According to Steno Research’s latest report, Ethereum (ETH) 
$3,603 is set to enter serious competition with Bitcoin (BTC) 
$98,216 in terms of market capitalization by 2025. Historical price trends and political developments in the United States support these predictions.
Bitcoin and Ethereum Price Predictions
Steno Research expects the price of Bitcoin to reach at least $150,000 next year. This forecast indicates a significant increase from Bitcoin’s current level of approximately $94,000. Meanwhile, Ethereum could rise from its current price of $3,400 to exceed $8,000. The report states that these price increases align with potential market movements anticipated in 2024.
The ETH/BTC ratio, which measures Ethereum’s market performance compared to Bitcoin, is also expected to increase from 0.0357 to 0.06 over the next 12 months. This rise may reflect price movements observed in past market cycles.
Altcoins and Market Dominance
Analyst Mads Eberhardt highlights the political aspect of these predictions, stating that “Donald Trump’s potential victory in the U.S. presidential election might create a more favorable environment for altcoins over Bitcoin.” The dominance of Bitcoin in the market is expected to decline from the current 56.6% to as low as 45%, which may allow Ethereum and other altcoins to increase their market share.
Additionally, the total value locked (TVL) in decentralized applications is projected to reach $300 billion by 2025. The launch of new cryptocurrency exchange-traded funds (ETFs) in the U.S. could also provide a significant advantage for altcoins.
Steno Research asserts that 2025 will be a historic year for institutional cryptocurrency adoption. The report emphasizes the need for investors to carefully monitor market trends.
