Categories: MarketsMenafn

Solana Will Hit $750 Next Year as BTC Moves to $200,000.: Bitwise Report

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).

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Ethereum Price Prediction: Can ETH Sustain Its Bullish Momentum as Price Surges 15%?

Ethereum is back in the spotlight, not for explosive price action, although it has made…

10 hours ago

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk

Ajman, UAE, 25th April 2025, Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic…

19 hours ago

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment system

The Rise of Autonomous Finance: How 9M is turning AI into a fully operational investment…

19 hours ago

Echo Launches Real Unique Tokenomics with Real Yield in USDC

Douglas, Isle of Man, 25th April 2025, ZEX PR WIRE, Echo is about to launch…

20 hours ago

World of Dypians Wins $450K in BNB Chain’s Support Program and Announces Monumental New Features

Tortola, BVI, 25th April 2025, ZEX PR WIRE, World of Dypians (WoD), a highly immersive…

21 hours ago

Hyperliquid Price Analysis: HYPER Eyes $20 as Price Tests Critical Resistance

Hyperliquid (HYPE) has staged an impressive climb, doubling in price since its low of $9.30 on…

22 hours ago