Buyers count on cryptocurrency’s bull run to proceed into 2025 and peak within the second half of the 12 months, MV World, a Web3 investing agency, advised Cointelegraph on Nov. 11.
Almost half of traders anticipate a market high within the second half of 2025, MV World mentioned, citing a survey of 77 massive cryptocurrency traders, 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 doubtless priced into markets,” famous Tom Dunleavy, a managing associate at MV World.
Flows by property (in thousands and thousands of US {dollars}). Supply: CoinShares
Associated: Crypto inflows hit $1.98B amid post-election momentum
Bitcoin (BTC) is anticipated to high someplace between $100,000 and $150,000 per coin, MV World 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 response to the survey.
“Solana is a consensus lengthy amongst virtually each allocator we spoke to,” Dunleavy mentioned.
Sentiment on Ether (ETH) was blended. One-third count on solely modest beneficial properties, with ETH topping between $3000 and $5000. One other third see ETH hitting as much as $7000 earlier than the tip of the market cycle, in response to 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 imagine 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 BTC 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 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 continues to be under 2021 highs of $260.
Journal: Asian crypto merchants revenue from Trump’s win, China’s 2025 CBDC deadline: Asia Categorical
