Asset management company Bernstein thinks that money in the cryptocurrency market will soon flow into decentralized finance (DeFi) projects.
Bernstein analysts Gautam Chhugani and Mahika Sapra made predictions about the future of the cryptocurrency market in their report published on Monday, March 4.
In the said report, Bitcoin 69 thousand dollar peak It still remains calm these days when it is positioned just a few thousand dollars below its point. DeFi It was stated that the sector could experience a big boom, especially with the break of 69 thousand dollars.
In the report, Bernstein’s cryptocurrency portfolio 15% share to DeFi It was stated that this denominator has increased by 15% since the beginning of the year.
Stagnation in the DeFi market US Securities and Exchange Commission (SEC) crypto money exchange The lawsuit filed against Coinbase Analysts associated with the report included the following statements in the details of the report:
“This is the central question in the Coinbase vs. SEC case, which named 12 tokens as securities, claiming that Coinbase was an unregistered securities exchange,” he said. “As courts have recently applied more nuance than the general arguments typically followed by the SEC (as seen in the Ripple vs. SEC case), we believe the crypto industry senses an opportunity to change the ‘legal’ narrative on tokens.
During the current bull cycle, the DeFi market has almost that only 1-2 days witnessed serious increases.Analysts stated that e-commerce was generally dull and emphasized that money will definitely flow into this sector, which is the building block of the cryptocurrency market.
Uniswap (UNI) It was noted that the positive impact created by the community vote he shared last week will also be seen in other DeFi protocols and this spark could trigger much larger increases.
In past bull cycles Pancakeswao (CAKE), UNI And Sushiswap (SUSHI) Projects like these performed better than many altcoins and made their investors rich.