allowing the development of layer 2 solutions within its ecosystem. The ability to process smart contracts has placed it above several other Bitcoins, as it ensures a significant scalability advantage.
So wETH price prediction for the next few years is essentially pegged to its current price and the historical data of the wETH price. In this piece, we will explore alternative price prediction approaches to ensure a holistic approach toward the price forecast of wETH. Before doing so, let’s discuss what wETH is and what team is behind it.
Today’s Wrapped Bitcoin price today is $21,922.56 with a 24-hour trading volume of $307,480,803. Wrapped Bitcoin is down 3.38% in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $5,184,911,992 USD. It has a circulating supply of 236,510 WBTC coins and the max. supply is not available.
What is wETH?
wETH is a cryptocurrency like any other; however, it has unique features. wETH is short for Wrapped Ethereum. Meaning, that the intrinsic value of wETH is directly pegged to the current market value of Ether (ETH), the native digital token of the Ethereum blockchain.
Wrapped Ethereum (wETH) is a tokenized version of the Ethereum token. Currently, several major blockchain ecosystems have their native tokens, and most of these tokens have a wrapped version. A wrapped token, like wETH, can be unwrapped at any time, and the original token is obtained, in this case, ETH.
To better understand the concept of wrapped tokens, consider stablecoins such as USDT and BUSD. These stablecoins are often said to be stable in value, which is directly linked to the underlying asset base, usually the US dollar. Therefore, theoretically, the value of 1 USDT or 1 BUSD is always equal to 1 USD at any given point. The same concept applied to wETH; the value of 1 wETH is theoretically equivalent to the value of 1ETH at any time. We use “theoretically” because there is often a slight difference in their prices on the crypto market, but the difference is often negligible.
Why Wrapped Ethereum (wETH)?
If the value of wETH is equivalent to that of ETH, of what importance is wETH? To answer this question, we need to go back to some of the biggest challenges of blockchain technology: scalability and interoperability. Wrapped tokens, in general, solve one of these problems, interoperability.
Fortunately, Wrapped Ethereum is an effective solution to execute transactions between ETH and ERC-20 tokens while reducing the complexity of smart contracts and avoiding the need to utilize an intermediary. wETH is a wrapped coin that features a 1:1 pegged ratio to ETH and uses the ERC-20 token standard instead (or another token standard like BEP-20 if it’s present on another blockchain).
Interestingly, wrapping Ethereum doesn’t affect its value at all. For that reason, 1 ETH will always be worth 1 wETH (and vice versa) without the risk of major price differences between the two coins.
A wrapped token, for instance, wETH, can be used on several native blockchains, unlike ETH, which can only be used on the Ethereum blockchain. This concept implies that any crypto token, therefore, can be wrapped and used on other foreign blockchains allowing the possibility to use BTC on the Ethereum blockchain, ETH on the Avalance ecosystem, and vice versa.
Wrapping of tokens essentially implies that you tokenize the underlying crypto assets and consequently apply the blockchain’s token standard to the wrapped version of your crypto asset in order to use it within the new blockchain environment.
wETH Overview
The wETH price forecast entails a thorough analysis of the cryptocurrency’s previous market trends and performances and its current price. The forecasts are conducted using advanced technical analysis and indicators to determine the future price of wETH. In this section, we look at the previous performance of the wETH token in order to help us formulate its direction in the near and distant future.
Currently, the average price of wETH oscillates around the $1200 mark. The price is a significant drop from its projected average price in 2022 due to the ongoing bear market trend that has engulfed the entire crypto space. Nearly all cryptocurrencies have declined in value, with some losing up to more than 70% of their value this year. However, despite plummeting prices, crypto predictions for most tokens still appear bullish in the long run. The wETH price forecast shows a somewhat positive growth rate towards the end of the year and beyond.
Where to Buy wETH
Here are some wETH exchanges where you can buy and sell wETH, trade wETH with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if wETH is available on your desired crypto exchange.
These exchanges are Poloniex (wETH/USDT), Uniswap V3 (USDC/wETH, wBTC/wETH, USDT/wETH, DAI/wETH), Uniswap V2 (wETH/USDC), Sushiswap (USDC/wETH, USDT/wETH, SUSHI/wETH, AAVE/wETH)), Trader Joe (wETH/wAVAX) etc.
