Nexo: Bitcoin and Ethereum are expected to grow in 2025, while Solana's development trajectory remains uncertain
According to ChainCatcher news, the latest Dispatch report from Nexo discusses the recent cryptocurrency market:
Bitcoin: Bitcoin reaching $100,000 may become a key support zone, with $2 billion flowing into spot ETFs at the beginning of January further solidifying this support level. Historical trends indicate that Bitcoin may rise further in January, as it has previously increased by 20-30% during this period. The report also notes that institutional investors like MicroStrategy will continue to accumulate Bitcoin.
Ethereum: With the number of long-term holders continuously increasing (currently accounting for over 75% of investors) and strong inflows into spot ETFs, combined with high leverage in the futures market, there is optimism about this asset in 2025, suggesting that Ethereum is also poised for growth.
Solana: At the beginning of 2025, Solana faces potential resistance due to a surge in market activity, and its development trajectory remains uncertain. Although technical indicators show bullish momentum, a sell-off may occur.
Meanwhile, the broader cryptocurrency market is experiencing volatility due to the unlocking of billions of dollars in tokens this month, with daily releases of assets like Solana and Dogecoin (DOGE) expected to impact short-term price movements.
The report emphasizes that some macroeconomic factors, such as U.S. labor market statistics, are significant influences on cryptocurrency demand, particularly for Bitcoin.
