Ethereum is set to surpass $5,500 by 2025, according to Mike Novogratz's Galaxy. The forecast points to DeFi expansion and an NFT revival as pivotal factors driving the altcoin's growth, with Ethereum expected to outperform Bitcoin in the process.
Ethereum Predicted to Surpass $5,500 in 2025
According to Mike Novogratz's Galaxy, the top altcoin, Ethereum (ETH), will trade for more over $5,500 in 2025.
A more favorable regulatory climate for the decentralized finance (DeFi) industry is considered as a key factor that could drive the price of the altcoin upwards.
DeFi and Public Blockchains Set to Drive Ethereum’s Growth
In regulatory sandboxes, Galaxy Research predicts that conventional financial markets will have a good chance of experimenting with public blockchains.
U.Today reports that the Ether price has a history of outperforming in the first quarter, and that many market participants anticipate that this tendency will persist this time as well.
NFT Comeback Could Bolster Ethereum's Value
Due to the soaring popularity of non-fungible tokens (NFTs), Ethereum outperformed throughout the 2021 bull run. According to Galaxy, the NFT industry can make a full recovery in 2019.
According to Galaxy Research, the DeFi industry is projected to reach a "dividend era" in 2025, when on-chain applications will start providing users and holders with smaller amounts of value.
Bitcoin's Predicted Surge Adds Context to Ethereum’s Outlook
In 2022, the business predicts that Bitcoin's price would reach $185,000. In fact, it predicts that the top cryptocurrency would break the $150,000 mark in the middle of 2025.
"A combination of institutional, corporate, and nation-state adoption will propel Bitcoin to new heights in 2025," according to the company.
According to Galaxy, the ETH/BTC ratio might reach 0.06 in 2025, and Ether will ultimately exceed Bitcoin by a significant margin. Nevertheless, Galaxy predicts that it may briefly fall below 0.03 before that happens.
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