Ethereum

Bitcoin

Optimism

<p>The rankings of the major cryptocurrencies based on their respective market capitalization have long put bitcoin at the forefront. Following the leading crypto are other altcoins: Ethereum, Tether USD, BNB, and XRP. However, it seems that ether might overtake bitcoin in the coming months. We’ll explain everything!</p>
<h2 id="h-bitcoin-in-decline-ethereum-ready-for-succession">Bitcoin in decline? Ethereum ready for succession</h2>
<p>Is the <strong>end of bitcoin’s reign</strong> near? While it continues to impress the crypto community with <a href="https://www.cointribune.com/en/bitcoin-bursts-all-records-again-over-50-million-wealthy-btc-addresses/" target="_blank" rel="noopener noreferrer nofollow">enticing statistics</a> (such as the number of hodlers with non-zero balance wallets, price increase, and a possible return to the November 2021 highs of $69,000, etc.), its younger sibling Ethereum is not lagging behind. For instance, there is an increase in the number of ETH hodlers, a historic record, which far exceeds that of BTC investors.</p>
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<p>And there’s more.</p>
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     <p lang="en" dir="ltr">EXCLUSIVE: JPMorgan says ether will likely outperform bitcoin next year <a href="https://t.co/REnIa5p8XU" rel="noopener noreferrer nofollow">https://t.co/REnIa5p8XU</a></p>— The Block (@TheBlock__) <a href="https://twitter.com/TheBlock__/status/1735075186083311725?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 13, 2023</a>
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  Could Ethereum take the place of Bitcoin? JPMorgan believes so.
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<p>“<em>EXCLUSIVE: According to JPMorgan, ether is expected to outperform bitcoin next year</em>.”</p>
<p>The <a href="https://www.theblock.co/post/267539/jpmorgan-ether-outperform-bitcoin-2024?utm_source=twitter&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">article linked by The Block</a> to this tweet talks about a prediction from JPMorgan analysts stating that Ethereum would surpass bitcoin and other crypto currencies in 2024.</p>
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 <p>“<em>We believe that next year, Ethereum will reassert itself and <strong>regain market shares</strong> within the crypto ecosystem. The main catalyst is the <strong>upgrade to EIP-4844 or Protodanksharding</strong>, which is expected to take place in the first half of 2024. We think this upgrade will likely be a more significant step towards improving the activity of the Ethereum network, thereby helping Ethereum to outperform</em>.”</p> <cite>Report by Nikolaos Panigirzouglou’s team details.</cite>
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<p><strong>EIP-4844 or Protodanksharding</strong>, what’s that? In fact, it’s a step preceding the deployment of Danksharding, an improved version of sharding in Ethereum. Thanks to Danksharding, the blockchain will be given <strong>a new mode of sharing</strong>, that is, it will no longer be divided into multiple sharing chains.</p>
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<p>Thus, EIP-4844 will grant Ethereum new conveniences such as:</p>
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 <li>data blobs;</li>
 <li>temporary data packets attached to blocks (more conducive to storing quantities of data);</li>
 <li>and so on.</li>
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<p>For JPMorgan, this update will also benefit layer 2 solutions like Optimism and Arbitrum. Protodanksharding will indeed provide additional temporary data space, which will allow for an increased network throughput and lower transaction fees as a layer 2 network on Ethereum.</p>

Ethereum vs Bitcoin: The Queen of Cryptos Dethroned in 2024? JPMorgan Analysis

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