"Ethereum Poised to Outperform Bitcoin in 2025." predicts Steno Research!
A new report from Steno Research suggests that $ETH is poised to outperform $BTC in 2025, driven by a combination of historical trends and the potential impact of the political outcome of the United States' Presidential elections.
The report forecasts a significant price increase for ETH, that'll potentially double up it's value from around $3,400 to nearly $8,000 (or maybe more). In contrast, BTC is expected to reach a price of $150,000, at minimum. This shift is expected to alter the Ethereum-to-Bitcoin ratio from the current 0.0357 to 0.06 within the year 2025.
The report further emphasizes the potential for altcoins to gain significant market share. This scenario, according to Steno Research, is likely to result in a decline in Bitcoin's market dominance from approximately 56.6% to around 45%.
Disclaimer: This article just for information and, is based on a third-party research report! It shouldn't be considered financial advice.
Key factors contributing to this forecast include:
Increased Interest in Decentralized Finance (DeFi): Steno Research predicts that the Total Value Locked (TVL) in DeFi applications can potentially reach a new high of $300 billion in the year 2025, and that's gonna fuel for the altcoins' demand.
Potential for New Crypto ETFs: The introduction of new cryptocurrency ETFs in the United States is expected to further enhance the growth trajectory of altcoins.