A recent survey by CoinGecko has unveiled a range of price forecasts for Bitcoin, Ethereum, and Solana amid the ongoing crypto market cycle. Spanning from June 25 to July 8, 2024, the research engaged 2,558 cryptocurrency enthusiasts, shedding light on prevailing market sentiments.
The survey results reveal high expectations regarding Bitcoin, with 43.7% of the participants looking forward to a surge in price above $100,000. Notably, more than half of experienced cryptocurrency traders and veterans expressed even greater optimism, foreseeing Bitcoin surpassing the $100,000 threshold.
Investors displayed strong optimism, with 49.4% foreseeing Bitcoin exceeding $100,000, in contrast to only 22.4% of onlookers who shared this positive outlook. This underlines a notable variance in expectations among different crypto participant groups.
Unlike Bitcoin, Ethereum’s price predictions displayed a more even distribution. Specifically, 20.6% of participants anticipated Ethereum surpassing $10,000. While, a near 19.2% held the view that its peak would cap at $5,000. This diversity may be attributed to the dynamic nature of its ecosystem and its expanding array of L2 solutions.
Crypto enthusiasts expectations for Solana
Moreover, Solana’s future value tended to be conservative, with a notable 24.9% envisioning a peak below $300. This lack of high expectations hints at a general skepticism regarding Solana potential to surpass its previous peak. On the contrary, other forecasts were scattered among different price levels, highlighting the lack of clear agreement on Solana’s trajectory.
Nevertheless, the research involved a broad spectrum of participants in the crypto sphere, with 69% classifying themselves as long-haul investors, 18% as short-term traders, 7% as creators, and 6% as onlookers. Around half of the respondents were experiencing their inaugural crypto phase, while 41% had entered their second cycle.
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