Ethereum Will Rise in Price in 2025, Infinex Founder Confident ✔️
Dec-25-2024 09:35:39 AM
Ethereum maximalist and founder of crypto wallet Infinex, Cain Warwick predicts ETH will soar in 2025.
In 2024, Ethereum has risen in price by 54% and has fallen behind many competitors in terms of the rate of price increase. For example, the price of Bitcoin has increased by 132% since January 1, Solana (SOL) by 93%, and XRP (XRP) by a record 277%. However, Cain, who, according to his own words, does not trade Ethereums, but stores them, believes in a triumphant return of ETH in 2025.
The more you squeeze it [the ETH price], the further it will bounce back. There are some factors and circumstances that are favorable for Ethereum that are holding it back, but when the price of the coin breaks through resistance, people are going to say, "Holy shit," Warwick said.
Cain explains his positive forecast by technological innovations that are expected to be implemented next year. For example, in early 2025, they plan to release the Pectra update for the Ethereum blockchain, which will increase the network's throughput by reducing the number of validators due to the increase in the maximum allowable balance of blockchain nodes from 32 to 2,048 ETH.
We also cannot forget about the Trump effect, which will occur after Donald’s inauguration on January 20, 2025. The president-elect is favorable to the digital asset industry, so many analysts believe that under Trump, regulatory pressure on crypto companies will decrease and capital inflow into the virtual currency sphere will increase. In this regard, ETH will benefit from Donald’s return to the White House.