Investors expect the cryptocurrency bull trend to continue into 2025 and peak in the second half of the year, MV Global, an investment firm at Web3, told Cointelegraph on November 11.
Nearly half of investors expect the market to reach its highest levels in the second half of 2025, MV Global said, citing a survey of 77 major crypto investors, including venture firms, hedge funds and high-net-worth individuals.
“This seems to be a very popular opinion and therefore very likely to be priced in in the markets,” noted Tom Dunleavy, managing partner at MV Global.
Flows by assets (in millions of US dollars). Source: CoinShares
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MV Global said the value of Bitcoin (BTC) is expected to reach between $100,000 and $150,000 per coin.
Investors are particularly bullish on Solana (SOL), with 30% of them anticipating a peak of more than $600 before the end of the cycle, according to the survey.
“Solana represents a longstanding consensus among almost all the distributors we talked to,” Dunleavy said.
Sentiment towards Ether (ETH) has been mixed. A third expect only modest gains, with ETH prices ranging between $3,000 and $5,000. Another third see the price of ETH reaching $7,000 before the end of the market cycle, according to the survey.
“Being bullish on ETH is now definitely a contrarian bet,” Dunleavy said.
Cointelegraph Research said that the cryptocurrency market has surged following Donald Trump’s victory in the US presidential election, as many believe his victory will benefit the industry.
Bitcoin rose to a peak of $76,500 the day after the election on November 6, as traders benefited from a wave of broader optimism in the market. Spot prices are now at all-time highs, approaching $85,000.
On November 11, Bitcoin reached a market cap of $1.62 trillion, bringing the global cryptocurrency market cap to $2.71 trillion, according to data from Cointelegraph Markets Pro and CoinMarketCap.
Ether rose 10% after Trump won the election and is now around $3,300, still well below its 2021 highs of over $4,700.
Solana’s native token, SOL, rose 22.5% between November 5 and 7, reaching a seven-month high. At around $220 per token, SOL remains below its 2021 highs of $260.
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