Will Wrapped Ethereum (wETH) Remain Bullish?

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 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.

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. Currently, wETH is trading at $1,772.49, which is the same value as Ethereum.

Price Predictions by  Authority Sites

#1 Wallet Investor According to Wallet Investor, wETH is a bad long-term investment. They give wETH a 1-year forecast of $885.28. 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.

#2 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.

#3 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.

Cryptopolitan  Price Prediction

2022 wETH could reach an average price of $2,378.14 and a minimum price of $2,281.46 in 2022. The max price could be $2742.57.  2025 wETH is predicted to go up to a maximum price level of 8,366.80. The minimum and average prices are predicted to be $6,973.79 and $7,224.84, respectively. 2030 The price is predicted to reach a maximum of $53,859.20. The minimum possible value that wETH might reach in 2030 is $45,185.79.

What happens when you convert ETH to wETH?

When you convert ETH into wETH, a smart contract mints a wETH token 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.

Disclaimer

Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.