In a recent analytical report released on Sunday, Steno Research proposed that Ethereum (ETH), currently the second-largest cryptocurrency in relation to market capitalization, is anticipated to surpass its larger competitor Bitcoin (BTC) by the year 2025. The prediction is based on historical patterns and the impact of Donald Trump’s victory in the U.S. elections.
The report suggests that Bitcoin’s value is likely to surge from roughly $94,000 to a minimum of $150,000 in the coming year. Meanwhile, Ethereum is expected to more than double its current value of $3,400, reaching a minimum of $8,000.
Steno Research foresees that the ETH/BTC ratio will increase to 0.06 from the current 0.0357 within a span of 12 months, a prediction that mirrors the price fluctuations observed in prior cycles.
The research company added that altcoins are expected to gain significant attention. This speculation is partly due to the belief that Trump’s victory in the U.S. Presidential election has created a more favorable environment for altcoins compared to Bitcoin. Steno Research predicts that Bitcoin’s market dominance could potentially fall to 45%, a significant drop from the current 56.6%.
In terms of decentralized applications, the report suggests that the total value locked (TVL) is forecasted to reach a new peak of $300 billion next year. If this comes to fruition, it would lend additional weight to the argument for increased altcoin prices.
Steno Research also highlighted the potential introduction of new cryptocurrency exchange-traded funds (ETFs) in the U.S., which would further enhance the positive outlook for altcoins.
According to the report, “2025 will witness an unparalleled level of institutional acceptance of cryptocurrencies”.
For more information, read the article: “Bitcoin to Reach New High of Approximately $185K in 2025 as Nation States Invest: Research by Galaxy”.
In conclusion, this report offers valuable insights for those interested in the future of cryptocurrency investment, particularly in Ethereum and altcoins. However, the primary aim of this article is to provide an objective overview based on Steno Research’s analytical predictions.
