Ether could potentially surge past $8,000 in 2025, according to a report by Steno Research.

Steno Research predicts that Ether (ETH), the second-largest cryptocurrency by market capitalization, is set to outshine Bitcoin (BTC) next year, driven by historical patterns and the anticipated economic policies under Donald Trump’s presidency.

The report forecasts Bitcoin climbing to at least $150,000, up from its current price of around $94,000, while Ether is expected to more than double, surpassing the $8,000 mark from its current level near $3,400.

Analysts project the Ether-to-Bitcoin (ETH/BTC) ratio will increase to 0.06 over the next year, compared to its current ratio of 0.0357, mirroring patterns observed in previous market cycles.

“We anticipate a significant shift in market focus toward altcoins, supported by favorable policy expectations following Trump’s return to office,” said Mads Eberhardt, an analyst at Steno Research.

The report also suggests that Bitcoin’s market dominance will drop to approximately 45% from its current 56.6% as altcoins attract more investor attention.

Furthermore, the total value locked (TVL) in decentralized applications (dApps) is projected to reach a record high of $300 billion in 2025, reinforcing the case for increased altcoin valuations.

Steno Research also highlights the growing potential for new cryptocurrency exchange-traded funds (ETFs) in the U.S., which could further drive institutional investment into altcoins.

“Institutional adoption of crypto assets is set to reach unprecedented levels in 2025,” the report concludes.