Ethereum (ETH) Set to Outperform Bitcoin (BTC) by 2025: Steno Research Prediction
In a groundbreaking report published by Steno Research on Sunday, it was revealed that Ethereum (ETH) is poised to surpass Bitcoin (BTC) in performance by 2025. This prediction is based on historical trends and significant events like Donald Trump’s U.S. election victory.
Ethereum Price Surge Expected
According to the report, Ether, the second-largest cryptocurrency by market cap, could more than double in price next year, reaching a minimum of $8,000. This significant increase is a stark contrast to Bitcoin’s forecasted price of at least $150,000, up from its current value of approximately $94,000.
Steno Research anticipates that the ether/bitcoin ratio will rise to 0.06 within the next 12 months, reflecting patterns observed in previous market cycles. Analyst Mads Eberhardt highlighted that altcoins will be a focal point, attributing this trend to the perceived advantage of altcoins over bitcoin following Donald Trump’s U.S. presidential victory.
Market Dynamics and Future Trends
The report also suggests that Bitcoin’s market dominance is expected to decrease to as low as 45% from its current level of around 56.6%. Additionally, Steno Research projects a significant increase in the Total Value Locked (TVL) in decentralized applications, reaching a new high of $300 billion in the coming year. These factors, coupled with the potential introduction of new cryptocurrency exchange-traded funds (ETFs) in the U.S., contribute to a positive outlook for altcoins.
Expert Insights from Will Canny
Will Canny, a seasoned market reporter covering the cryptocurrency beat, emphasizes the unprecedented institutional adoption of crypto expected in 2025. This influx of institutional interest is likely to drive the market towards higher altcoin prices, aligning with Steno Research’s optimistic forecast.
As we look towards the future of the cryptocurrency landscape, the potential for Ethereum to outshine Bitcoin marks a significant shift in the market dynamics. With expert predictions and historical data supporting this projection, investors and enthusiasts alike are eager to see how these developments will unfold in the coming year.