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<p class="wp-block-paragraph">Will Ethereum overtake BTC in the future? This is a question that many crypto enthusiasts are asking. Ethereum has proved to be a strong digital coin that underwent significant changes in the past. These changes turned Ethereum into a crypto powerhouse.</p>



<p class="wp-block-paragraph">We are talking about &#8216;<strong>sharding</strong>&#8216; and &#8216;<strong>proof of stake</strong>&#8216;. </p>



<p class="wp-block-paragraph"><strong>Sharding</strong> is a process in which the Ethereum network splits into &#8216;shard chains&#8217;. These chains split the load of the network and increase the number of transactions per second.</p>



<p class="wp-block-paragraph"><strong>Proof of stake </strong>means that the &#8216;validators&#8217; in the ETH network who validate the ETH transactions are chosen based on the number of staked coins they have; in the past &#8216;proof of work&#8217; required people to solve cryptographic puzzles to get a &#8216;reward&#8217; which was a more complex process. </p>



<p class="wp-block-paragraph">According to the Standard Chartered Bank, <a href="https://fortune.com/crypto/2023/10/12/standard-chartered-ether-ethereum-blockchain-updates-tokenized-assets-gaming/#">Ethereum could reach $8000</a> by the end of 2026. </p>



<p class="wp-block-paragraph">Geoff Kendrick, the Head of Crypto Research predicts that Ethereum is going to expand in the gaming industry and as a cryptocurrency. He also says that more and more businesses are going to use Ethereum&#8217;s network to build their empires. (which will increase ETH&#8217;s value even more)</p>



<p class="wp-block-paragraph">This 400% increase could overtake Bitcoin easily. By the end of 2026, Ethereum could cost a wooping $35.000 which will put the coin at the top in the crypto world.</p>



<h3 class="wp-block-heading">Doubts about Ethereum&#8217;s future on the market</h3>



<p class="wp-block-paragraph">Crypto analyst, Benjamin Cowen has doubts about Ethereum&#8217;s progress as a cryptocurrency. He says that ETH has to hit a lower regression band before reaching new sustainable highs. Ethereum is currently priced at $1.563 but that is going to change, Cowen says. Ethereum&#8217;s value could drop to $800, which is good. The analyst says that this decrease could lead to more powerful and sustainable growth for the crypto.</p>



<h3 class="wp-block-heading">Conclusion</h3>



<p class="wp-block-paragraph">It&#8217;s not sure whether Ethereum is strong enough to overtake Bitcoin by 2026. However, ETH enthusiasts need to prepare for a dip in its value, as per the bear market&#8217;s rule. But as with all market predictions in cryptocurrency, take everything you hear with a grain of salt.</p>



<h3 class="wp-block-heading">Author&#8217;s bio</h3>



<p class="wp-block-paragraph">Marlena Bontas is a freelance writer with a passion for health, technology and mental wellness. She has an MA in Psychology from the University of Helsinki and is currently travelling. Connect with her on Instagram at @<a href="https://www.instagram.com/marlenaeva/">marlenaeva</a></p>

Will Ethereum Overtake Bitcoin by 2026?
