empty
 
 
JPMorgan: Ethereum set to outperform bitcoin in long run
09-05-2021 19:11
JPMorgan: Ethereum set to outperform bitcoin in long run
JPMorgan:  Ethereum set to outperform bitcoin in long run

Financial analysts note that in recent days Ethereum (ETH) has been noticeably outperforming bitcoin (BTC). Many experts consider ETH “the backbone of the crypto-native economy” and the most popular means of transactions. Thus, multinational bank and asset manager JPMorgan confirms that this trend is gaining ground. According to analysts at JPMorgan, Ethereum’s tendency to outperform bitcoin is likely to continue in the long run. They highlighted three main factors for ETH’s further uptrend. First of all, Ethereum shows more resilience in terms of liquidity compared to bitcoin.  In the last week of April, both cryptocurrencies faced a steep decline, with bitcoin posting more losses than ether. BTC futures were affected the most compared to ETH. Analysts stress that after the liquidity shock both currencies had experienced, Ethereum recovered much quicker, and liquidity conditions on some exchanges are even better than prior to the event. The second reason that JPMorgan points out is Ethereum’s relatively low reliance on derivatives markets. Experts explain that in the market with high spot turnover the underlying base of long exposure in ETH is less reliant on leverage in the form of futures and swaps than BTC. According to analysts at JPMorgan, the third reason that helps Ethereum overtake bitcoin is its higher pace of transactions. This is explained by traders’ increased activity on DeFi and other platforms. Besides, a higher proportion of ether tokens supports its liquidity that has grown by 11% over the past month compared to 4% in bitcoin.  

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback