Ethereum may reach $7000 by 2025, and SOL may reach $750
The probability of the Federal Reserve maintaining interest rates in January 2024 is 88.8%, while the probability of a 25 basis point rate cut is 11.2%. This indicates that the market's expectation for the Federal Reserve to maintain its current policy stance is quite strong, which brings more stability to the financial markets, especially the cryptocurrency market.
Another market trend worth noting is an interesting bet in the prediction market. According to data from Polymarket, the current odds in the betting pool regarding 'whether a new country will purchase Bitcoin by 2025' is 75%.
This means that the market's expectation for more countries to adopt Bitcoin as a legal reserve asset is increasing.
It is expected that by 2025, the price of Ethereum may reach $7000, while SOL (Solana) could potentially exceed $750. As an important part of blockchain technology, the future development prospects of Ethereum are undoubtedly noteworthy. Ethereum not only dominates the smart contract field but also its ongoing 'Ethereum 2.0' upgrade further enhances its market competitiveness.
Solana (SOL), as a high-performance public chain, with its high-speed transaction processing capacity and low transaction costs, has seen an increasing number of application scenarios in DeFi and NFT fields, also providing strong support for its price growth.
The U.S. spot Ethereum ETF saw a net outflow of 23,100 units yesterday, valued at $77.5 million
