Originally published on: November 11, 2024
According to a recent survey conducted by MV Global, a leading Web3 investing firm, investors are optimistic about the future of the cryptocurrency market, with expectations of a peak in the second half of 2025. The survey, which included responses from 77 large cryptocurrency investors such as venture firms, hedge funds, and high-net-worth individuals, revealed that nearly half of investors believe the market will reach its highest point in late 2025.
Tom Dunleavy, a managing partner at MV Global, highlighted that this consensus among investors is already reflected in the current market prices. The survey also indicated that Bitcoin is expected to soar to a price range between $100,000 and $150,000 per coin in the coming years.
Solana (SOL) emerged as a favorite among investors, with 30% predicting a peak price of over $600 before the end of the market cycle. According to Dunleavy, Solana is a top choice for many investors. However, sentiment on Ethereum (ETH) was more mixed, with predictions ranging from modest gains to a possible peak of up to $7,000.
The cryptocurrency market experienced a surge following the recent U.S. presidential election, with Bitcoin reaching a peak of $76,500 shortly after Donald Trump’s victory. Currently, Bitcoin is trading at all-time highs, inching closer to $85,000. Ethereum and Solana also saw significant increases in their prices following the election results.
As the crypto market continues to gain momentum, investors are keeping a close eye on potential opportunities and risks. Stay updated on the latest market insights by subscribing to our Markets Outlook newsletter. Get exclusive content every Monday to help you make informed investment decisions. Join us today to stay ahead of the curve in the dynamic world of cryptocurrency trading.
