Ethereum

Bitcoin

Million

<div class="insidebitcoins">
 <p>Ethereum could outperform Bitcoin in 2024 as it capitalizes on its technological advances and a unique position as a leading smart contract platform, says ETC Group.</p>
 <p>The Ethereum network’s deflationary burn mechanisms and the attraction of its staking yields are behind the prediction in a recent report&nbsp;by head of research André Dragosch</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">ETH could potentially outperform Bitcoin due to its technological advancements and smart contract dominance, says ETC Group's Head of Research. 📈</p>
  <p>Do you think $ETH will outperform $BTC in 2024? 🤔</p>
  <p>Share your thoughts in our poll! 📊#BULLRUN2024 #Bitcoin #Ethereum</p>
  <p>— tastycrypto (@tastycrypto) December 27, 2023</p>
 </blockquote>
 <p></p>
 <p>Dragosch anticipates a mean reversal for the Ethereum price that will see it return to its average relative performance against Bitcoin.</p>
 <h2 id="ethereum-may-outperform-bitcoin-by-100-in-2024">Ethereum May Outperform Bitcoin By 100% In 2024</h2>
 <p>Ether to Bitcoin‘s 12-months relative performance has historically shown a strong tendency to mean revert, he said, adding that, except for 2023, Ethereum has consistently outperformed Bitcoin since its debut in July 2015.</p>
 <p>“At the time of writing, ETH has underperformed BTC by –27% over the past 12 months,” he said. “Based on historical performance patterns, such a stark underperformance was historically associated with a subsequent 12-months forward outperformance of approximately +100%.”</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>Ethereum Price Prediction: ETC Group Says ETH Could Outperform Bitcoin In 2024, But These Two Rising Stars May Be The Best New Meme Coins To Buy In 2024</li>
  <li>Bitcoin Price Prediction: Former Goldman Sachs Exec Sees ”Crazy” Target For BTC As This Bitcoin Alternative Surges Past $6.5 Million Raised</li>
  <li>Crypto Analyst Conor Kenny Reviews a Bitcoin Mining Platform with a Revolutionary Stake-to-Mine Mechanism</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-could-outperform-bitcoin-in-2024-research-firm-says-tbt75037.html">https://thebittimes.com/ethereum-could-outperform-bitcoin-in-2024-research-firm-says-tbt75037.html</a></p>
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Ethereum Could Outperform Bitcoin in 2024, Research Firm Says

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