In 2024, Bitcoin is expected to continue leading the cryptocurrency market, outpacing Ethereum, though experts suggest this could change by 2025.
According to analysts at Matrixport, Bitcoin’s market dominance has been impressive, peaking at 61% before slightly dipping to 54%.
Meanwhile, Ethereum has faced a decline, with its dominance dropping from 18% to just 12%, particularly following the introduction of Ethereum spot ETFs.
Despite this setback, Matrixport highlights that Ethereum’s situation could dramatically improve in 2025.
As attention shifts towards Solana in the altcoin market, analysts predict that Ethereum’s prospects may brighten as more traditional financial institutions start to accumulate the token.
This surge in institutional interest, combined with increasing inflows into Ethereum ETFs, could provide a substantial boost, positioning Ethereum to challenge Bitcoin’s supremacy in the near future.
While Ethereum has largely missed out on the 2024 Bitcoin rally, the stage seems set for a potential comeback by 2025.