Ethereum to outperform Bitcoin: JPMorgan Foresees Ethereum’s Ascension Following Major Enhancements
Financial colossus JPMorgan predicts a bright horizon for EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.) over Bitcoin (BTC) in the forthcoming year. This outlook is supported by the impending network upgrade for EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH., dubbed ‘Protodanksharding’ or EIP-4844. This upgrade, a precursor to the full deployment of ‘danksharding’, seeks to invigorate Ethereum’s layer 2 networks with heightened transaction bandwidth and reduced fees. Interestingly, this optimistic perspective on EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. outshines Bitcoin, echoing a prior prediction from Standard Chartered which projected an $8000 ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. price by 2026, largely due to similar system improvements. It’s important to mention, however, that Ethereum’s network activity has been somewhat lackluster following its Shanghai upgrade in April, with staking being its only significant rebound. In contrast, Bitcoin’s performance is expected to decline despite upcoming events initially anticipated to boost its value. JPMorgan suggests that Bitcoin is currently overbought, with an overabundance of optimism regarding the SEC’s approval of spot bitcoin ETFs.
