As the cryptocurrency industry evolves, Ethereum (ETH) stands out as a major contender for significant price gains in 2024.

This projection is grounded in a series of factors and expert insights. Subsequently pointing toward a bright future for the second-largest digital currency.

Ethereum Is Ready to Outperform

Ethereum witnessed the successful implementation of the Shanghai upgrade in 2023. This was a pivotal moment that bolstered the network’s infrastructure. Kane Warick, Founder of Synthetics, reflected on 2023 as a period of steady growth for Ethereum despite the absence of a singular, monumental event.

The consistency in Ethereum’s development, especially its transition to Proof-of-Stake (PoS) and the ongoing advancement of layer 2 solutions, laid a solid foundation for its future dominance.

2023 was touted as the year of building for developers in the crypto and Web 3 market. This rings true for Ethereum, with many projects initiated in the preceding years coming to fruition. This tech, though time-consuming in development, is now set to bolster Ethereum’s performance in 2024.

“Technology can take a long time to build. It can take a while for it to come to fruition. Similarly, with the overall Ethereum roadmap, the the kind of core technical upgrades have taken quite a while to to get to where they need to be. So I think that everything is positioned now for Ethereum to really dominate,” Warick said.

JPMorgan shared a similar outlook, predicting Ethereum’s outperformance over Bitcoin in 2024. The bank cited upcoming

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Author: Bary Rahma

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