Earlier, Matt Hougan, chief investment officer at crypto asset manager Bitwise, stated that Ethereum and Solana could see a sustained rally throughout the year.
The businessman believes that the ecosystem of the second-largest cryptocurrency by market capitalization will transform towards practical benefits for companies and financial institutions.
"The next stage for Ethereum will be determined less by speculation than by financial products that are understandable to everyday users. Crypto neobanks will drive demand. The entire crypto neobank movement appears to be a rapidly growing trend—many companies are entering this space and seeing growth," Silagadze elaborated.
Digital banks working with cryptocurrencies are capable of becoming the foundation for widespread adoption of cryptocurrencies, especially as stablecoins integrate into the global financial system, the entrepreneur believes. Such platforms, or "crypto neobanks," are capable of attracting far more crypto users than spot ETFs, according to the co-founder of Ether.fi. Ethereum's success as a cryptocurrency over the next year will depend on how quickly the Ethereum ecosystem can transition to providing accessible banking services and move away from applications focused solely on speculative income, Sigaladze announced.