7 months ago
Some 30% of respondents expect Solana to pat $600 successful 2025, according to a survey by MV Capital.
Investors expect cryptocurrency’s bull tally to proceed into 2025 and highest successful the 2nd fractional of the year, MV Global, a Web3 investing firm, told Cointelegraph connected Nov. 11.
Nearly fractional of investors expect a marketplace apical successful the 2nd fractional of 2025, MV Global said, citing a survey of 77 ample cryptocurrency investors, including task firms, hedge funds, and high-net-worth individuals.
“This seems to beryllium a precise fashionable sentiment and truthful precise apt priced into markets,” noted Tom Dunleavy, a managing spouse astatine MV Global.
Flows by assets (in millions of US dollars). Source: CoinShares
Related: Crypto inflows deed $1.98B amid post-election momentum
Bitcoin (BTC) is expected to apical determination betwixt $100,000 and $150,000 per coin, MV Global said.
Investors are particularly bullish connected Solana (SOL), with 30% predicting a highest of much than $600 earlier the extremity of the cycle, according to the survey.
“Solana is simply a statement agelong among astir each allocator we spoke to,” Dunleavy said.
Sentiment connected Ether (ETH) was mixed. One-third expect lone humble gains, with ETH topping betwixt $3000 and $5000. Another 3rd spot ETH hitting up to $7000 earlier the extremity of the marketplace cycle, according to the survey.
“Being bullish connected ETH is present a decidedly contrarian bet,” Dunleavy said.
The crypto marketplace surged pursuing Donald Trump’s triumph successful the United States statesmanlike election, arsenic galore judge his triumph volition payment the industry, Cointelegraph Research said.
Bitcoin roseate to a highest of $76,500 the time aft the predetermination connected Nov. 6 arsenic traders rode a question of wider market optimism. Spot prices are present astatine all-time highs, approaching $85,000.
On Nov. 11, Bitcoin BTC reached a marketplace capitalization of $1.62 trillion, bringing up the planetary crypto marketplace headdress to $2.71 trillion, according to information from Cointelegraph Markets Pro and CoinMarketCap.
Ether spiked 10% connected Trump’s predetermination triumph and present sits astir $3,300, inactive good beneath 2021 highs of much than $4,700.
Solana’s autochthonal token SOL surged 22.5% betwixt Nov. 5 and Nov. 7, reaching its highest level successful 7 months. At astir $220 per token, SOL is inactive beneath 2021 highs of $260.
Magazine: Asian crypto traders nett from Trump’s win, China’s 2025 CBDC deadline: Asia Express
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