The survey, conducted between June 25 and July 8, 2024, involved 2,558 participants and provides a reflection of market sentiment and anticipated trends.
A recent CoinGecko investigation shed new light on the projections for Future prices for major crypto assets as Bitcoin (BTC), Ethereum (ETH) and Solana (SUN), especially after the halving.
43.7% of the surveyed cryptocurrency enthusiasts are confident that Bitcoin could surpass $100,000 in the current cycle, evidencing a notable optimism in the market. This forecast is predominant among experienced investors: 50.5% of those in their second cycle and 51.8% of veterans believe that Bitcoin will reach or surpass this markIn contrast, only 35.2% of new investors expect such a return, revealing a more conservative view typical of recent entrants into the crypto space.
In addition, 17% of respondents believe that Bitcoin could reach between $91,000 and $100,000while 15% are pessimistic, predicting a high of $75,000. The remaining 24.3% expect Bitcoin to be in a more moderate range, between $76,000 and $90,000.
About Ethereum
As for Ethereum, expectations are more diverse. The most common projection, shared by 20.6% of participants, places the price of Ethereum above $10,000. However, 19.2% limit their forecast to $5,000, highlighting the differences in the vision of the future of Ethereum, which has seen moderate growth of 35% year-to-date (YTD). According to Markus Thielen of 10X Research, the current trend in the cycle is dominated by the issuance of memecoins on Solana, which has led to an increase in the price of SOL, unlike Ethereum, whose revenue has declined considerably after a brief surge in March 2024.
ethereum.jpg
Regarding Solana, the feeling is one of cautious hope.Nearly a quarter of respondents (24.9%) do not believe Solana will price above $300 in this cycle. Secondly, 14.7% predict Solana will reach between $300 and $400. While there is general optimism, forecasts for Solana remain mixed and speculative.
This survey provides an overview of post-halving market expectations, showing a spectrum of optimism and caution depending on the type of cryptocurrency and investor experience. However, it is crucial that investors conduct thorough research and consider their personal financial situations before making investment decisions.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
