The Bit market started with mixed signals, led by Bits as the physical BTC ETF was launched, but the rest of the year was somewhat gloomy until the 4th quarter.
As Bit reached new all-time highs, many Altcoins also achieved new highs. Now the question remains what investors can expect from them by 2025.
Therefore, BeInCrypto has analyzed the top 5 coins that everyone is focusing on and looked at which direction they can go in the next 12 months.
Bit (BTC)
Bit had a dream year, setting several new all-time highs. It made history by surpassing $100,000, resulting in a 123% increase for BTC in 2024.
A similar bullishness is expected in 2025 as well, with the pro-crypto president Donald Trump set to take office in January. In an exclusive interview with BeInCrypto, Juan Pellicer, the lead research analyst at the on-chain data platform IntoTheBlock, discussed the potential of Bit.
"The 2025 outlook for Bit looks very strong due to the recent breakout above $100,000. The combination of establishing a floor at these levels, increased institutional adoption, and its proven track record as an inflation hedge, suggests sustained upward momentum. If macroeconomic conditions remain favorable, Bit could establish new price levels as it becomes increasingly integrated into traditional financial portfolios." - Juan Pellicer, Lead Research Analyst at IntoTheBlock
The short-term target for Bit is $120,000, which is only possible if BTC can maintain the $100,000 support level. Otherwise, it could continue to drop to the current support of $89,800.
Ethereum (ETH)
Unlike Bit, Ethereum has not impressed investors, rising only 40% since the start of the year. ETH is struggling at the $4,000 level, which remains a major resistance.
This week was also the biggest drop for the altcoin leader, declining 19% to trade at $3,203. However, the launch of the physical ETH ETF could be a turning point for Ethereum, potentially propelling altcoins further in 2025.
"Ethereum's institutional adoption has been slower than expected, but the total ETH held in ETF addresses has seen a noticeable increase since November. The potential for increased institutional participation through physical ETFs, combined with the continued adoption of Ethereum-based enterprise solutions, suggests substantial upside potential for ETH." - Juan Pellicer, Lead Research Analyst at IntoTheBlock
Ethereum's current goal is to establish the $4,000 level as support. To do this, it first needs to secure $3,419 as support. Otherwise, it could drop below $3,000.
Solana (SOL)
Solana had a relatively better year than Ethereum, but it was not exceptional. This altcoin has received institutional preference and recorded a 79% rally during the year, but expectations were higher.
Breaking out of the $202 and $128 corrections has been a challenge for SOL, and maintaining above them is the key to a sustained uptrend. However, at the time of writing, Solana has fallen back into that range, trading at $182.
Nevertheless, Solana has opportunities due to its strong fundamentals and new use cases.
"Institutional interest appears to be expanding beyond just Bit. Major Blocks are likely to see increased institutional interest due to the potential for new ETF approvals and a clear regulatory framework... This infrastructure and application-centric development can create a more balanced market where multiple assets thrive alongside Bit." - Juan Pellicer, Lead Research Analyst at IntoTheBlock
Solana's current goal is to secure the $202 level as support. That would allow it to form a new ATH above $265. However, if the "Ethereum killer" enters another correction, 2025 could be gloomy for SOL holders.
XRP
XRP did not have a good year, but it had an impressive performance in the 4th quarter. In the last quarter, XRP rose from $0.49 to its yearly high of $2.90 before dropping to the current $2.07. This sharp increase brought 237% growth from the start of the year.
Like Bit, XRP is also expecting strong growth in 2025, thanks to the recently launched RLUSD stablecoin.
"The path of XRP is particularly interesting given the recent developments. The SEC victory was an important catalyst, but the launch of the RLUSD stablecoin and the continued evolution of the XRPL chain provide new vectors for growth. The potential appointment of a pro-crypto SEC chair could provide clear regulatory guidance to strengthen XRP's position. This regulatory clarity, combined with technological advancements, could drive sustained price appreciation." - Pellicer, BeInCrypto.
This positive momentum could push XRP to break the $3.00 barrier, driven by strong demand from new buyers. Institutions will play a key role in meeting this demand, helping the altcoin maintain above $2.00.
Cardano (ADA)
Cardano recorded the most disappointing performance among the largest altcoins. It increased by only 35% over 12 months. This week's 27% drop wiped out a significant portion of the gains recorded in the fourth quarter, bringing the altcoin to $0.80.
The lack of growth has increased concerns about Cardano remaining in the top 10 cryptocurrency asset list. ADA, already in 9th place, is facing threats from chains like TRON (TRX) and Avalanche (AVAX). However, Pelliser has a more positive outlook on 3rd generation cryptocurrency assets.
"While its performance has been lackluster in the current upswing cycle, its potential should not be underestimated. The key to maintaining a top 10 position lies in successful ecosystem expansion and increased utility. The platform needs to showcase concrete use cases and accelerate dApp deployment.
The focus should be on attracting developers and projects that can leverage Cardano's technical advantages. If this effort succeeds, ADA could see renewed interest and price appreciation by 2025. However, this will require substantial execution on development milestones and user adoption metrics." - Pelliser, BeinCrypto.
This positive outlook is only valid if ADA recovers to support the $1.00 level and returns to $1.19. Further growth will require strong demand from investors and robust development by the team.
