Posted 12/14/2023, 5:26:00 PM
Ethereum Poised to Outpace Bitcoin in 2023 on Proposed Network Upgrade
- Ethereum could outperform bitcoin in 2023 due to a proposed network upgrade called Protodanksharding
- The upgrade could reduce fees and increase transactions, boosting ethereum's market share
- Ethereum is up 90% in 2022 but has lagged behind bitcoin's 154% rally
- JPMorgan is less optimistic on bitcoin's price than other forecasts on Wall Street
- JPMorgan analysts think the bitcoin halving event in April 2023 is already priced in and could spark a 20% drop in bitcoin's hash rate