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Bitwise Unveils Crypto Predictions for 2025, Says One Top-10 Altcoin Set To Explode 250% This Year

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Digital asset investment manager Bitwise is unveiling its predictions for cryptocurrencies and the industry in 2025.

Starting with Solana (SOL), Bitwise’s head of research Ryan Rasmussen says the asset manager is predicting that the Ethereum (ETH) rival will skyrocket by 250% and hit a price of $750 this year.

Solana is trading at $214 at time of writing, around 18% below the all-time high price of $263 reached in November of 2024.

On Bitcoin (BTC), Bitwise predicts that the crypto king will surge by 106% from the current level to reach a price of $200,000 in 2025. Ethereum, according to Bitwise, will rally by around 99% from the current level to hit a price of $7,000 this year.

Bitcoin is trading at $96,940 at time of writing while Ethereum is worth $3,521.

Turning to US spot Bitcoin exchange-traded funds (ETFs), Rasmussen says Bitwise expects the inflows in 2025 to surpass last year’s figures. The cumulative total net inflows into the US spot Bitcoin ETFs as of January 3rd amounted to approximately $35.66 billion.

Rasmussen also says that Bitwise is predicting that the number of countries holding Bitcoin in their reserves will double in 2025. Some of the countries that currently hold Bitcoin reserves include El Salvador. The Central American country holds over $588.95 million in Bitcoin as of January 3rd.

The Bitwise head of research also cites the crypto asset manager’s bonus prediction that is projected to materialize further into the future.

“In 2029, Bitcoin will overtake the $18 trillion gold market and trade above $1 million.”

Bitcoin has a market cap of approximately $1.917 trillion at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report

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Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota.

Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an Arabian Gulf Business Insight report.

The facility will add over 2.7 exahashes to Phoenix Group’s mining arm once fully operational. Phoenix Mining chief executive Reza Nedjatian described the U.S. as a key market for the company, calling the new facility a vital step in its investment strategy. The latest expansion follows another move to strengthen its U.S. presence, as Phoenix Group previously opened a 25 MW mining facility in Willamette, South Carolina.

Founded in 2017, Phoenix Group is the largest crypto mining operator in the MENA region as it manages 765 MW of mining facilities in the U.S., Canada, and the UAE. The firm is also the distributor of MicroBT Bitcoin mining devices in countries like Egypt, Turkey, and Kenya, among others.

In October 2023, Phoenix Group became the first private crypto and blockchain company listed on the Abu Dhabi Securities Exchange. Its IPO raised $370 million, with subscriptions exceeding the initial offer by 33 times. The strong interest from retail investors also surpassed expectations by 180 times. Phoenix Group plans to list on Nasdaq by 2025 to grow its global presence, although the exact timeline is still unclear.



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Ali Martinez

$4,000 Solana? Trader Ali Martinez Says SOL Forming Potentially Massive Cup and Handle Set Up

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A closely followed crypto analyst says that smart contract platform Solana (SOL) is potentially forming a bullish technical pattern that could see it surge by over 1,700%.

In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that it’s possible the Ethereum (ETH) rival is forming a cup-and-handle pattern that could push it to astronomical levels.

“There’s a chance SOL is forming a cup-and-handle pattern, and it will reach $4,000!”

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Source: Ali Martinez/X

A cup and handle is typically observed when the price movement of an asset forms a “cup” pattern before printing a smaller “handle” structure which suggests consolidation prior to a potential breakout.

Solana is trading for $215 at time of writing, a 1.3% decrease during the last 24 hours. If Solana were to reach Martinez’s target price, it would represent a staggering 1,760% increase.

Moving on to the flagship digital asset Bitcoin (BTC), Martinez notes that Coinbase’s Premium Index – which tracks the price premium for BTC on Coinbase and therefore its demand in the US by proxy – suggests that institutional demand for the top crypto asset by market cap is ramping up in America.

“The Coinbase Premium Index recently hit -0.23%, a two-year low, but it’s now rebounding quickly. This signals growing institutional demand for BTC from US-based investors!”

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Source: Ali Martinez/X

Bitcoin is trading for $98,137 at time of writing, a marginal decrease on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Charles Hoskinson Issues Major Cardano Lace Wallet Update

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Cardano founder Charles Hoskinson took to the X platform recently to inform members of the ADA community of what the future holds for Lace Wallet. He hinted at the numerous upgrades planned out for the Cardano-based light wallet platform this year.

The Potential Lace Wallet Upgrades

In his X post, Hoskinson suggested that Lace would make a debut on multiple platforms. This is in addition to the other new and exciting features that the wallet would welcome.

Only a few days ago, the Cardano Founder voiced his optimism on the possibility for Lace Wallet to become a “powerhouse” this year. This was around the time when the wallet announced that its migration of users from Nami to Lace, was in “full swing. ”

Apart from Lace, the Cardano ecosystem is also working on enhancing other solutions within the ecosystem. In November, Hoskinson engaged Ripple’s CTO David Schwartz in a technical discussion around Midnight and XRP.

As a privacy-focused blockchain project, Midnight is designed to enhance secure data handling while also maintaining regulatory compliance. Hoskinson is very positive about Midnight’s potential to drive the evolution of privacy-centric Decentralized Applications (dApps) and further blockchain development.

Their discussion suggests that there may be an impending collaboration between Cardano and Ripple in the near future.

In the case of Voltaire, the Chang Hard Fork upgrade, which ushers this decentralized governance era launched in September. This launch put Cardano’s future in the hands of the community to govern.

Consequently, Hoskinson confirmed that his last duty for the ecosystem “is to remove any roadblock for this transition.” He promised to prevent any bottleneck that will derail the plans this year.

The Cardano Bitcoin DeFi Plans

In addition to the different solutions designed by developers in its ecosystem, Cardano has plans to explore Bitcoin DeFi. There is currently a growing clamor for utility around the flagship cryptocurrency and recent partnerships between Cardano and BitcoinOS to create a bridge for both ecosystems.

So far, the Cardano team has been saddled with the responsibility of coming up with a meaningful Bitcoin roadmap demo by May 2025. To achieve its set goals, Charles Hoskinson stated that Cardano will collaborate with Fair Gate Labs, a Multi Party Computational protocol.

Notably, Cardano price is up 3.4% in 24 hours to $1.07 as investors remain hyped by its upgrades and ecosystem plans.

 

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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