以太坊 (ETH) 在 12 月和 1 月的表现可能优于比特币 (BTC)：原因如下

随着 2024 年即将结束，许多加密货币爱好者正在密切关注市场，以确定哪种数字资产可能在今年最后几个月和新年中表现最佳。

As 2024 draws to a close, many crypto enthusiasts are keeping a close eye on the market to determine which digital asset might perform best in the final months of the year and into the new year. While Bitcoin (BTC) has long dominated the cryptocurrency market, Ethereum (ETH) is gaining attention, with some analysts suggesting it could outperform Bitcoin in December and January. Here are five key reasons why Ethereum may be poised for a stronger performance than Bitcoin in the upcoming months.

随着 2024 年接近尾声，许多加密货币爱好者正在密切关注市场，以确定哪种数字资产可能在今年最后几个月和新年中表现最佳。虽然比特币 (BTC) 长期以来一直主导着加密货币市场，但以太坊 (ETH) 正在引起人们的关注，一些分析师表示，它在 12 月和 1 月的表现可能会超过比特币。以下是以太坊在未来几个月可能表现优于比特币的五个关键原因。

1. Increased Institutional Adoption of Ethereum

1. 以太坊的机构采用率增加

Ethereum has seen a surge in institutional adoption over the past year, especially as large investors and financial institutions seek more diversified exposure to the cryptocurrency space. Unlike Bitcoin, which is primarily seen as a store of value or digital gold, Ethereum offers a wide range of use cases due to its smart contract capabilities. Institutions are increasingly looking to Ethereum for its decentralized finance (DeFi) ecosystem, as well as its expanding role in industries like supply chain management, gaming, and NFTs.

在过去的一年里，以太坊的机构采用率激增，特别是在大型投资者和金融机构寻求更多元化的加密货币领域投资的情况下。与主要被视为价值储存或数字黄金的比特币不同，以太坊由于其智能合约功能而提供了广泛的用例。机构越来越多地关注以太坊的去中心化金融（DeFi）生态系统，以及它在供应链管理、游戏和 NFT 等行业中不断扩大的作用。

In the coming months, the continued growth of Ethereum’s institutional base could fuel greater demand, pushing its price higher relative to Bitcoin. As Ethereum becomes more integrated into enterprise blockchain applications, it is likely to see continued inflows from large-scale investors, which could contribute to its outperformance in the market.

在接下来的几个月中，以太坊机构基础的持续增长可能会刺激更大的需求，从而推高其相对于比特币的价格。随着以太坊越来越多地融入企业区块链应用程序，它可能会看到大规模投资者的持续流入，这可能有助于其在市场上的优异表现。

2. Ethereum’s Transition to Proof-of-Stake (PoS)

2. 以太坊向权益证明（PoS）的转变

Ethereum's shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has been one of the most significant developments in the crypto space. The Ethereum 2.0 upgrade, which has already seen the network switch to PoS, has improved scalability, security, and energy efficiency. This upgrade has made Ethereum more attractive to both developers and institutional investors, as it promises faster transaction speeds and lower energy consumption compared to Bitcoin’s PoW system.

以太坊从工作证明（PoW）到股权证明（PoS）的转变是加密领域最重要的发展之一。以太坊 2.0 升级，网络已转向 PoS，提高了可扩展性、安全性和能源效率。这一升级使以太坊对开发商和机构投资者都更具吸引力，因为与比特币的 PoW 系统相比，它承诺更快的交易速度和更低的能耗。

With PoS now fully implemented, Ethereum’s network can handle more transactions and support a larger number of decentralized applications (dApps) and smart contracts, potentially increasing its demand and usage. As Ethereum continues to solidify its position as the backbone of the decentralized web, this technological advantage could drive its price higher, potentially outperforming Bitcoin during the upcoming months.

随着PoS现已全面实施，以太坊网络可以处理更多交易并支持更多去中心化应用程序（dApp）和智能合约，从而可能增加其需求和使用。随着以太坊继续巩固其作为去中心化网络支柱的地位，这种技术优势可能会推高其价格，在未来几个月内可能会超越比特币。

3. Rising Demand for Decentralized Finance (DeFi)

3.去中心化金融（DeFi）需求不断增长

Decentralized Finance (DeFi) is one of the fastest-growing sectors in the cryptocurrency ecosystem, and Ethereum is at the heart of it. A large majority of DeFi applications are built on the Ethereum blockchain, which provides decentralized lending, borrowing, trading, and yield farming services. As DeFi continues to grow in popularity, Ethereum’s role in this space will only expand, driving further demand for ETH.

