Analysts of investment bank JPMorgan stated that Ether (ETH) will take over BTC’s market share in 2024.
The cryptocurrency market continued its upward trend after overcoming the Fed’s last interest rate decision for 2023. Fed Chairman Jerome Powell, who keeps interest rates constant, talked about his goals for the coming year. After these statements, the crypto market continued to rise. Many altcoins, in particular, managed to attract attention with their rise that differentiated themselves from the market.
“Ether (ETH) will capture market share”
Global banking giant JPMorgan published a report on the crypto market the other day. In this report, it was stated that Ether (ETH) will perform better than Bitcoin. In the report, which included expectations for 2024, it was claimed that Ether would capture market share.
JPMorgan analysts led by Nikolaos Panigirtzoglou said, “We believe that next year will be Ether’s highlight. “ETH will reassert itself and regain market share in the crypto ecosystem,” he commented.
The report also touched upon why Ether will perform better than Bitcoin. According to the report, the EIP-4844 update, which Ether will implement next year and is expected to solve important problems, will trigger the rise. This upgrade will improve network activity and increase usage, according to JPMorgan.
JPMorgan analysts made the following comments on the subject:
“The main catalyst is the EIP-4844 upgrade or Proto-danksharding, which is expected to occur in the first half of 2024. “We believe that this upgrade will likely be a bigger step towards improving Ethereum network activity, thus helping Ethereum perform better.”
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