Originally published on: November 11, 2024
According to a recent survey conducted by MV Global, a Web3 investing firm, investors are optimistic about the future of the cryptocurrency market. The survey, which gathered responses from 77 large cryptocurrency investors, revealed that nearly half of them foresee a market top occurring in the second half of 2025.
Tom Dunleavy, a managing partner at MV Global, commented on the widespread belief among investors, stating that this expectation is likely already factored into current market prices. The survey also highlighted specific predictions for major cryptocurrencies, with Bitcoin projected to reach heights between $100,000 and $150,000 per coin.
One standout crypto asset is Solana, as investors are particularly bullish on its potential. Approximately 30% of respondents anticipate Solana peaking at over $600 before the end of the cycle, making it a popular choice among investors.
In contrast, sentiment around Ether is more divided. While one-third of investors anticipate modest gains and expect ETH to range between $3,000 and $5,000, another third envision Ether reaching up to $7,000 by the end of the market cycle.
The survey results also reflect the impact of external factors on the cryptocurrency market. Notably, following Donald Trump’s victory in the U.S. presidential election, Bitcoin saw a surge in value, reaching a peak of $76,500. Currently, Bitcoin’s market capitalization stands at $1.62 trillion, contributing to the global crypto market cap of $2.71 trillion.
Ethereum and Solana also experienced notable price movements, with Ether soaring 10% after the election and Solana’s native token, SOL, spiking 22.5% in a two-day period. Despite these fluctuations, both coins remain below their 2021 highs.
The survey results indicate a positive outlook for the cryptocurrency market in the coming years, with investors closely monitoring key developments to inform their investment strategies. Stay informed with the latest insights by subscribing to the Markets Outlook newsletter for exclusive market analysis and trading tips.
