Ethereum is the Target of Criticism: When Will the Expected Boom and Record Come? Here are the Predictions

The second largest cryptocurrency in the world Ethereum, Bitcoin ve Solana It has faced increasing criticism for its poor performance compared to emerging rivals such as.

Ethereum was ridiculed on social media as it traded at around $3,300, nearly 33% below the all-time high of $4,878 reached in November 2021.

However, analysts and investors note that the largest altcoin may soon emerge from recession, with some predicting it will break a record by reaching $10,000 in 2025.

Despite hovering around $3,000 for weeks, Ethereum appears poised for a change. Bitwise’s director of research, Ryan Rasmussen, hinted at renewed institutional interest:

Rasmussen said, “A $500 million asset management company asked us to make a presentation about Ethereum to 100 asset managers today,” and stated that the interest of high-level investors has increased.

Adding to the optimism, Standard Chartered analysts predict that a Republican victory led by Donald Trump in the 2024 US elections could push Ethereum to $10,000 by 2025. It is envisaged that a crypto-friendly management will create favorable conditions for the industry.

Since November 5, Ethereum has grown 35%, lagging Bitcoin’s 45%, Solana’s 62%, and XRP’s staggering 180% gains. Analysts attribute Ethereum’s slower progress to several factors:

• Lack of a Clear Rhetoric: With Bitcoin dominating the “hard money” discourse and Solana gaining attention for its speed and efficiency, Ethereum struggles to define a convincing identity.
• ETF Launch Timing: The July launch of Ethereum spot ETFs has historically coincided with the sluggish summer months, dampening investor excitement.
• Institutional Hesitancy: Investors’ interest in Ethereum has decreased significantly, according to reports from Crypto Insights Group, which states that the investor interest in Ethereum has decreased from 63% in June to 26% in recent months.

Eliezer Ndinga, head of strategy at crypto asset manager 21.co, likened the appeal of Ethereum to old technology: “It feels like 2G when Solana is 5G.”

Ethereum’s complex value proposition has also deterred traditional investors. Duncan Trenholme, co-head of digital assets at brokerage TP Icap, explained that clients often question whether Ethereum is just “Bitcoin Lite” or why it deserves a place in portfolios.

Despite the challenges, Ethereum remains a significant force in the crypto market and efforts are underway to strengthen its position. Ethereum researcher Justin Drake recently unveiled his proposals to increase decentralization, improve infrastructure, and protect against future quantum computing threats. In addition, traders are making predictions on the price increase. Open interest in Ethereum options is largely favoring bullish positions, with many targeting $4,000 as a potential rally point.

*This is not investment advice.