JPMorgan says ether and altcoins won't catch up to bitcoin without a major network boom
CoinDesk·
60-second summary
JPMorgan analysts assert that ether and the broader altcoin market will struggle to catch up to bitcoin without a significant network boom, citing weak network activity, sluggish decentralized finance growth, and limited real-world adoption as key factors weighing on investor demand, which may continue to hinder altcoin price appreciation and market dominance.
The bank said ether and the broader altcoin market continue to trail bitcoin as weak network activity, sluggish DeFi growth and limited real-world adoption weigh on investor demand.