As 2024 comes to a close, Bitcoin is on track to end the year with an impressive 120% increase, while Ethereum (ETH), the second-largest cryptocurrency, is set to close with a more modest gain of approximately 46%.
Despite Ethereum's relatively subdued performance compared to Bitcoin this year, analysts are optimistic about its future. Predictions for 2025 suggest that ETH could outperform BTC, with a significant rally anticipated.
A recent report from Steno Research highlights this bullish outlook, forecasting that Ethereum may surpass Bitcoin and undergo a massive price surge in 2025. The analysts base their predictions on historical trends and the potential market impact of Donald Trump’s victory in the US presidential election.
According to the report, Ethereum's price could more than double, reaching at least $8,000. Furthermore, they expect the ETH/BTC ratio to climb from its current level of 0.0357 to 0.06 within the next 12 months.
Steno Research also remains optimistic about Bitcoin’s performance, predicting that its price could hit a minimum of $150,000 in 2025.
Mads Eberhardt, leading the Steno analysts, commented:
“This optimistic forecast for Ethereum stems from the belief that Donald Trump’s presidential win would create a more favorable environment for altcoins compared to Bitcoin. Consequently, we anticipate Bitcoin's market dominance to decline from its current 58% to 45%, paving the way for a major rally in altcoins, led by Ethereum.”
At the time of writing, Ethereum is trading at $3,380. The coming year is poised to be pivotal for the cryptocurrency market, with both Bitcoin and Ethereum positioned for potentially historic milestones.