Ether could more than double in price next year and reach at least $8,000, the report said.
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Ether is expected to surpass Bitcoin next year, report says.
Steno said ether could rise to at least $8,000 by 2025.
Altcoins will be in focus next year as Bitcoin's dominance is predicted to fall, Steno said.
Ether (ETH), the second-largest cryptocurrency by market capitalization, is likely to overtake its largest rival, Bitcoin (BTC), by 2025, Steno Research said in a report on Sunday, citing historical trends and Donald Trump’s US election victory.
Bitcoin is expected to hit a low of $150,000 next year from $94,000 currently, while Ether is set to double to at least $8,000 from $3,400, the report said.