JP Morgan thinks Ether will outperform Bitcoin in 2024 while Bonk pumps again
Last Updated on 4 March 2024 by CryptoTips.eu
The American banking giant JP Morgan published its economic expectations for 2024 earlier this week. They are uncertain about the direction of the global economy and when it comes to crypto, they forecast Ether to outperform Bitcoin.
At the same time, Bonk’s spectacular growth is once again noticeable in the altcoin market. The Solana blockchain’s memecoin doubled in price in a single day.
JP Morgan
Jamie Dimon, the CEO of investment bank JP Morgan, was very negative about Bitcoin last week and recommended to the American Congress to put a stop to the entire crypto trade.
Of course, young Americans are very interested in crypto which is why the major bank is also covering it in their 2024 market report.
JPMorgan says ether will likely outperform bitcoin next year
— Learn With Rony Kapoor (@LearnRony) December 14, 2023
so now, JP Morgan supports??#Ethererum pic.twitter.com/nGH4Ntdwrn
For example, JP Morgan expects Ether to outperform Bitcoin by 2024 and they believe that the price of a possible Bitcoin ETF has already been priced in.
They also believe that we could see possible growth for Bitcoin due to the upcoming halving.
In other words, nothing groundbreaking or spectacular.
Bonk stijgt verder
Bonk, the memecoin from the Solana blockchain, clearly took a brief hiatus earlier this week after Bitcoin suffered a flash crash. Just like other altcoins and memecoins, it’s price retreated.
But now that Coinbase, the largest American crypto platform, announced that they would allow the memecoin for a listing, things suddenly went very fast. At the time of writing, Bonk has won more than 100% in a single day.
$BONK doing a madness! pic.twitter.com/UcNF3i43Sw
— Conor Kenny (@conorfkenny) December 14, 2023
With this, it has become the third largest memecoin, after Dogecoin and Shiba Inu. All three have the image of a Shiba Inu dog as a sign. As always, beware of the volatility of memecoins, of course.