去中心化金融（DeFi）是加密货币生态系统中增长最快的领域之一，而以太坊是其核心。绝大多数 DeFi 应用程序都构建在以太坊区块链上，该区块链提供去中心化借贷、借贷、交易和流动性挖矿服务。随着 DeFi 的不断普及，以太坊在这一领域的作用只会扩大，从而进一步推动对 ETH 的需求。

In December and January, as more investors and developers turn to DeFi platforms, Ethereum could see increased transaction volume and network activity. This heightened demand for DeFi services could push Ethereum’s price higher, especially as Ethereum remains the dominant platform for DeFi projects. Bitcoin, on the other hand, does not have the same level of DeFi infrastructure and could miss out on this growth.

12 月和 1 月，随着越来越多的投资者和开发者转向 DeFi 平台，以太坊的交易量和网络活动可能会增加。对 DeFi 服务的需求增加可能会推高以太坊的价格，特别是在以太坊仍然是 DeFi 项目的主导平台的情况下。另一方面，比特币没有同等水平的 DeFi 基础设施，可能会错过这种增长。

4. Ethereum’s Role in NFTs and Web3

4. 以太坊在 NFT 和 Web3 中的作用

Another key factor that could drive Ethereum's outperformance is its dominant role in the NFT (Non-Fungible Token) and Web3 ecosystem. NFTs, which represent unique digital assets such as art, music, and collectibles, are primarily built on the Ethereum blockchain. As interest in NFTs and the broader Web3 space continues to grow, Ethereum stands to benefit from increased demand for its network.

推动以太坊表现出色的另一个关键因素是其在 NFT（不可替代代币）和 Web3 生态系统中的主导地位。 NFT 代表艺术、音乐和收藏品等独特的数字资产，主要构建在以太坊区块链上。随着人们对 NFT 和更广泛的 Web3 领域的兴趣不断增长，以太坊将从对其网络需求的增加中受益。

In addition to NFTs, Ethereum’s role as the foundation for Web3 technologies—decentralized applications, tokenized communities, and the metaverse—gives it a strong edge over Bitcoin. As these sectors continue to gain momentum, Ethereum’s value proposition as the go-to platform for decentralized applications could fuel its price appreciation in the coming months.

除了 NFT 之外，以太坊作为 Web3 技术（去中心化应用程序、代币化社区和元宇宙）基础的作用使其比比特币具有强大的优势。随着这些行业继续增长势头，以太坊作为去中心化应用程序首选平台的价值主张可能会在未来几个月推动其价格上涨。

5. Ethereum’s Deflationary Supply Model

5.以太坊的通货紧缩供给模型

Ethereum's transition to Proof-of-Stake has also introduced a deflationary supply model with the EIP-1559 upgrade. This upgrade introduced a mechanism that burns a portion of ETH transaction fees, effectively reducing the overall supply of ETH over time. As the Ethereum network becomes more heavily used, the deflationary effects could intensify, leading to a potential supply shortage and increased demand for the asset.

以太坊向权益证明的过渡还通过 EIP-1559 升级引入了通货紧缩供应模型。此次升级引入了一种燃烧部分 ETH 交易费用的机制，随着时间的推移，有效减少了 ETH 的总体供应量。随着以太坊网络的使用越来越广泛，通货紧缩效应可能会加剧，导致潜在的供应短缺和对该资产的需求增加。

In contrast, Bitcoin’s supply is fixed, with a maximum cap of 21 million coins. While Bitcoin’s scarcity is one of its main value propositions, Ethereum’s deflationary supply model could create upward pressure on its price if demand continues to rise. As more ETH is burned, the circulating supply decreases, potentially making ETH more valuable relative to Bitcoin, particularly in the coming months when network usage could be high.

相比之下，比特币的供应量是固定的，上限为 2100 万枚。虽然比特币的稀缺性是其主要价值主张之一，但如果需求继续上升，以太坊的通货紧缩供应模式可能会对其价格造成上行压力。随着越来越多的 ETH 被销毁，循环供应量减少，这可能会使 ETH 相对于比特币更有价值，特别是在未来几个月网络使用率可能很高的情况下。

While Bitcoin remains the market leader and a popular store of value, Ethereum’s strong fundamentals and growth prospects could allow it to outperform Bitcoin in the last months of 2024 and into early 2025. Factors such as increasing institutional adoption, the continued growth of

虽然比特币仍然是市场领导者和受欢迎的价值储存手段，但以太坊强劲的基本面和增长前景可能使其在 2024 年最后几个月和 2025 年初的表现优于比特币。