Renewed Vigor in DeFi and NFT Markets, JPMorgan Cites Growing Crypto Optimism
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JPMorgan on THURSDAY Underlines A recurrence In THE decentralized finance (Challenge) And non-fungible token (NFT) sectors In A research report.
This the comeback East assigned has THE growth anticipation of A Based in the United States place Bitcoin BTC/USD exchange traded funds (ETF), which has positively influence THE cryptocurrency the market mood, Coin Office reported.
According to has THE report, This slight increase follows A almost two years period of decline, to favor A sense of optimism about THE outlook of Challenge And NFT activities.
THE report, directed by analyst Nikolaos Panigirtzoglou, Express careful optimism: "While We TO DO not doubt This recent the comeback In Challenge/NFT activity East A positive sign, We believe he East Also early has be get excited about that."
Challenge refers to has blockchain-based financial activities, including ready And trade, while NFT are blockchain-based digital assets representative ownership of either virtual Or physical items, And they are exchangeable.
J.P. Morgan analysts note A partial recovery In Challenge, assigned has increase trade activity, a few of which occurs on decentralized exchanges.
Also Read: Hong Kong Financial Pen Letter HAS The legislators For ICO Portal In Offer HAS Booster Economy
Another contributing postman East THE increase of liquid staking, particularly by Pool. They Also observed that Ether ETH/USD has has been underperforming compared with has other cryptocurrencies.
Therefore, assess THE total value locked (TVL) In ETH terms watch a few improvement, given THE bigger earnings In other digital assets recently.
THE report Also find encouragement In THE emergence of new Chains And Challenge protocols as Aptos, SUI, Chain of impulses, Principle, SEI, And Celestia is finished THE pass year.
In addition, THE advent of Bitcoin ordinal has positively impacted NFT.
However, THE Ethereum blockchain seems has to have not benefited Since This recurrence In Challenge And NFT activities.
He keep on going has scrounge with challenges related has network scalability, slow transaction speeds, And upper costs, along with increasing competition Since other layer-1 channels.
Read Next: Switzerland Farm Pando Active AG Joined Bitcoin ETFs Race, Look for Nasdaq SEO For Cryptocurrency Safety
Photo: Shutterstock
© 2023 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
JPMorgan on THURSDAY Underlines A recurrence In THE decentralized finance (Challenge) And non-fungible token (NFT) sectors In A research report.
This the comeback East assigned has THE growth anticipation of A Based in the United States place Bitcoin BTC/USD exchange traded funds (ETF), which has positively influence THE cryptocurrency the market mood, Coin Office reported.
According to has THE report, This slight increase follows A almost two years period of decline, to favor A sense of optimism about THE outlook of Challenge And NFT activities.
THE report, directed by analyst Nikolaos Panigirtzoglou, Express careful optimism: "While We TO DO not doubt This recent the comeback In Challenge/NFT activity East A positive sign, We believe he East Also early has be get excited about that."
Challenge refers to has blockchain-based financial activities, including ready And trade, while NFT are blockchain-based digital assets representative ownership of either virtual Or physical items, And they are exchangeable.
J.P. Morgan analysts note A partial recovery In Challenge, assigned has increase trade activity, a few of which occurs on decentralized exchanges.
Also Read: Hong Kong Financial Pen Letter HAS The legislators For ICO Portal In Offer HAS Booster Economy
Another contributing postman East THE increase of liquid staking, particularly by Pool. They Also observed that Ether ETH/USD has has been underperforming compared with has other cryptocurrencies.
Therefore, assess THE total value locked (TVL) In ETH terms watch a few improvement, given THE bigger earnings In other digital assets recently.
THE report Also find encouragement In THE emergence of new Chains And Challenge protocols as Aptos, SUI, Chain of impulses, Principle, SEI, And Celestia is finished THE pass year.
In addition, THE advent of Bitcoin ordinal has positively impacted NFT.
However, THE Ethereum blockchain seems has to have not benefited Since This recurrence In Challenge And NFT activities.
He keep on going has scrounge with challenges related has network scalability, slow transaction speeds, And upper costs, along with increasing competition Since other layer-1 channels.
Read Next: Switzerland Farm Pando Active AG Joined Bitcoin ETFs Race, Look for Nasdaq SEO For Cryptocurrency Safety
Photo: Shutterstock
© 2023 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
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