Buyers count on cryptocurrency’s bull run to proceed into 2025 and peak within the second half of the yr, MV World, a Web3 investing agency, informed Cointelegraph on Nov. 11.
Practically half of buyers anticipate a market high within the second half of 2025, MV World stated, citing a survey of 77 giant cryptocurrency buyers, together with enterprise companies, hedge funds and high-net-worth people.
“This appears to be a very fashionable opinion and, due to this fact, very possible priced into markets,” famous Tom Dunleavy, a managing accomplice at MV World.
Flows by belongings (in tens of millions of US {dollars}). Supply: CoinShares
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Bitcoin (BTC) is predicted to high someplace between $100,000 and $150,000 per coin, MV World stated.
Buyers are particularly bullish on Solana (SOL), with 30% predicting a peak of greater than $600 earlier than the top of the cycle, in accordance with the survey.
“Solana is a consensus lengthy amongst virtually each allocator we spoke to,” Dunleavy stated.
Sentiment on Ether (ETH) was blended. One-third count on solely modest positive aspects, with ETH topping between $3,000 and $5,000. One other third sees ETH hitting as much as $7,000 earlier than the top of the market cycle, in accordance with the survey.
“Being bullish on ETH is now a decidedly contrarian guess,” Dunleavy stated.
The crypto market surged following Donald Trump’s victory in america presidential election, as many imagine his win will profit the business, Cointelegraph Analysis stated.
Bitcoin rose to a peak of $76,500 the day after the election on Nov. 6 as merchants rode a wave of wider market optimism. Spot costs at the moment are at all-time highs, approaching $85,000.
On Nov. 11, Bitcoin reached a market capitalization of $1.62 trillion, citing the worldwide crypto market cap to $2.71 trillion, in accordance to knowledge from Cointelegraph Markets Professional and CoinMarketCap.
Ether spiked 10% on Trump’s election win and now sits round $3,300, nonetheless effectively beneath 2021 highs of greater than $4,700.
Solana’s native token, SOL, surged 22.5% between Nov. 5 and Nov. 7, reaching its highest degree in seven months. At round $220 per token, SOL continues to be beneath 2021 highs of $260.
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