Despite recent setbacks, Ethereum (ETH) shows positive signs ahead of the EIP-4844 upgrade.
JP Morgan, cautious amid market optimism, predicts Ethereum will surpass Bitcoin in 2024.
Ethereum (ETH) has managed to bounce back, defying the recent dip in the crypto market caused by the news of a major hack targeting Ledger, one of the prominent crypto hardware wallet providers. According to CoinMarketCap, ETH is traded at $2,329, marking a1.92% increase in the past 24 hours. However, the digital asset has seen a slight setback over the week, with a decline of close to 3.98%.
Interestingly, JP Morgan, states its cautious outlook on the crypto industry for the upcoming year, has made a bold prediction. Despite expressing concerns and highlighting excessive optimism in the market, JP Morgan analysts foresee Ethereum outperforming Bitcoin in 2024. This surprising forecast comes amidst expectations of a halving event for Bitcoin, which is anticipated to decrease the total number of Bitcoin toke
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