According to BlockBeats, on December 31, Steno Research stated in a report on Sunday that Bitcoin's price is expected to rise from approximately $94,000 to a minimum of $150,000 next year, while ETH's price is expected to more than double, rising from $3,400 to at least $8,000. That is, the ETH/BTC exchange rate is expected to rise from the current 0.0357 to 0.06 within the next 12 months, similar to the price trends of previous cycles, and altcoins will become the focus of attention.
Analyst Mads Eberhardt wrote: 'This expectation is partly based on the argument that Donald Trump winning the U.S. presidential election is more favorable for altcoins compared to Bitcoin.'
The report states that Bitcoin's market share is expected to decline from the current approximately 56.6% to 45%. The total locked value (TVL) of decentralized applications is expected to reach a new high of $300 billion next year, which, if the prediction is correct, further supports the argument for the rise in altcoin prices.
