The price of the popular smart contract platform Solana (SOL) will surge to $750 per token, while Bitcoin will move to the $200,000 mark next year amid a cryptocurrency market rally that will help Ethereum’s Ether hit $7,500.
That’s according to a recently published report form Bitwise titled “The Year Ahead: 10 Crypto Predictions for 2025,” which says crypto’s “magnificent three” – referring to Bitcoin, Ethereum and Solana – have “outperformed all major asset classes in 2024” and that the firm expects their momentum to carry into next year.
Its predictions would see both Bitcoin and Ethereum double roughly double, with BTC moving form its current $96,000 level to $200,000 as spot Bitcoin exchange-traded funds (ETFs) are expected to keep on seeing significant inflows, driving demand for the cryptocurrency.
Bitcoin’s price dropped from an all-time high above the $103,000 mark to a low near $95,000 amid a wide cryptocurrency market downturn that saw liquidations near $1.5 billion in 24 hours.
To Bitwise, BTC will also be seeing demand from corporations and governments, which could include the U.S. government if it follows through with its proposals to establish a 1 million BTC strategic reserve. If this does happen, the report reads, then “$200,000 becomes $500,000 or more.”
As for Solana, the firm believes its momentum is “just beginning to build” with serious projects set to move onto the network to complement its ongoing memecoin dominance to help the price of SOL more than triple from around $211 at the time of writing to $750 next year.
Meanwhile Ethereum, which “fell out of favor with many investors” this year, could see a narrative shift next year as activity on Layer-2 networks keeps growing and spot Ether ETFs see “billions in inflows.”
Bitcoin, Ether and Solana’s performance face potential headwinds´
While the Bitwise report notes that catalysts include institutional investment, a U.S. strategic Bitcoin reserve, and an improving regulatory climate coupled with Bitcoin’s lower supply after the halving, there are also significant potential headwinds ahead.
Per Bitwise, a leverage blowout event could be a potential headwind, as could selling by governments that currently hold BTC. Currently, these countries include the Buddhist Kingdom of Bhutan and El Salvador, which could soon scale back its Bitcoin plans over a $1.3 billion deal with the International Monetary Fund (IMF).
