JP Morgan thinks Ether will outperform Bitcoin in 2024 while Bonk pumps again

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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.

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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.

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.

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.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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