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Since the beginning of 2025, altcoins have been struggling big time with top digital assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) correcting anywhere between 35-40% each. Some market analysts believe that the altseason has been permanently cancelled. Popular Bitcoin analyst Jesse Myers noted that more than 36 million altcoins have flooded the market over the past few years. As a result, the value of the overall space has dropped considerably. Commenting on this situation, Myers said: “This has only made Bitcoin stronger”. With the number of altcoins in the market continuing to rise, crypto analyst Jesse Myers said that there’s a growing trend of Bitcoin dominance. According to Myers, while the sheer quantity of altcoins has increased, their collective influence for the altseason has diminished since 2021. “Bitcoin dominance has been steadily climbing as more altcoins fail to maintain relevance,” Myers stated. He also emphasized that even when altcoins fade, they rarely reach zero value. Instead, they often trade at minimal market caps of $10,000 or $100,000. The analyst pointed out that with more than 36 million such “illiquid leftovers,” a large part of the overall crypto market cap comprises inactive or low-liquidity coins. Furthermore, Myers added that “Bitcoin is now approaching effective total dominance,” highlighting its strength while further reducing the chances of an altseason moving ahead. Crypto analyst Jesse Myers highlighted three key reasons why Bitcoin is winning the game against altcoins, leading to a delayed altseason. He explains three key reasons why BTC has solidified its market position.

$BTCUSDT It looks like BTC is suspected to reach $80k area.

Standard Chartered predicted that Ethereum could hit $10,000 by the end of 2025 in a forecast made in January. Now the bank has revised its year-end target for the digital asset, reducing it by 60%. According to a report released today, the adjustment is based on Standard Chartered’s observation that Ethereum is facing increasing competition from layer 2 solutions, prominently Base. Plus, Dencun, Ethereum’s recent upgrade, does not help the network maintain its market dominance. Standard Chartered stated that Ethereum still leads in many key blockchain metrics, but its dominance has declined over time. Layer 2 blockchains, originally designed to help Ethereum by improving scalability and reducing transaction fees, have shifted economic value away from Ethereum, the report noted. Base’s model of sharing profits with its owner, Coinbase, is seen as a particularly effective competitive strategy. Standard Chartered estimates it has caused Ethereum’s market cap to decline by $50 billion and expects this downward trend to continue. “Ether is at a crossroads,” the report said, noting that while it “still dominates on several metrics,” this dominance has been declining. Despite ongoing challenges, Standard Chartered sees the tokenization of real-world assets as a potential growth driver for Ethereum. According to the bank, Ethereum’s strong security framework could allow it to maintain an 80% market share in this emerging sector, which could stabilize or even reverse its structural decline. Geoff Kendrick, head of digital assets research at Standard Chartered, suggests that “a proactive change of commercial direction from the Ethereum Foundation,” like taxing layer 2 solutions, could help counteract the ongoing loss of value to these networks. However, he believes the EF is unlikely to change its business model. Standard Chartered forecasts the ETH/BTC ratio to fall to 0.015 by year-end 2027, which would mark its lowest level since 2017. While the bank expects Ether’s price to recover from current levels due to a broader Bitcoin-led rally lifting all digital assets, it maintains that Ether will continue to underperform. Last year, Standard Chartered projected that Ethereum would reach $8,000 by the end of the current year and $14,000 by the end of 2025. Analysts at the bank believed that the primary catalyst for these price increases would be the approval of spot Ethereum ETFs in the US. They also considered the Dencun upgrade as another positive factor contributing to Ethereum’s potential price growth. Earlier this year, Standard Chartered predicted that Ethereum could reach $10,000 by the end of 2025 as a result of a favorable environment for crypto growth under the new administration. Ethereum traded at around $1,900 at press time, up slightly in the last 24 hours, per TradingView . The digital asset is down around 42% year-to-date and is still 60% off its all-time high. Ethereum’s next major upgrade is the Pectra upgrade, which is scheduled to go live on the Ethereum mainnet next month. This upgrade aims to enhance network performance, improve validator participation, and introduce several key features like EIP-7702 and EIP-7251.

Standard Chartered has changed its 2025 year-end price target for Ethereum from $10,000 to $4,000, citing structural challenges within the Ethereum ecosystem. The bank’s analysts attribute this adjustment to the impact of Layer 2 solutions, particularly Coinbase’s Base network, which has reduced Ethereum’s ( ETH ) market capitalization by an estimated $50 billion. Layer 2 networks like Base were developed to enhance Ethereum’s scalability by reducing transaction fees and congestion. However, Standard Chartered’s research indicates that these solutions may be diverting revenue away from the main Ethereum network. Base, for instance, channels its profits to Coinbase , potentially diminishing Ethereum’s overall market share. The bank also forecasts a decline in the ETH/BTC ratio, predicting it will reach 0.015 by the end of 2027, a level not seen since 2017. This suggests that Ethereum may underperform relative to Bitcoin in the coming years. Despite these concerns, Ethereum continues to lead in several key areas, including decentralized finance, stablecoins , and tokenized assets . Yet, its dominance has been gradually decreasing. Standard Chartered noted that without proactive measures from the Ethereum Foundation, such as implementing taxes on Layer 2 solutions, this decline is likely to persist. The bank acknowledged that Ethereum’s price could still rise from its current level of approximately $1,900, especially if Bitcoin experiences significant gains. However, they cautioned that Ethereum’s relative underperformance may continue in the medium term.

#BTC Back in June 2021, price was consolidating between the 21-week EMA (green) and 50-week EMA (blue) after a crash Right now, Bitcoin is consolidating between the same EMAs after a crash (By the way, $BTC indeed broke out from its triangle by late July 2021 to reach new All Time Highs in November 2021) #Crypto #Bitcoin