Ether Could Reach $12K in Second Half of 2022, FSInsight Says. GLTA!!!

FSInsight said that decentralized finance (DeFi), non-fungible tokens (NFTs) and other Web 3 applications have driven massive growth of the Ethereum network.

Ethereum is undervalued relative to cloud platforms, and ether, which is the native token of the network, could reach $12,000 in 2022, the report said.

There is optimism surrounding Ethereum's transition to proof-of-stake in 2022, which if it happens, would likely result in capital inflows irrespective of bitcoin performance, the note added.