Has the Crypto Market Peaked?
Here’s What the Experts
Say
Has the Crypto Market Peaked? Here’s What the Experts Say
The current crypto market lull has done little to bent the confidence of
analysts and experts who see further price gains in the months ahead.
By Sebastian Sinclair
Jul 2, 2024 Jul 2, 2024
2 min read
Image created by Decrypt using AI.
Create an account to save your articles.
We do the research, you get the alpha!
Get exclusive reports and access to key insights on airdrops, NFTs, and more!
Subscribe now to Alpha Reports and up your game!
Go to Alpha Reports
Decrypt’s Art, Fashion, and Entertainment Hub.
Discover• Объект бренды » Бренды на d » Discover SCENE
After a strong start this year, market participants are wondering what’s next
for crypto.
Not a whole lot, according to some. Others see further price gains throughout
the second half of 2024 following one of the strongest showings in
exchange-traded fund history.
That’s come despite persistent inflation, geopolitical tension, and shifting
politics on U.S• Соединённые Штаты Америки (США). home soil, which could place crypto at the fore of
single-issue voters’ minds come November.
Analysts like Matthew Sigel, head of digital assets research at VanEck, see
further room to run based on historical trends.
AD
AD
"If the current cycle’s durability adheres to previous trends, this could
indicate a potential market top between Q2 and Q4 of 2025," Sigel said in a
recent investor• Экономика » Финансы » Инвестиции » Инвестор note .
Historically, the crypto market has experienced distinct four-year cycles,
with significant price peaks typically occurring post-halving, Sigel said.
The cycles from 2013 to 2017 and 2017 to 2021 have followed this trend, with
new all-time highs achieved after each halving.
Sigel's analysis posits the current market’s cooling phase is a precursor
to yet another surge.
AD
AD
Matt Hougan, chief investment• Экономика » Финансы » Инвестиции officer at digital asset manager Bitwise, also
sees further upside following the eventual launch of U.S• Соединённые Штаты Америки (США). Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum spot ETFs,
which some experts believe could come as early as this month.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs could gather $15 billion in net flows by the end of 2025, Hougan
said in a note on Monday.
“Investors love technology stocks,” Hougan said, referring to investor• Экономика » Финансы » Инвестиции » Инвестор
preferences for “high-growth tech plays,” including Nvidia• Объект бренды » Бренды на n » Nvidia and Meta. “It’s
pretty easy for me to imagine investors selling a small amount of their tech
exposure and adding ETH.”
Still, the $15 billion figure would fall short of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs, Hougan said,
which have already amassed $14 billion in less than six months and are
projected to reach over $50 billion by the end of 2025.
There's also shifting politics to contend with both inside the U.S• Соединённые Штаты Америки (США). and
abroad which could pivot the narrative to clearer regulation for the industry,
according to some.
Traders don’t necessarily have to agree with the political change sweeping
Europe and the U.S• Соединённые Штаты Америки (США). to see how it might be more favorable to crypto, Pav
Hundal, lead market analyst at crypto exchange Swyftx, told Decrypt .
“If nothing else, decentralized finance should surely be more appealing to
business• Экономика » Бизнес and retail investors when the political environment is so
unpredictable,” he said.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a
podcast, videos and more.
STARTTEXT
Your Email• Коммуникации » Интернет-коммуникации » Электронная почта
Get it!
Get it!
AD
Your gateway into the world of Web3
Partner
News
Deep Dives
University
Coins
Videos
Event Calendar
News Explorer
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Halving
About
Team
Disclosures
Manifesto
Terms of Service
Code of Conduct
1000x Member Terms of Service
Privacy Policy
Contact
Careers
Jobs
Shop