Ethereum

Bitcoin ETF

Bitcoin

Million

Optimism

<div class="insidebitcoins">
 <span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">Ethereum will outperform Bitcoin next year despite the halving and the possible launch of Bitcoin ETFs, JPMorgan said.
 “We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Dec. 13.&nbsp;
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Artificial Intelligence at JPMorgan – Current Initiatives | Emerj Artificial Intelligence Research" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/14/7cc0f9444f05085c461f785774746853.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2023/12/14/7cc0f9444f05085c461f785774746853.webp" alt="Artificial Intelligence at JPMorgan – Current Initiatives | Emerj Artificial Intelligence Research">
 </noscript>
 <h2 id="span-style-font-weight-400-jpmorgan-based-its-prediction-on-the-ethereum-eip-4844-upgrade-span">JPMorgan Based Its Prediction On The Ethereum EIP-4844 Upgrade</h2>
 The Wall Street bank believes an upcoming upgrade could be one of the big events that will drive Ether’s price next year.&nbsp;
 “The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is expected to take place during the first half of 2024,” said the JPMorgan analysts. “We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform.”&nbsp;
 Protodanksharding is the first step towards the full implementation of Danksharding within the Ethereum network. 
 Danksharding avoids the complicated process of splitting Ethereum into multiple shard chains and will instead introduce data blobs. These temporary packets of data will attach to blocks. The data blobs will also be able to hold more data than is currently possible within the network.&nbsp;&nbsp;
 Layer-2 networks like Arbitrum and Optimism are expected to benefit from this upgrade, according to the JPMorgan analysts with the upgrade opening up temporary space to store additional data. This will subsequently increase network throughput and reduce transaction fees for Layer-2 networks transacting on Ethereum.&nbsp;
 <h2 id="span-style-font-weight-400-bitcoin-halving-event-already-priced-in-span">Bitcoin Halving Event Already Priced In</h2>
 When sharing their belief that Ether will outperform Bitcoin in 2024, the JPMorgan analysts said that bullish factors for Bitcoin have already been priced in.
 Despite the upcoming Bitcoin halving event expected to take place in April next year, and the possible approval of spot Bitcoin ETFs (exchange-traded funds) in January, the analysts stick to their theory that Ether will outshine the market leader.
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400">Bitcoin ETF Token: Final Chance To Grab At Lowest Price Before Bull Run Ignites As Investors Pump $3.7m Into $BTCETF</li>
 <li style="font-weight: 400">El Salvador’s Bitcoin “Freedom Visa“ Will Sell Out Before End Of 2023, Officials Say</li>
 <li style="font-weight: 400">U.S. Department of Justice Targets $25 Million Crypto Trading Bot Fraud</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-to-outperform-bitcoin-in-2024-despite-btc-etfs-and-bitcoin-s-halving-jpmorgan-says-tbt73671.html">https://thebittimes.com/ethereum-to-outperform-bitcoin-in-2024-despite-btc-etfs-and-bitcoin-s-halving-jpmorgan-says-tbt73671.html</a>
</div>

Ethereum To Outperform Bitcoin In 2024 Despite BTC ETFs and Bitcoin’s Halving, JPMorgan Says

Table of Contents

TheBitTimes

Other articles published on Dec 14, 2023

How Much Will a $500 Investment in Kaspa (KAS) Today Be Worth by 2025?

Searching for Next 100X Crypto: Top Altcoins That Can Surge Next

Whale Bets $6.9M on $MKR. Is This Presale Next?

UXUY Revolutionising Crypto Trading with Cross-Chain Transactions

Crypto pyramid schemes thought to have stolen billions go unchecked

Bitcoin ETF applicants must sport cash redemption model

Join our free newsletter for daily crypto updates!