JPMorgan Says Ethereum Will Outperform Bitcoin In 2024
Despite recent hype surrounding Bitcoin and spot exchange-traded funds (ETFs_, JPMorgan believes that Ethereum will outperform Bitcoin in 2024. In a Dec. 13 report, JPMorgan analysts wrote, “We believe that next year Ethereum will reassert itself and recapture market share within the crypto ecosystem.” The analysts reason that the Ethereum EIP-4844 upgrade, also known as the Proto-Danksharding upgrade, is expected to take place during the first half of 2024 and is part of a multistep plan to make sharding more efficient on the Ethereum chain. Don’t Miss: Analysts predict Bitcoin ETF approval b…