The post Ethereum’s Dominance Struggles: Will 2025 Bring a Turnaround? appeared first on Coinpedia Fintech News
At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June. However, since the launch, the ETH dominance has steadily dropped by around 5.42%. The big question now is: Can the year 2025 bring a turnaround?
Since the start of this year, the Bitcoin market has climbed by over 115.76%. At the beginning of this year, the dominance of Bitcoin was around 51.58%. Right now, it stands at 58.71%, though between November 20 and December 7, the BTC dominance declined from a yearly peak of 61.19% to a low of 55.11%.
Although between November 21 and December 6, the Ethereum dominance jumped sharply from 12.11% to 13.5%, since December 7, it has steeply slipped by at least 1.09%.
Notably, the YTD growth of the Altcoin market currently stands at 65.18%, particularly Ethereum at 40.96%.
This indicates that BTC has outperformed both Altcoins and Ethereum this year.
Reports indicate that Ethereum’s dominance continues to drop since the launch of Ethereum ETFs in mid-2024. Reports add that though billions of dollars flowed into the ETFs, it made very little impact on the price of Ethereum.
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Reports suggest that traders have largely lost confidence in the potential of Ethereum to make great upward moves. Reports add that right now there are no strong factors promising a rebound in the ETH price.
Experts advice Ethereum bulls to remain patient until a strong narrative in favour of the crypto emerges in the coming year.
They predict that market sentiment could turn in favour of ETH in 2025.
In conclusion, while Etheruem faces challenges, 2025 offers hope for a strong revival.
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