Buyers count on cryptocurrency’s bull run to proceed into 2025 and peak within the second half of the yr, MV International, a Web3 investing agency, instructed Cointelegraph on Nov. 11.
Almost half of buyers anticipate a market prime within the second half of 2025, MV International mentioned, citing a survey of 77 massive cryptocurrency buyers, together with enterprise companies, hedge funds and high-net-worth people.
“This appears to be a very talked-about opinion and, due to this fact, very doubtless priced into markets,” famous Tom Dunleavy, a managing companion at MV International.
Flows by property (in tens of millions of US {dollars}). Supply: CoinShares
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Bitcoin (BTC) is anticipated to prime someplace between $100,000 and $150,000 per coin, MV International mentioned.
Buyers are particularly bullish on Solana (SOL), with 30% predicting a peak of greater than $600 earlier than the tip of the cycle, in keeping with the survey.
“Solana is a consensus lengthy amongst virtually each allocator we spoke to,” Dunleavy mentioned.
Sentiment on Ether (ETH) was combined. 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 tip of the market cycle, in keeping with the survey.
“Being bullish on ETH is now a decidedly contrarian wager,” Dunleavy mentioned.
The crypto market surged following Donald Trump’s victory in the USA presidential election, as many consider his win will profit the business, Cointelegraph Analysis mentioned.
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 are actually 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 nicely under 2021 highs of greater than $4,700.
Solana’s native token, SOL, surged 22.5% between Nov. 5 and Nov. 7, reaching its highest stage in seven months. At round $220 per token, SOL remains to be under 2021 highs of $260.
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