Ethereum to Outperform Bitcoin in 2024
The head of research at ETC Group says that Ethereum could outperform Bitcoin in 2024 due to its technological advances and smart contract dominance. The Ethereum network’s deflationary burn mechanisms and the attraction of its staking yields are behind the prediction in a recent report by André Dragosch.
ETH could potentially outperform Bitcoin due to its technological advancements and smart contract dominance, says ETC Group’s Head of Research. 📈
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— tastycrypto (@tastycrypto) December 27, 2023
Ethereum May Outperform Bitcoin By 100% In 2024
Dragosch anticipates a mean reversal for the Ethereum price that will see it return to its average relative performance against Bitcoin. “ETH has underperformed BTC by –27% over the past 12 months,” he said. Based on historical performance patterns, such underperformance was historically associated with a subsequent 12-months forward outperformance of approximately +100%.
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