The crypto market has been stuck for almost three months and most altcoins have declined significantly Bitcoin (BTC USD) trades up and down in the $60,000 to $70,000 range. There is, of course, some uncertainty about where the market will go next. Either we could see a more significant decline below $50,000 or less, or Bitcoin could continue its upward trend. No one knows exactly what the near future holds, but we can make some educated guesses about the long-term future.
In my opinion, the top 3 cryptos will be worth much more in 2025 as more positive catalysts take shape. I will examine these catalysts for each cryptocurrency. As a note: For the top 3 I’m talking about Bitcoin, ether (ETH-USD), And Solana (SOL USD). I won’t go into it any further Connection (USDT-USD) for obvious reasons that I won’t talk about Binance coin (BNB-USD) neither, because in my opinion it is heavily manipulated. With this in mind, let’s take a look at the following cryptocurrency price predictions.
Bitcoin (BTC USD)
As I mentioned earlier, the top performer in the crypto market has been stuck at the $60,000 mark for quite some time. However, I don’t believe that short-term price action matters when converting dollar costs to Bitcoin, as conventional wisdom says. If not, you shouldn’t worry too much. There have been some bearish price movements after halving in the past, so what we are currently seeing is not unusual.
Additionally, Bitcoin regularly experienced 15-20% dips during bull runs and still reached new highs in the coming weeks. The current cooldown is a little longer than normal, but given the presence of this token The RSI is still at 70I remain optimistic that there could be significantly more upside potential in the next few months. On the other hand, that is Fear and Greed Index suggests we might see some downsides.
Whatever the trigger, I think Bitcoin should reach $100,000 by mid-2025. This is because the halving has only been happening for just under a month. It will take many months for the effects of the halving to become apparent. In addition, interest rate cuts are expected in the coming months. Institutional investors now also have very easy access to Bitcoin with spot ETFs. So, taking all these factors into account, I estimate that Bitcoin could reach a peak value of around $95,000 to $100,000 this cycle.
Ethereum (ETH-USD)
Source: viktoryabov / Shutterstock.com
Ethereum is the second largest cryptocurrency by market capitalization. Typically, it drives Bitcoin’s tailwinds higher. This blockchain network hosts all the flashy things in the Web 3.0 space. Ethereum has smart contracts and NFTs and is home to most AI and data projects such as: Make (RNDR USD) And Storj (STORJ-USD). Even crypto startups that plan to have their own blockchain are using Ethereum as a launching pad by having their own ERC20 tokens on the chain. In addition, most like Metaverse projects The sandbox (SAND USD), Decentraland (MANA USD), And Axie infinity (AXS USD) are on Ethereum.
All of these projects must use Ethereum to process transaction fees. This creates a steady demand for cryptocurrencies and I think this is the second biggest catalyst as to why I am bullish on Ethereum. After switching from proof-of-work to proof-of-stake, it is also a deflationary cryptocurrency.
The biggest catalyst that could push Ethereum higher is the possibility of spot ETFs. The Securities and Exchange Commission has approved a number of spot Bitcoin ETFs so far, and investors are hoping that Ethereum will also get its own similar ETFs. The SEC has described Bitcoin as a commodity but has never made it clear whether it considers Ether to be the same. Former commissioner William Hinman said Ethereum may be decentralized enough to pass as a commodity, but given the SEC’s stance on it ripplethis is a coin toss.
With this in mind, I think Ethereum could surpass $10,000 if the ETFs are approved. If not, $7,500 to $8,000 is more fair.
Solana (SOL-USD)
Source: sdx15 / Shutterstock.com
Solana was one of the top performers this bull run. It’s a very interesting project and there’s a lot to discover here. If you’re new to crypto, you should basically think of Solana as a faster version of Ethereum with some drawbacks.
The biggest disadvantage here is that it is not that stable. Solana has already experienced several network outages, and while the Solana team has dramatically reduced the occurrence of these events over the past few months, they have caused lasting damage to the project’s reputation. Additionally, Solana has a fraction of Ethereum’s validators and is therefore inherently more centralized.
That doesn’t mean Solana can’t perform well. Its recent impressive performance is solid proof of this, and Solana has managed to steal market share in NFTs from Ethereum. Once Ethereum gas fees rise in the next surge, we should see a lot more action here. I think Solana could peak at around $400-$450 in 2025.
At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.
