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Home Crypto News & Analysis Market Overview & Trends

what will grow the most in a bull market?

by Daniel Kim
October 23, 2024
in Market Overview & Trends
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what will grow the most in a bull market?
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With the crypto market preparing to turn bullish, people are starting to bet on which will increase its quotes the most among Bitcoin, Ethereum and Solana.

As the main orange coin aims for $70,000, the top altcoins are rallying for the second leg of this bull run.

In this article, let’s look at the price predictions of analysts on these 3 cryptocurrencies for 2025. All the details below.

The Bitcoin rally opens the doors to the crypto bull market

Bitcoin ends the week with a +9.80% which brings back the bullish spirit of the market, while the top altcoin like Ethereum and Solana follow its performance.

Judging by the price action of these first 21 days of October, the fourth quarter looks explosive for crypto assets.

Historically, the last months of the year are the ones where Bitcoin, the driving force of the crypto sector, shows the biggest percentage changes.

To give an idea, from 2013 to 2024, the average returns of BTC in the market are 82%.

In 2020, at the dawn of the last bull run, the coin closed Q4 with a +168% which led it to reach new highs above 20,000 dollars.

If history repeats itself, we will likely see the asset above 100,000 dollars by the end of the year.

Source: https://www.coinglass.com/today

Undoubtedly, the current bull situation in the crypto sector is due to the widespread enthusiasm for the US presidential elections, where Donald Trump appears to be the favorite candidate.

Indeed, the republican has expressed his support for the crypto industry several times, both for Bitcoin and for other coins such as Ethereum and Solana.

Added to this are encouraging macro data on the front of inflazione and the labor market in the United States, in addition to the introduction of strong economic stimuli from China

If there are no particularly aggravating tensions in the Middle East and no new black swans appear, we can confidently celebrate the return of the bull run.

Also, keep an eye out for the prices of the main stock indices and their impact with the latest macroeconomic and geopolitical updates.

The S&P 500, as well as gold, are at all-time highs. Now it’s Bitcoin and crypto’s turn.

Solana and Ethereum May Outperform Bitcoin: Watch Out for These Signals!

As mentioned, the rally of Bitcoin to 70,000 dollars also goes along with Ethereum and Solana after the price increase.

Some investors believe that these two altcoins could outperform the main cryptocurrency during the second leg of the bull market.

Despite the fact that at this moment we are still in the “Bitcoin Season” phase with the BTC dominance increasing, the first positive signals on the alts are already starting to emerge.

Ethereum emerges as the first potential asset to challenge the benchmark, after two years of price action favoring Bitcoin.

In the past week, ETH regained the $2,700 level, closing at +11.26%, supported by theories of a possible sudden price surge.

Open interest and funding rate of futures accompany the speculative movement of Ethereum, which is becoming increasingly attractive to investors.

Furthermore, the ecosystem of the second most famous blockchain in the world is rapidly expanding, highlighting the strong potential in the medium term.

On the other hand, Solana is emerging as the main competitor of Ethereum, possibly even beating the performance of Bitcoin.

The currency has risen 535% since October last year, miraculously resurrected after the bad story of the FTX crash that pushed prices around 10 dollars.

In 2024, SOL grew more compared to BTC and ETH and now many expect this condition to continue for the coming months.

In the last week of trading, the crypto rose by 13%, bringing the chart structure back to a bullish pattern.

Supporting the bullish thesis on Solana is the derived data, which also shows open interest and funding rate on the rise.

To also add how the integration of the memecoin landscape on the chain and the latest developments on gaming platforms provide narratives that can be driven by the market.

Future Price Predictions: Who Will Grow More Between BTC, ETH and SOL?

At this point, let’s look at the predictions of analysts on the price trends for the trio of Bitcoin, Ethereum and Solana. Starting with the “goat”, we note how the indications of the cryptographic platform CoinCodex suggest a new high towards the end of the year.

More specifically, in December 2023, the currency should reach the value of 97,700 dollars, while it will exceed the threshold of 100,000 dollars in 2025.

The high of the next bull run expected for Bitcoin is set at 125,000 dollars, while the minimum price will still be above 90,000 dollars in case of a downward reversal.

Here’s what the company’s experts reported verbatim:

“According to our current Bitcoin price predictions, the price of Bitcoin is expected to increase by 51.45%. Based on the predictions, now is a good time to buy Bitcoin.

Source: https://coincodex.com/crypto/bitcoin/price-prediction/

On the Ethereum front, the same CoinCodex predictions are even more optimistic.

The analysts are betting on a 35% increase by the end of the year with the crypto expected to surpass a listing of 3.5000 dollars.

During the following year, Ethereum was able to express its maximum potential by reaching a new price record of 6,400 dollars.

It is unlikely to fall below 3,000 dollars in 2025, especially if a market phase arrives in which it gains dominance compared to Bitcoin and stablecoin.

Here, too, we expect a bull market full of satisfaction for Ethereum and its entire ecosystem of decentralized applications.

Source: https://coincodex.com/crypto/ethereum/price-prediction/

Finally, CoinCodex assumes a fertile ground for price increases as well for Solana, which should rise to 190 dollars as early as next month.

Towards the end of the year, the projections are rather slightly lower, while it becomes extremely bright again for 2025.

In detail, Solana is expected to register a new ATH in the next year, exceeding the threshold of 350 dollars. At the same time, the coin will not fall below 160 dollars, highlighting a potentially rewarding period for investors.

Buckle up: the bull market is coming!

Source: https://coincodex.com/crypto/solana/price-prediction/

Disclaimer for Uncirculars, with a Touch of Personality:

While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.

No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.

And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.

Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!

UnCirculars – Cutting through the noise, delivering unbiased crypto news

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Daniel Kim

Daniel Kim

Complex concepts lose their intimidating edge when spun into captivating narratives. Daniel's talent for clear storytelling transforms dry data and technical jargon into engaging content that keeps you informed and entertained.

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