The Matrixport report predicts that Ethereum could restore its dominance in 2025.
ETH dominance fell from around 18% to 12% this year.
After estimating the value of Bitcoin to reach $160,000 in 2025, Matrixport released another report today. Based on its findings, Ethereum could regain its dominance in 2025. While other altcoins such as Solana, Hyperliquid, XRP stole the spotlight this bull run, Ethereum was just afloat and sustained its price rally.
Matrixport posted its report on X, stating that Ethereum appears to have missed out largely on the 2024 Bitcoin bull market. Because, including Bitcoin several altcoins recorded new all-time high values except for Ethereum. Bitcoin dominance increased from around 50% to 61% but is currently standing at 57%. On the other hand, Ethereum dominance decreased from around 18% to 13% this year.
Ethereum Dominance to Restore in 2025: Matrixport
Source: Matrixport
The significant decrease in Ethereum dominance mainly recorded from Q4 2024. And, the focus shifted from Ethereum to other blockchains in terms of altcoins. However, Matrixport mentioned that Ethereum is acting like an underdog in 2024 that is preparing to make a comeback in 2025.
Based on the Matrixport report findings, 2025 will be a turning point for Ethereum. In case institutional investors started accumulating it, along with inflows into Ethereum ETFs, it could strengthen Ethereum’s position in the market. Last week, ETH ETFs gained around $273.6 million and are continuously recording increased inflows from last week.
While Bitcoin has already proved its strength in the crypto market, it is now Ethereum’s turn to make a comeback and restore its dominance in the market. As we are on the verge of a bigger bull run, there are high chances Ethereum will foster its position as the second largest cryptocurrency of the industry.
Highlighted Crypto News Today:
Forbes Web3 Showcases Legacy Pass Members in Forbes Magazine
