Bitcoin may be the cryptocurrency in the headlines, but JPMorgan says its leading altcoin project could outperform once interest rates start to rise. In a recent report, JPMorgan analysts emphasized that Ethereum’s increasing usage count could maintain its value in a rising interest environment with NFTs, gaming and stablecoins. Bitcoin could be set for another slide, according to the analyst.
Leading altcoin “safer” according to report
In a recent report by JPMorgan analysts, the balance of Bitcoin and US monetary policy was mentioned:
The rise in bond yields and the eventual normalization of monetary policy are putting downward pressure on Bitcoin as a form of digital gold, just as higher real returns put downward pressure on traditional gold.
cryptocoin.com In the report we have compiled, the following points are mentioned in the comparison of Bitcoin and Ethereum:
Ethereum may be “more secure” than Bitcoin, but we are talking about crypto, so fluctuating prices are part of the game. However, there are ways to access Ethereum without actually purchasing any tokens. These three look pretty interesting, one might be worth a try with your backup changes.
Ethereum is more active on exchanges
Coinbase, the largest cryptocurrency exchange in the US, is in a prime position to capitalize on the surge in Ethereum trading and earn a transaction fee on every sale or purchase. Many cryptocurrencies sold on the exchange are backed by the Ethereum Blockchain. On the other hand, on the Robinhood exchange, Bitcoin and Ethereum trading has been facilitated since 2018 and now users are allowed to buy and sell Litecoin and Bitcoin Cash.
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