Ether (ETH), the second-largest cryptocurrency by market capitalization, is likely to overtake its largest rival bitcoin (BTC) in 2025, Steno Research said in a report on Sunday, citing historical trends and Donald Trump’s election victory. in the United States.
Bitcoin is expected to hit a low of $150,000 next year, up from around $94,000, while ether will more than double to at least $8,000 from $3,400, according to the report.
Steno said he expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing price action seen in previous cycles.
Altcoins will be in focus, he said.
“This expectation is partly based on the argument that Donald Trump’s presidential victory in the United States is more favorable for altcoins than for bitcoin,” wrote analyst Mads Eberhardt.
Bitcoin’s market dominance is expected to fall by as much as 45% from its current level of around 56.6%, according to the note.
The total value locked (TVL) in decentralized applications is forecast to hit a new high of $300 billion next year, Steno said, and if the prediction is correct, it further supports the argument for higher altcoin prices.
The possible introduction of new cryptocurrency exchange-traded funds (ETFs) in the US also reinforces the positive outlook for altcoins, Steno said.
“2025 will see institutional adoption of cryptocurrencies on an unprecedented scale,” the report adds.
Read more: Bitcoin to hit record high of around $185k in 2025 as nation states buy in: Galaxy Research
