{"id":67750,"date":"2023-12-27T17:02:47","date_gmt":"2023-12-27T21:02:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67750"},"modified":"2023-12-27T17:02:50","modified_gmt":"2023-12-27T21:02:50","slug":"ether-may-outperform-bitcoin-in-2024-etc-group-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ether-may-outperform-bitcoin-in-2024-etc-group-report\/","title":{"rendered":"Ether May Outperform Bitcoin in 2024 &#8211; ETC Group Report"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/coinscreed.com\/staging\/etc-group-launches-3-new-crypto-etp.html\" target=\"_blank\" rel=\"noreferrer noopener\">ETC Group<\/a> has conducted research indicating that Ether, the native cryptocurrency of Ethereum, may surpass Bitcoin in performance by 2024       despite market challenges. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"545\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-1024x545.png\" alt=\"Ether May Outperform Bitcoin in 2024 - ETC Group Report\" class=\"wp-image-67760\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-1024x545.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-300x160.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-768x409.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-18x10.png 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95-750x399.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95.png 1076w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Ether May Outperform Bitcoin in 2024 &#8211; ETC Group Report<\/figcaption><\/figure>\n\n\n\n<p>Andr\u00e9 Dragosch, Head of Research at ETC Group, bases this prognosis on Ethereum's substantial technological advancements. Dragosch highlighted the progression of Ethereum into a preeminent smart contract platform, implying that it could potentially rectify its recent downward trajectory in performance compared to Bitcoin.<\/p>\n\n\n\n<p>A multitude of factors contribute to this optimistic perspective regarding Ether. Initiated in August 2021 by the <a href=\"https:\/\/eips.ethereum.org\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ethereum Improvement Proposal<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> EIP-1559, Ethereum's transition to a deflationary model is, to begin with, a pivotal factor. <\/p>\n\n\n\n<p>This mechanism efficiently diminishes the total supply of Ether. Additionally, the alluring returns generated by ETH staking serve to augment its allure among investors. The dynamics above collectively suggest that Ether's value may experience an increase in the future year.<\/p>\n\n\n\n<p>However, divergent perspectives do indeed exist. David Schwed, Chief Operating Officer at Holborn, posits that Bitcoin's established status and perceived stability may contribute to its continued dominance. <\/p>\n\n\n\n<p>This observation emphasizes the wide range of perspectives in the cryptocurrency market, thereby underscoring the capricious character of these <a href=\"https:\/\/coinscreed.com\/staging\/uae-fsra-updates-sanctions-aml-policy-on-digital-assets.html\" target=\"_blank\" rel=\"noreferrer noopener\">digital assets<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-historical-trends-and-future-developments-for-ether\">Historical Trends and Future Developments for Ether<\/h2>\n\n\n\n<p>Dragosch further substantiates the prospective ascent by highlighting a historical inclination for Ether's performance compared to Bitcoin to &#8220;revert to mean.&#8221; He proposes that Ether regain its typical performance in comparison to Bitcoin. <\/p>\n\n\n\n<p>This theory is consistent with the predictions made in Coinbase's Crypto Market Outlook report, which also predicts that Ether's relative performance will revert to its mean in 2024.<\/p>\n\n\n\n<p>Notwithstanding these optimistic forecasts, Ethereum encounters a myriad of obstacles. Moreover, the network's transaction revenues have decreased substantially, which may positively affect the price of Ether. The inconsistency of these market signals demonstrates the intricate interplay of elements that affect the values of cryptocurrencies.<\/p>\n\n\n\n<p>Investors and analysts will closely monitor Ether's trajectory in 2024 as the <a href=\"https:\/\/coinscreed.com\/staging\/navigating-the-regulatory-landscape-of-privacy-coins.html\" target=\"_blank\" rel=\"noreferrer noopener\">digital currency landscape <\/a>matures. Given its distinctive economic framework and technological progress, it offers a compelling argument for prospective expansion in the forthcoming year, notwithstanding the obstacles intrinsic to the cryptocurrency industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ETC Group has conducted research indicating that Ether, the native cryptocurrency of Ethereum, may surpass Bitcoin in performance by 2024 despite market challenges. Andr\u00e9 Dragosch, Head of Research at ETC Group, bases this prognosis on Ethereum&#8217;s substantial technological advancements. Dragosch highlighted the progression of Ethereum into a preeminent smart contract platform, implying that it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":67760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,23],"tags":[15019,8138,2306],"class_list":["post-67750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-ethereum-news","tag-bitcoin-3","tag-ether-3","tag-etc-group"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-95.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67750"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67760"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}