- Bitcoin could potentially reach $250,000 with a total cryptocurrency market cap of $10 trillion.
- Solana’s price could climb as high as $800 if its market dominance increases to 5%.
bitcoin [BTC] and Solana [SOL] they are now predicted to reach remarkable figures by the end of 2025.
The prediction came as Bitcoin, despite recent volatile price action, has embarked on a recovery path, showing resistance above $58,000 after falling below $54,000 last week.
Solana, on the other hand, although slightly down 1.6% over the past week, has maintained a stable trading price around $144.06.
Dive into Bitcoin and Solano’s Future
Cryptanalyst from YouTube channel VirtualBacon file ambitious goals for Bitcoin and Solana, based on detailed market analysis and future potential.
Bitcoin is expected to reach a market capitalization of around $5 trillion by the end of 2025, implying a price of $250,000 per Bitcoin.
This projection is based on the assumption that Bitcoin will maintain 50% dominance in the cryptocurrency market, which should reach a total market capitalization of $10 trillion.
Solano’s projections are equally optimistic, with predictions as high as $800 per token.
These forecasts are based on current market cap growth and growing dominance, which has grown from 0.75% to 3% over the past year. If Solano’s market share reaches 5%, its valuation could see even higher peaks.
This bullish outlook for Solan is supported by its growing supply, which is expected to grow to 625 million tokens by 2025, and an annual inflation rate of 5.2%.
It is worth noting that this forecast for Solana can be considered an update of the analyst’s previous forecast on SOL. In a YouTube video, the analyst noted,
“I estimated a price of $240 to $250 based on the assumption of lower market dominance for Solana. However, with current growth, I now expect the Solana price to reach around $480 assuming 3% market dominance. If Solan’s market dominance increases to 5%, the price could potentially reach $800.”
Who will be the first to reach the predicted mark?
It’s worth looking at the fundamentals of Solana and Bitcoin to see which of these assets is likely to reach its predicted price first. To find out, the retail interest in Bitcoin gives us a hint.
Analysis of retail interest revealed significant trends — data by Glassnode showed fluctuations in active bitcoin addresses, which dropped from more than 900,000 three months ago to less than 600,000 at the end of June.
On July 2, it rebounded to 897,000 and almost reached its April peak.
Source: Glassnode
On the contrary, Solana active addresses showed less stability. Despite peaking at more than 1.2 million in June, the number fell to 882,000, reflecting a less positive trend.
However, Solana has shown a remarkable increase in new addresses, escalating from less than 3 million in April to more than 11 million recently, demonstrating strong adoption of new users.
Source: Solscan
New bitcoin addresses too pointed to over 432K on June 30 after a sustained decline, but pulled back to 272K shortly after. This indicated a revival of interest, which could either stabilize or grow further.
Source: Glassnode
A comparison of these metrics showed that Bitcoin has maintained a strong base of dedicated investors, while Solana is attracting an increase in new users.
Deciding which asset reaches its price target first depends on whether long-term investors or new entrants are influencing the market more strongly.
Historically, new investors tend to drive markets to new highs by increasing demand.
Read Solana [SOL] Price Prediction 2024-25
Given current data and trends, Solana may reach its predicted price before Bitcoin. However, the volatile nature of the cryptocurrency market makes this assessment speculative.
This is recently supported by AMBCrypto suggested that Solana could reach a price of $1,200 by 2025, highlighting its potential rapid growth in the coming years.