logo

wETH Price Prediction 2022-2031: Will the Price Remain Bullish?

weth price prediction

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 WETH price is $1,604.64 with a 24-hour trading volume of $1,377,129,274. WETH is down 6.86% in the last 24 hours. The current CoinMarketCap ranking is #2660, with a live market cap of not available. The circulating supply is not available, and the max. supply is not available.

What is wETH?

ITB Widget Example

cpn 2022 06 22T043244.682

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, and 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

Recent wETH price analysis indicates that the digital asset is currently in a neutral state as the price hovers around the $1,746 level. The digital currency has been trading in a range of $1,726.39 and $1,777.81 in the last 7 days. The market is expected to see some sideways action in the near term as the bulls and bears battle for control of the market.

The market is expected to see some sideways action in the near term as the bulls and bears battle for control of the market. The technical indicators indicate that the digital asset may seek support at around the $1,700 and $1,600 levels. The digital currency is expected to face resistance at around the $1,800 level. The Fibonacci retracement level of 23.6% indicates that the digital asset may find support at around the $1,711 level. The digital currency may seek to test the $1,800 resistance level in the near term. The relative strength index is currently flat at around the 50 level, which indicates that the market is in a state of equilibrium.

The current price action indicates that the market may be due for a breakout in the near future. The market is expected to see some sideways action in the near term as the bulls and bears battle for control of the market. The technical indicators indicate that the digital asset may seek support at around the $1,700 level and the $1,600 level.

The price is slightly below the moving average line and the 200-day moving average line. The digital currency is expected to face resistance at around the $1,800 level. Out of the 26 technical indicators, 12 indicators were giving sell signals, 13 were giving buy signals and one was giving a neutral signal.

wETH Price Prediction 2022-2031: Will the Price Remain Bullish? 1

The Moving Average Divergence Convergence (MACD) indicator is currently in the bearish zone.

The current market conditions are indicating that the digital currency may consolidate in the near term before a breakout. On the downside, the digital currency is expected to find support at around the $1,700 level and the $1,600 level. On the upside, the digital currency is expected to face resistance at around the $1,800 level.

Overall, the technical indicators suggest that the market may see some sideways action in the near term as the bulls and bears battle for control of the market.

wETH Price Predictions by Authority sites

DigitalCoinPrice

Digitalcoinprice has a bullish outlook for WETH as the price is expected to reach $2,489.67 by the end of 2022. Their predictions are seen to be significantly bullish as the website has given a long-term prediction of WETH price reaching $8,971.63 by the end of 2027. The site believes by 2030, wETH could potentially attain a maximum trading price of $24,664.45.

Walletinvestor

Walletinvestor has a more bullish outlook on WETH as they predict that the price will rise to $1 by the end of 2022 and will continue to rise in the following year. They are expecting a gradual increase in price until 2027, whereby it is predicted to attain a maximum price of $7135.060. Moreover, their long-term prediction is bullish as they see the price touching $10,000.Their analysis is based on mathematical algorithms considering that WETH reached its All-Time High on 10th November 2021 when it was priced at $4,863.7. Still, it has declined to $1,746 alongside the other cryptos in the market.

Price Prediction net

Price prediction net has a more bullish outlook on WETH as they predict that the price will rise to $1,846.62 by the end of 2022 and will continue to rise in the following year. They are expecting a gradual increase in price in the long term as they expect the digital asset to reach $15,796.30.The site suggests that the digital asset could potentially attain a maximum trading price of $53,200.45.

Cryptopolitan

wETH Price Prediction 2022-2031: Will the Price Remain Bullish? 2
wETH Price Prediction 2022-2031: Will the Price Remain Bullish? 3

wETH Price Prediction 2022

 According to our deep technical analysis and WETH’s past performance, we believe that there is a good chance that WETH might reach an average price level of $1,846.62 by the end of 2022. A minimum forecast price of $1,674.96 and a maximum price of $1,846.62 might be attained by WETH in 2022.

wETH Price Prediction 2023

WETH average price forecast for 2023 is $2,858.24. The average trading price might be a little higher at $ 3,474.08 while the minimum price could be $2,593.72. WETH could potentially attain a maximum price of $3,474.08.

