![Ethereum is forecast to surpass Bitcoin in market dominance by 2024](https://i-invdn-com.investing.com/news/Ethereum_800x533_L_1556445201.jpg)
Analysts at JPMorgan have predicted that it is likely to overtake Bitcoin in market dominance by early 2024. This prediction is largely based on the expected implementation of the EIP-4844 upgrade, expected in the first half year 2024.
The upgrade aims to improve Ethereum’s network efficiency by improving sharding, a process of splitting the database to spread the load and increase transaction speed. Additionally, it is predicted to significantly reduce transaction costs on the Ethereum blockchain.
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