Wrapping ETH to wETH is always a 1:1 exchange with no slippage or price impact. This is because wrapping/unwrapping is simply interacting with the WETH smart contract that essentially locks the tokens and then gives you an equal amount of the other token.
When you convert ETH into wETH, a smart contract mints a wETH token that is backed by the ETH token being submitted for the transaction. The private key for the ETH token is kept secure by the custodian that mints the wETH and guarantees that the wETH has the same value as its underlying ETH token.
Below is a price chart analysis of the wETH price based on the technical analysis to determine the future price.
wETH Technical Analysis
According to the recent market trend, it seems like the crypto market is slowly gaining momentum and starting to move in an upward direction. Although the market is still volatile, wETH seems to be one of the few cryptos that are slowly but surely moving up. The wETH/USD pair is currently trading at $1,508.91 after an intra-day high of $1,517.
The moving average lines are all pointing downwards but the price action is consolidating between the 23.6% and 38.2% Fibonacci retracement levels. The Relative Strength Index (RSI) is currently at 51.24 which indicates that the market is neither overbought nor oversold.
The MACD line is slightly above the red signal line which indicates that the market is in a slight bullish momentum. The 50-day Simple Moving Average (SMA) is currently at $1,511.78 and the 200-day SMA is at $1,443.29.These key levels represent the support and resistance levels that the market is currently trading within.
Looking at the chart, it seems like wETH might retest the $1,517 level again but it will most likely face some resistance around that level. If the bulls can manage to push the price above that level, we could see wETH head towards the $1,600 level. However, if the bears take control of the market, we could see wETH head back down towards the $1,400 level.
At the moment, the market is in a consolidation phase and the prices are testing their resistance levels. The key support levels to watch out for are $1,480 and $1,460. On the upside, the resistance levels are pegged at $1,520 and $1,540.
To sum it up, the market looks like it is slowly moving in an upward direction but it is still too early to tell if this is the beginning of a new bull run.
On the basis of our analysis of the more broad trends in cryptocurrency, we expect ETH prices to rebound and long-term wETH investors will benefit greatly when the bull market resumes.
wETH Price Predictions by Authority Sites
Wallet Investor
According to Wallet Investor, wETH is a bad long-term investment. They give wETH a 1-year forecast of $885.28.The site makes short-term and long-term predictions for almost all popular cryptocurrencies. A further prediction on the cryptocurrency is that it will devalue in the future and most likely it will not recover. Their analysis is based on mathematical algorithms considering that WETH reached its All Time High was on 10th November 2021 when it was priced at $4,863.7 but it has declined to $1513 alongside the other cryptos in the market. It further states that WETH can be easily manipulated due to its small market cap as the crypto market has been recently subject to a lot of volatility and manipulation.
Digital Coin Price
Digitalcoinprice gives a bullish WETH price prediction for 2022 all way to 2030. According to their forecast, WETH will reach a maximum trading price of $2,057.92 by the end of 2022. They have given a rather optimistic prediction for the future of cryptocurrency as the market is still in its early stages and a lot can happen in the next few years.
They give a detailed analysis of why they think that wETH will rise to a maximum price value of $4,423.79 in the next 5 years. Based on their predictions,WETH price could potentially reach an average trading price of $6,950.48 They also state that wETH is a part of the Ethereum network which is one of the most popular and widely used blockchain platforms.
Price Prediction
Price prediction net gives a more bullish outlook on wETH prices, with a long-term price projection of $78,806.61 by 2031. They give a detailed analysis of the market trends and the underlying factors that they think will drive the price of wETH up in the future.
They predict that wETH will experience a huge price surge in 2022. They predict by the end of 2022,WETH is likely to attain a maximum price of $2742.57 while by 2027, it might reach a price of $17,609.75.
wETH Price Prediction 2022
The projected price of wETH for 2022 has been clouded by the continuing downward trend that has plagued the entire cryptocurrency market. According to our deep technical analysis and WETH’s past performance, we believe that there is a good chance that WETH might reach $2742.57 by the end of 2022. An average forecast price of $2,378.14 and a minimum price of $2,281.46 might be attained by WETH in 2022.
wETH Price Prediction 2023
The year 2023 might be a good year for wETH as the price is expected to go up to a maximum value of $3,957.2.The least possible value that wETH might reach in 2023 is $3,336.61 while the average price is anticipated to be $3,455.52.
