Bank of America (BofA) announced that altcoins powering smart contract-backed blockchains by 2023 He claimed he would lead the rally.
BofA, in its report published on February 24, BNB, Avalanche (AVAX), Ethereum (ETH), Chainlink (LINK), and Cardano (ADA) like smart contract-backed blockchains empowering tokens, meme And governance from tokens better performance He said they thought it would show. The bank stated that the crypto money markets started the new year with a performance above expectations. Bank ecosystem since the beginning of the year 42% by showing growth to 1.1 trillion stated that it has arrived.
In the report, among tokens in 2023 price differences Expressing that it is expected to start forming, the bank said, tokens for economic use meme tokens and governance tokens that you will leave behind He claimed. Many independent analysts shared a similar opinion with BofA, claiming that regardless of traditional or digital finance, its use and ability to respond to needs determine the future of a product.
Local cryptocurrencies of tokens on which bank developers can develop smart contracts to growth stocks likened and with their growth stocks to similar risks claimed to have been exposed. BofA, this year’s rally small volume liquid tokens lead stated that he did.
Strong economic data delaying the recession because be cautious stating that this situation should also to reflation And to grow He also stressed that he could
In the report, the rally in January was partially liquidation of short positions And return to mean long-term, considering the high interest rates some more time to grow that you can put pressure was also mentioned.