Steno Research's latest report indicates that Ethereum's performance in 2025 will outshine Bitcoin, with the potential to double to $8,000, while Bitcoin is expected to reach $150,000. The report suggests that as Bitcoin's dominance continues to decline, competing coins will become the focal point of the market.
According to CoinGecko's market price, Ethereum was quoted at $3,343 at the time of writing. As we enter the new year, Steno Research expects Ethereum's price to surge significantly, reaching at least $8,000, and driving the 'ETH/BTC' exchange rate from 0.0357 to 0.06, replicating the strong trends seen in historical market cycles.
In contrast, although Bitcoin's price increase is considerable and may even break the $150,000 mark, its market share may decline from the current 56.6% to 45%.
Aside from the changing market atmosphere, Steno Research also believes that the 'competitive coin season' will kick off in 2025. The report estimates that the total locked value (TVL) of decentralized applications (dApps) is expected to reach a new high of $300 billion this year, and if the prediction is accurate, it will further solidify the theoretical foundation for 'the comprehensive rise of competing coins.'
Steno Research analyst Mads Eberhardt points out that Donald Trump's return to the White House has relatively limited direct benefits for Bitcoin, while having a more significant incentive effect on competing coins.
Additionally, the United States may see more new cryptocurrency ETFs this year, further boosting the prospects for competing coins.
The report adds that by 2025, the scale of institutional adoption of cryptocurrencies will reach unprecedented heights.
"The surge outshines Bitcoin! Steno Research is optimistic about 'Ethereum doubling to $8,000 this year'" This article was first published on (BlockKe).
