While Ethereum (ETH) is expected to lag behind Bitcoin in 2024, this could change in 2025. Cryptocurrency platform Matrixport predicts that Bitcoin is still dominant in the market, but Ethereum could take the lead in 2025.$BTC
Bitcoin has outperformed this year, with its market dominance rising to 61%, but has since fallen to 54%, according to analysts at Matrixport. Ethereum’s dominance, in contrast, has fallen from 18% to 12% following the launch of spot ETH ETFs.
Ethereum,$ETH
While facing some challenges throughout 2024, Matrixport analysts state that altcoin-focused interest has shifted to Solana. However, it is stated that Ethereum can make a significant leap in 2025 thanks to increasing ETH ETF inflows.
Analysts also suggest that aggressive accumulation of Ethereum by traditional finance (TradFi) institutions could support Ethereum’s future rally.
“Ethereum appears to have been largely left behind in the 2024 Bitcoin bull market. Bitcoin’s dominance rose from 50% to 61% before falling to 54%, but Ethereum’s dominance has declined sharply from 18% to 12%. This decline has been particularly pronounced following the launch of Ethereum ETFs, with its dominance declining almost linearly. While the altcoin market has shifted to Solana, more aggressive accumulation by traditional financial institutions with strong inflows into Ethereum ETFs could set a significant turning point for Ethereum in 2025. As Bitcoin continues to rally, Ethereum could be well-positioned for a significant recovery.”