wETH Price Prediction 2024

2023 is expected to be a good year for WETH as the average price might reach $4,152.74. The minimum price could be $4,009.82 while the maximum price is expected to be $4,787.50.

wETH Price Prediction 2025

wETH price forecast for the year 2025 suggests wETH might attain a maximum price value of $6,955.66.The digital asset is projected to attain a minimum price of $6,065.38 and an average price of $6,273.02.

wETH Price Prediction 2026

wETH is expected to reach a maximum value of $10,659.44 by the end of 2026. The digital asset might attain a minimum price of $8,979.99 and an average forecast price of $9,293.64 in the year 2026.

wETH Price Prediction 2027

In the next 5 years, wETH is expected to touch a maximum price of $15,796.30. The digital asset might have a minimum value of $13,574.06 and an average price of $ 14,038.74.

wETH Price Prediction 2028

WETH forecast for the year 2028 suggests that the digital asset might reach a maximum price value of $24,224.08.The price is expected to have a minimum price value of $20,645.02 and an average price of $21,206.57 in 2028.

wETH Price Prediction 2029

In 2029, wETH might reach a maximum price of $31,723.10. The digital asset is expected to reach a minimum value of $30,874.84 and an average price of $35,150.73 in 2029.

wETH Price Prediction 2030

The year 2030 could be a bullish year for wETH as the digital asset might attain a maximum price level of $53,200.45. The minimum value could be $43,622.17 and the average price might be $ 45,208.33.

wETH Price Prediction 2031

By 2031, wETH might attain a maximum price level of $74,711.45. The minimum value could be $63,880.93 and the average price might be $65,689.27 in 2031.

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.

Conclusion

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.  The success of wETH will continue to grow in the coming years as more people become aware of its benefits and use cases.

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.

We suggest that you do your own research before making any investment decisions. The above price prediction guide is for informational purposes only and does not constitute financial advice.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

What happens when you convert ETH to wETH?

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.

Is there a fee or price change in wrapping ETH to wETH?

Wrapping wETH to ETH 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.

What's the cost of wrapping Ethereum?

Tier 1: Standard Gas Fees

Balancer (https://app.balancer.fi/#/trade)
Uniswap (https://app.uniswap.org/#/swap)
Kyber DMM (https://dmm.exchange/#/swap)
Tier 2: High Gas fees — quoted 2x versus the Tier 1s

1inch (https://app.1inch.io/#/1/swap/ETH/WETH)
Tier 3: Highest Gas fees — quoted 4x versus the Tier 1s

Metamask (within the Chrome extension itself)

What's the benefit of using wETH?

WETH can be used as a native token on any ERC-20 compliant blockchains and DApps. That means that WETH holders pay fewer and lower transaction fees, plus have faster transactions than ETH holders. The reason being ETH holders have to swap their ETH for tokens that can be accepted by other blockchains and their related dApps

Alden Baldwin

Alden Baldwin

Journalist, Writer, Editor, Researcher, and Strategic Media Manager: With over 10 years of experience in the digital, print and public relations industries, he has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a a self sustaining institute that provides free education. He is working towards funding his own startup. As a technical and language editor, he has worked with multiple top cryptocurrency publications such as DailyCoin, Inside Bitcoins, Urbanlink Magazine, Crypto Unit News and several others. He has edited over 50,000+ articles, journals, scripts, copies, sales campaign headlines, biographies, newsletters, cover letters, product descriptions, landing pages, business plans, SOPs, e-books, and several other kinds of content.

Related News

Hot Stories

Ripple price analysis: Price up again as bullish momentum inflates to $0.4042
Oraichain Labs US Launches With Asset Tokenization Platform That Aims To Broaden Access to Capital Markets
Aave price analysis: AVAX advances upwards at $76.29 after bullish movement
Top10 Forex Affiliate Programs 2022
Avalanche price analysis: Bears force AVAX into a short-term downswing to $16.81

Follow Us

Industry News

Finally some news on STEPN
This US state is now accepting tax payments in crypto
Robinhood is now supporting this stablecoin
A ray of hope for Sparkster investors?
SEC allegations against Crypto Influencer over a $30M ICO