This prediction made by JPMorgan comes in the antivipation of Ethereum’s EIP-4844 upgrade that is scheduled for the next year.
JPMorgan experts suppose that Ethereum (ETH) will be able to outperform Bitcoin (BTC) and other crypto assets in 2024. But despite this statement, the bank is generally “cautious” about crypto markets in the near future.
JPMorgan analysts led by Nikolaos Panigirtzoglou wrote:
“We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem. The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is expected to take place during the first half of 2024. We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform.”
More details will be added soon.
