Solana, the next ATH? While Bitcoin reached a new all-time high adjusted for inflation, surpassing the 80 000 dollarsthe analysts of Standard Chartered see even higher for the king of cryptos. They even predict that Solana (SUN) could be the next big crypto to hit a new high.
- Bitcoin has reached a new inflation-adjusted all-time high, surpassing $80,000, and analysts predict it could reach $125,000 by the end of 2024.
- Solana (SOL) could be the next big crypto to hit a new all-time high before the end of the year, according to predictions from Standard Chartered's Geoff Kendrick.
Bitcoin at $125,000
According to Geoff Kendrickanalyst at Standard CharteredBitcoin could reach $125,000 by the end of the year 2024, or even before Donald Trump's inauguration on January 20, 2025. Kendrick previously predicted that Bitcoin would reach $80,000 before the US presidential election, and he remains optimistic that this uptrend will continue.
“$125,000, which I forecast for the end of the year, is the next level, although I note that after the 2016 election, many Trump-related trades peaked around January 20. (…) So if BTC cannot reach $125,000 by December 31st, I think it will by January 20th. »
Solana, soon the ATH?
But Bitcoin isn't the only crypto on Kendrick's radar. The analyst also predicts that Solana (SUN) could reach a new all-time high before the end of the year. SOL's previous record is 260 dollarsreached in November 2021. According to Kendrick, Solana could surpass this level in the coming weeks.
“A new all-time high for SOL (the all-time high is $260 in November 2021) before the end of the year seems inevitable. For a new all-time high for ETH (which is $4,866 in November 2021), we will probably have to wait, roughly speaking, until the inauguration. More generally, we believe that all cryptos will continue to rise, but that among the three [BTC, ETH et SOL]SOL is likely to perform best. »
Cardano (ADA) and the booming crypto market
Besides Bitcoin and Solana, Cardano (ADA) also experienced a notable increase. The founder of Cardano, Charles Hoskinsonrecently declared its intention to lobby the Trump administration for favorable crypto policy, which caused ADA to climb by more than 35% over the past 24 hours.Hoskinson mentioned his personal relationships with some lawmakers and members of the Trump administration, hoping to be able to positively influence crypto regulation.
“I have personal friendships with some legislators and some people who are now members of the Trump administration. We hope to be able to have big dialogues with them in the coming months to put some of this policy in place and I hope to be part of it, but that remains to be decided based on the fact that they are not even in office yet . »
With a total capitalization of the crypto market which could reach 10 trillion dollars by 2026 according to Kendrick, investment opportunities continue to grow. Standard Chartered's predictions echo those of JP Morgan, which also sees Bitcoin reaching 125 000 dollars. As the crypto market prepares for an explosive end to the year, Solana might just be the next big star to watch.