wETH Price Prediction 2024
The year 2024 is expected to be an even better year for wETH as the price is predicted to go up to a maximum price level of $5,857.79. The minimum possible value that wETH might reach in 2024 is $4,882.77 while the average price is expected to be around $5,020.99.
wETH Price Prediction 2025
The year 2025 is expected to be an excellent year for wETH as the price is predicted to go up to a maximum price level of 8,366.80. The minimum price is predicted to be $6,973.79 while the average price is expected to be $7,224.84.
wETH Price Prediction 2026
For the next 4 years, we predict that wETH could potentially reach an average price of $. 10,395.04.A minimum price value of $10,033.80 and a maximum price of $11,966.91 might be attained by WETH in 2026.
wETH Price Prediction 2027
In 2027,WETH price is expected to reach a maximum level of $17,609.75 and the minimum value is predicted to be $14,543.32 while the average price might be around $14,959.12.
wETH Price Prediction 2028
The year 2028 might be a good year for wETH as the price is expected to go up to a maximum value of $25,541.32. The minimum possible value that wETH might reach in 2028 is $21,563.95 while the average price is expected to be around $22,162.31.
wETH Price Prediction 2029
WETH price prediction for the year 2029 is quite optimistic as the price is expected to go up to a maximum value of $37,583.59. The minimum possible value that wETH might reach in 2029 is $31,316.12 while the average price is expected to be around $32,202.61.
wETH Price Prediction 2030
The year 2030 is expected to be an excellent year for wETH as the price is predicted to go up to a maximum price of $53,859.20. The minimum possible value that wETH might reach in 2030 is $45,185.79 while the average price is expected to be around $46,795.92.
wETH Price Prediction 2031
By the year 2031,WETH is expected to attain a maximum price of $78,806.61 which is quite a bullish outlook. The minimum possible price that wETH might reach in 2031 is $64,822.92 while the average price is expected to be around $66,694.76.
As we can see from the above predictions, wETH is expected to have a very good future as the prices are predicted to surge in the coming years. The market trends and the underlying factors are quite favorable for wETH and we believe that it is a good investment option for the long term.
wETH Price Predictions by Industry Influencers
Industry influencers often shape the direction of many cryptocurrencies. Most crypto coins grow because of the support from their community members. Wrapped tokens have generally received support from the crypto space due to their apparent functionality. wETH price today is a result of the efforts of the development team, influencers, and the overall community. Below is an example tweet of wETH influencers showing their trust in wETH for the long term.
Conclusion
Comparing the size of the cryptocurrency market to the money supply can give an interesting perspective on where the industry is headed. The predictions are based on comparing the size of the cryptocurrency market cap with the size of different money supply types: M0, M1, and M2.If a bigger percentage flows in cryptocurrency in the coming years,wETH could likely be worth the predicted value.
The total cryptocurrency market is still very small compared to the size of other asset classes, but it is growing rapidly. The current total market capitalization is around $1.05 trillion, which is tiny compared to the global stock market and global real estate market.
However, if we compare the cryptocurrency market to the global money supply, it is actually not that small. Of course, this is just a prediction and it’s impossible to say for sure how much money will flow into cryptocurrency in the future. However, if we look at the current trends, it seems likely that the cryptocurrency market will continue to grow at a rapid pace in the years to come.
The cryptocurrency market is still in its early stages and is growing rapidly. If the current trends continue, the market could reach $4 trillion by 2030. This would make wETH one of the most valuable assets in the world.
Investing in wETH is a good long-term investment option as the prices are expected to surge in the coming years. The market trends and the underlying factors are quite favorable for wETH.
So, these were some of our predictions for wETH price in the coming years and it is not investment advice. Do your own research before investing in any cryptocurrency.
The concept of wrapped tokens is revolutionary and has solved a significant challenge that has often faced blockchain developers and the blockchain community in general. The interoperability that it allows has ensured the success of most wrapped tokens. When looking at the price predictions, there is little difference between the price of a wrapped Ethereum (ETH) and ETH itself since the value of wETH is pegged to ETH. Therefore, the above price prediction shows the potential future of the Ethereum blockchain and the Wrapped ETH (wETH) over the years from today till 2031.
