Ether Expected to Surpass Bitcoin with Prices Forecasted at $8,000
Ether (ETH), the second-largest cryptocurrency by market cap, is projected to outperform bitcoin (BTC) in 2025, according to a report from Steno Research. This assessment is based on historical trends and the anticipated impact of Donald Trump's U.S. election victory.
Bitcoin is expected to reach a minimum price of $150,000 next year, rising from approximately $94,000, while ether is forecasted to more than double to at least $8,000 from its current value of $3,400.
The report indicates that the ether/bitcoin ratio is likely to increase to 0.06 within the next 12 months, up from the current 0.0357, reflecting patterns observed in previous cycles.
Steno Research emphasizes a focus on altcoins, suggesting that Trump's election win may be more favorable for them compared to bitcoin, as noted by analyst Mads Eberhardt.
Bitcoin's market dominance is anticipated to decline to around 45%, down from its current level of about 56.6%.
The total value locked (TVL) in decentralized applications is projected to reach a new high of $300 billion next year, further supporting the case for increased altcoin prices. Additionally, the potential introduction of new cryptocurrency exchange-traded funds (ETFs) in the U.S. contributes to a positive outlook for altcoins.
The report concludes with the expectation that 2025 will see unprecedented institutional adoption of cryptocurrencies.