Cryptocurrency markets have been experiencing a significant bull run for several weeks. Many traders are wondering if the recent bullish momentum is a signal for a market reversal. It also questions whether this is a temporary price increase that will end soon. Finder shared forecasts for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL).
Bitcoin (BTC) price prediction
Bitcoin is trading above the $22,000 level. Also, the leading crypto has a global market cap of over $430 billion. In the last week, Bitcoin has been on the rise. But while Bitcoin maximalists are excited, what do other analysts think? Finder asked a panel of 53 cryptocurrency and web3 industry experts. According to the survey result, respondents predict that Bitcoin will drop to $13,000 before closing the year from $25,000.
It’s a fairly conservative estimate that seems more likely as the year progresses. Global economic uncertainty is keeping individual investors from rushing to buy Bitcoin even during bull runs like it is now. For this, the possibility of BTC falling below the $20,000 level is important. Martin Froehler, CEO of Morpher, says:
Individual sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners forced to digest the Chinese outflow will capitulate. It will also further increase the downward pressure. We will see even lower Bitcoin prices.
When it comes to longer-term price predictions for Bitcoin price, respondents agree that Bitcoin can easily exceed the ATH level of $70,000 by 2025. Some predict that Bitcoin will hit close to $180,000 by 2025 and over $420k by 2030.
Ethereum (ETH) price prediction
Finder’s predictions for Ethereum are not that optimistic. The general view is that ETH will fall as low as $675 before ending the year at $1,711. It is possible that Ethereum’s Merge trade will give the ETH market a significant boost. However, it will be too early for the price of Ethereum to show a significant price increase this year.
Ben Ritchie, managing director of Digital Capital Management, predicts that ETH will be worth $10,000 by 2025 and $15,000 by 2030. It also claims that now is an excellent opportunity to buy ETH. Most analysts agree that Ethereum’s long-term sentiment is highly bullish. However, the crypto asset will likely see another drop below $1,000 later this year.
Cardano (ADA) price prediction
Findaer’s latest Cardano report shows that ADA will close the year at $0.63. Since the current Cardano price is at $ 0.49, it means that it will rise a little more from here. However, the long-term price predictions for Cardano are quite bullish. Survey results include estimates that ADA will close 2025 at around $3 and 2030 at around $6.5.
Experts agree on some pretty bullish crypto market moves in the next few years. This is also an excellent sign for long-term crypto supporters. Fintech analysts also explain the reason for the extremely high Cardano forecasts. According to analysts, the price is extremely low when compared to Total Value Locked on the platform. In addition to this, Cardano has a long standing reputation in the crypto community.
Moreover, Cardano is run by academics. This makes it a highly robust and research-based blockchain network that constantly recruits developers. According to experts, it is possible that it will surpass some of its competitors in the next few years.
Price prediction for Cardano rival Solana (SOL)
Finder’s survey shows SOL will end the year at $45. Nearly half of the panelists interviewed, 40%, say it’s the perfect time to buy Solana, despite the relatively low price. Solana is expected to exceed $160 by 2025 and up to $500 by 2030. This is a relatively conservative estimate compared to Bitcoin’s forecast of $420,000 by 2030.
One reason for Solana’s bullish price predictions is the strength of its community. Solana has one of the robust communities supporting the project. As you follow on Kriptokoin.com, it is considered to be the primary competitor of Ethereum. According to experts, it is possible for Solana to show a significant price increase in the next bull market. In fact, it is likely to surpass its rival Cardano.
In addition, fintech experts cite positive comments in the tech community about Solana’s stability and relatively low transaction fees. This makes it a great option for new traders looking to step in the door with NFTs, DeFi, Metaverse and Web3.
5998
