VanEck specialists suggested that at the peak of the current bull cycle, the price of the second-largest cryptocurrency by market capitalization will exceed $6000, while Solana and Sui will reach $500 and $10 respectively.
«After this peak, we expect a 30% correction in the price of Bitcoin. At the same time, altcoins may fall more sharply — by up to 60%, which will be associated with market consolidation in the summer. However, by autumn, recovery is likely: major tokens will begin to gain momentum and may return to their historical highs by the end of the year,» noted company representatives.
Analysts predict that the cryptocurrency bull market will reach a 'mid-term peak' in the first quarter of 2025, updating the maximum in the fourth.
«After this peak, we expect a 30% correction in the price of Bitcoin. At the same time, altcoins may fall more sharply — by up to 60%, which will be associated with market consolidation in the summer. However, by autumn, recovery is likely: major tokens will begin to gain momentum and may return to their historical highs by the end of the year,» noted company representatives.
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