($ETH )Ethereum to Break Out in 2025? Price Could Hit $8,000
Ethereum (ETH) is predicted to outperform Bitcoin (BTC) by 2025, according to a report from Steno Research.
The prediction is based on historical trends and favorable cryptocurrency regulations following a likely victory for presidential candidate Donald Trump in the November election.
ETH Waiting for New High?
Despite the cryptocurrency market hitting a record $3.9 trillion this year, Ethereum has yet to really break out.
However, the report suggests that $ETH could hit $8,000 by 2025 thanks to increased institutional investment and supportive regulations.
Bitcoin is also forecast to peak at $150,000, but Ethereum could more than double from its current price of $3,400. The ETH/BTC trading pair is also expected to rise from $0.035 to $0.06 over the next 12 months.
DeFi Will Soar
The report also highlights the recovery of DeFi (decentralized finance) activities in the Ethereum ecosystem, with the total value locked (TVL) expected to reach $300 billion by 2025.
In addition, the launch of Ethereum exchange-traded funds (ETFs) will attract large capital inflows, reinforcing the bullish trend for ETH.
In addition, the report also noted that ETH increased by 10% after the November election, thanks to optimism about DeFi regulations.
Currently, $ETH is trading at $3,417, up 3% in the last 24 hours.