Bitcoin is predicted to continue dominating the cryptocurrency market in 2024, far outpacing Ethereum. However, experts believe this situation could change in 2025.
According to analysis from Matrixport, Bitcoin's dominance is remarkable, peaking at a market share of 61% before slightly declining to 54%.
Meanwhile, Ethereum is witnessing a significant decline as its market dominance ratio falls from 18% to just 12%, particularly following the introduction of Spot Ethereum ETFs.
Despite facing challenges, Matrixport emphasizes that the outlook for Ethereum could brighten significantly in 2025.
Investor attention is currently shifting towards Solana in the altcoin segment, but analysts forecast that ETH will soon attract interest from traditional financial institutions, helping to boost demand for this token.
The wave of interest from institutions, along with the influx of capital into ETH ETFs, could create strong growth momentum, positioning Ethereum to challenge Bitcoin's throne in the near future.
Although largely missing out on Bitcoin's growth in 2024, ETH seems ready for an impressive 'comeback' in 2025.
