Cryptocurrency markets have been on a significant bull run for several weeks. Many traders wonder whether the recent bullish momentum is a signal for a market reversal or whether this is a temporary price hike that will be over soon. Today we look at several price predictions for top cryptocurrencies from Finder.com, including forecasts for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Solana (SOL).
Bitcoin Price Prediction for 2022, 2025, 2030
With Bitcoin prices trading above the $23k level and a global market capitalization surpassing $450 billion, things are looking bullish for the digital asset. However, while Bitcoin maximalists are excited, what do other analysts think?
According to Finder.com’s latest Bitcoin price predictions report, after asking a panel of 53 cryptocurrency and web3 industry specialists, they believe that the digital asset will bottom out at $13k before closing the year at $25k.
Quite a conservative prediction which seems more likely as the year progresses. The likelihood that BTC will drop below the $20k level is substantial as global economic uncertainty is holding off retail investors from rushing to buy Bitcoin, even during bull runs like the ones happening right now.
Martin Froehler, Morpher CEO, said:
“Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.”
If Bitcoin drops below the $20k or $15k level, it could be one of the last chances to capitalize on Bitcoin’s low prices before the global and the crypto bear markets recover. Keeping an eye on inflation and the stock market’s sentiment would be a good gauge for signs of a market reversal.
When it comes to the longer-term price predictions for Bitcoin’s price, the panel agreed that Bitcoin could easily surpass its all-time high of $70k by 2025, with some predicting Bitcoin will be worth close to $180k in 2025 and over $420k by 2030, quite a substantial increase in value over a relatively short span of several years.
Ethereum Price Prediction for 2022, 2025, 2030
Regarding Finder.com’s report regarding Ethereum, the prediction isn’t as bullish. According to the fintech specialists interviewed by Finder.com, the general sentiment is that ETH will drop as low as $675 before ending the year at $1,711.
While Ethereum’s merge trade will provide significant upside to ETH’s market, it would be too early for Ethereum’s price to show substantial price growth this year. The price prediction for Ethereum for 2025 and 2030 is much more bullish, with Digital Capital Management managing director Ben Ritchie predicting ETH to be worth $10k by 2025 and $15k by 2030, claiming that now is an excellent opportunity to purchase ETH.
Most analysts agree that Ethereum’s long-term sentiment is highly bullish, but the crypto asset will likely see another drop below $1,000 later this year. If that does happen, that would be an excellent time to load up on ETH.
Cardano Price Prediction for 2022, 2025, 2030
Regarding Cardano, Finder.com’s latest Cardano report suggests that ADA will end the year at $0.63, slightly higher than its current price of $0.49. Similar to Ethereum, the longer-term price predictions for Cardano are highly bullish, with predictions made that ADA will close 2025 at around $3 and close 2030 at around $6.5.
The fintech specialists interviewed in Finder.com’s reports agree on highly bullish crypto market movements in the next several years, which is an excellent sign for long-term crypto supporters. Crypto markets will continue to outperform stocks with the downside of increased volatility, especially during bear markets like the ones we are experiencing right now.
Fintech analysts cite the reason for the highly bullish Cardano predictions is because its price compared to the Total Value Locked on the platform is exceptionally low. In addition, the project has a long-standing reputation in the crypto community, founded in 2015 and released in 2017. Cardano is a highly underrated crypto asset worth keeping an eye on in the next several years.
Moreover, Cardano is run by academics, making it a highly robust and research-driven blockchain network constantly recruiting developers. It could outpace some of its competitors over the next several years.
Solana Price Prediction for 2022, 2025, 2030
Regarding Solana, Finder.com’s latest Solana price report suggests that SOL is expected to end the year at $45. Almost half the panelists interviewed, 40%, indicated that now is an excellent time to purchase Solana, while the price is relatively low.
Solana is expected to surpass $160 by 2025 and go as high as $500 by 2030, a relatively conservative prediction compared to Bitcoin’s $420k forecast by 2030.
One reason for Solana’s bullish price predictions is the strength of its community. Solana boasts one of the most robust communities supporting the project and is considered a primary competitor to Ethereum. While its market cap is only 10% of ETH’s, Solana could easily show substantial price growth during the next bull market and overtake Cardano.
Solana offers similar services to Ethereum and is one of the leading platforms for NFTs, which could propel SOL to the top.
In addition, the fintech specialists cite favorable comments in the tech community about Solana’s stability and relatively low transaction fees, which make it an excellent option for newer traders looking to get their foot in the door with NFTs, DeFi, Metaverse, and Web3, without having to pay exorbitant network fees for every on-chain action.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!
Image Source: planetofvectors/123RF
Read More:Bitcoin, Ethereum, Cardano, Solana Price Prediction for 2022, 2025, 2030