Recent research from CoinGecko offers new insights into future price expectations for leading crypto assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) after the latest crypto halving event.
The survey gathered data from 2,558 participants from June 25 to July 8, 2024. It showcases market sentiment and gives a rough idea of anticipated market trends.
Bitcoin, Ethereum, and Solana Price Target
A notable 43.7% of crypto enthusiasts surveyed believe Bitcoin could surpass $100,000 in the current cycle, signaling strong market optimism.
This expectation is especially prevalent among experienced investors; approximately half of those in their second cycle (50.5%) and veterans (51.8%) foresee Bitcoin exceeding this high mark. Conversely, only 35.2% of newcomers predict such performance, displaying a cautious outlook typical of those newer to the crypto markets.
Additionally, 17.0% of respondents envision Bitcoin reaching between $91,000 and $100,000. However, 15.0% adopt a bearish stance, predicting a maximum of $75,000. The rest, about 24.3%, see Bitcoin climbing to a more moderate $76,000 to $90,000 range.
Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030
Investor sentiment on Ethereum shows a broader spread of expectations. The most common forecast, shared by 20.6% of participants, places Ethereum above $10,000. Meanwhile, 19.2% cap its potential at $5,000. This division highlights the ongoing debates within the Ethereum community, influenced by its relatively sluggish performance, with only a 35% increase year to date (YTD).
Meanwhile, other crypto assets like Bitcoin and Solana have been up by 51% and 65%, respectively, YTD.
“This cycle is more about meme coin issuance on Solana, and this is why Solana has been outperforming, as users need to buy SOL—but not ETH. Although Ethereum revenues are meager this cycle as nobody is using ETH anymore, revenues had a mini-rally in March 2024 but have massively declined this month. Ethereum prices could follow,” Markus Thielen from 10X Research said.
| Rank | Ethereum Price Prediction | Survey Respondents |
|---|---|---|
| 1 | >$10,000 | 20.6% |
| 2 | $4,000 – $5,000 | 19.2% |
| 3 | $5,000 – $6,000 | 14.0% |
| 4 | $7,000 – $8,000 | 12.6% |
| 5 | $9,000 – $10,000 | 11.7% |
| 6 | $6,000 – $7,000 | 11.4% |
| 7 | $8,000 – $9,000 | 10.6% |
The majority of crypto participants harbor cautiously optimistic views regarding Solana. Nearly a quarter of respondents (24.9%) make the most popular prediction that Solana’s price will not exceed $300 this cycle.
Following closely, 14.7% of those surveyed predict Solana will reach between $300 and $400. Despite the general optimism, the precise trajectory for Solana remains a topic of speculation, with a diverse range of predictions.
Read more: Solana (SOL) Price Prediction 2024/2025/2030
| Rank | Solana Price Prediction | Survey Respondents |
|---|---|---|
| 1 | $200 – $300 | 24.9% |
| 2 | $300 – $400 | 14.7% |
| 3 | $400 – $500 | 12.6% |
| 4 | $500 – $600 | 12.0% |
| 5 | >$1,000 | 10.6% |
| 6 | $600 – $700 | 7.7% |
| 7 | $900 – $1,000 | 6.9% |
| 8 | $700 – $800 | 5.9% |
| 9 | $800 – $900 | 4.6% |
The survey reveals varying levels of optimism and caution across different crypto assets and investor experiences. While seasoned investors show a bullish outlook, particularly for Bitcoin, the newer entrants are more conservative. These insights shed light on the post-halving market investments.
However, investors should note that while this survey offers a snapshot of current sentiments, it is crucial to conduct thorough research and consider personal financial situations before making investment decisions.
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