In brief
- Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL.
- ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025.
- Predictors are split though about SOL’s chances of creating a new all-time high later this year, after it has fallen around 33% from its January mark.
Crypto offers many ways to put your money where your mouth is, including the use of prediction markets to leverage your knowledge in real time against your peers.
On Myriad Markets, users can make predictions via Ethereum layer-2 networks Linea and Abstract, cashing in with points or USDC when their predictions come true.
(Disclaimer: Myriad Markets is a product of Decrypt parent company, DASTAN).
As Bitcoin made a new all-time high this week, predictors are rushing to make their thoughts known about where the prices of Ethereum (ETH), XRP, and Solana (SOL) are going next in this week’s top markets.
ETH to hit $5K in 2025?
Market Open: July 31
Market Close: December 31
Volume: $7.69K
Link: See the latest odds on the “ETH to hit $5K in 2025?” market on Myriad
Ethereum has been the talk of the town among cryptocurrency enthusiasts recently, jumping more than 53% in the last month and closing in on new all-time highs in the process.
The second-largest crypto asset is now trading at $4,544–just 6.6% off the all-time high price of $4,878 it set in 2021. And it got within $100 overnight before the broader crypto market cooled.
But will it create a new all-time high and jump even higher to $5,000 before the year ends?
Myriad predictors believe so, giving odds of ETH surpassing $5,000 at 82% as of Thursday. Those odds stand despite ETH rejecting a push towards the all-time high price on Wednesday, and falling back after a hotter-than-expected PPI report landed Thursday morning.
That optimism likely stems from the relentless ETF inflows and the Ethereum treasury race, which has prominent publicly traded firms like SharpLink Gaming and BitMine Immersion Technologies battling against each other to accumulate ETH at every turn.
One analyst told Decrypt on Thursday that when you combine those factors, “the result is deep structural demand meeting finite supply.” Enough demand for a push to $5K before 2025 ends? Time will tell.
What’s Next? The next major catalyst for crypto prices could be the Federal Reserve’s September actions and potential rate cut.
XRP’s next hit: Moon to $4 or dip to $2?
Market Open: July 31
Market Close: December 31
Volume: $5.53K
Link: See the latest odds on the “XRP’s next hit” market on Myriad
Ripple-linked cryptocurrency XRP reached a new all-time high price in July, but has since slipped 16% to $3.06 as of Thursday.
That leaves it $0.94 short of the benchmark in Myriad’s market, which asks predictors whether XRP will “moon or dip” next, finding itself at $4 or $2 first.
Predictors are leaning toward $4, with 68% of users siding with the higher mark as of Thursday morning. That position has jumped nearly 18% in the last week as XPR gained ground, now sitting just around a 31% gain away from $4.00.
Catalysts may be lurking. Last week, Ripple celebrated a major victory when its long-standing lawsuit with the SEC finally reached an official conclusion, ending a more than four-year legal battle.
Plus, the network is ramping up its search for additional developers, hoping to use grants and funding to attract talent that could spur more activity on its EVM sidechain, fueling XRP further.
Will it be enough to push toward Standard Chartered’s $5.50 year end price target?
What’s Next? ETF inflows have played a major role in propelling Bitcoin and Ethereum, and the prospect of an XRP ETF being approved this year still stands.
New Solana ATH by year end?
Market Open: August 6
Market Close: December 30
Volume: $14.4K
Link: See the latest odds on the “New Solana ATH” market on Myriad
Once the darling of the cycle and home to President Trump’s official meme coin launch, Solana has been mired in a bit of a slump since early January when it set its current all-time high mark just shy of $300.
That mark stands 33% away now—a required gain that has Myriad predictors split on the asset’s ability to create another new all-time high in 2025.
Myriad’s market odds have tightened, though, as Solana has charged back up towards $200 on a nearly 14% gain in the last seven days. As recently as August 9, predictors gave the odds of a new all-time high in 2025 just a 31% chance, a number that now stands at more than 45% as of Thursday.
Some of that may be attributed to the crypto market’s resurgence, but behind the scenes, things may be adding up for Solana as well. For example, after the announcement of Trump’s recent executive order, analysts told Decrypt that Solana could stand to benefit if it ultimately winds up with an approved spot ETF—something that other analysts deem a “near lock” for 2025.
Plus, meme coins on the network are in the spotlight once more after leading token launchpad Pump.fun’s recent ICO. Solana has already earned its share of publicly traded treasury companies.
What’s Next? Like XRP, Solana has outstanding ETF filings—U.S. approvals could be a major catalyst alongside September rate cuts.
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