JPMorgan says ether and altcoins could keep underperforming bitcoin without stronger activity

Ethereum's native ether token and other altcoins have continued to underperform bitcoin despite the broader crypto market recovery following the Iran conflict, JPMorgan analysts said.

"And this underperformance trend that started in 2023 is unlikely to change unless we see meaningful improvements in network activity, DeFi and real world applications," the JPMorgan analysts led by managing…