Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum
Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison. However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it’ll be into DeFi tokens, and not Ethereum […]
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Ethereum has proved itself be to a force to be reckoned with and big bank JPMorgan agrees. When it comes to performance, Ethereum has outperformed rival Bitcoin, although the latter remains the most valuable cryptocurrency in the space. However, if history is any indication to go by, then Bitcoin may not be in the lead for much longer. Analysts at JPMorgan recently released a report on cryptocurrencies and their potential. Although the note acknowledged the ability of Bitcoin, it also puts Ethereum ahead of the leading cryptocurrency in coming years. The report based its argument on the....
The Ethereum decentralized finance market has undergone a strong rejection over recent weeks. Leading DeFi coins are down 30-80% since the highs they posted in mid August or early September. One analysis by a noted crypto analyst shows that the average DeFi coin, including Ethereum, is down 60.5% since their local highs. Even the best-performer, […]
The Ethereum decentralized finance market has undergone a strong rejection over recent weeks. Leading DeFi coins are down 30-80% since the highs they posted in mid August or early September. One analysis by a noted crypto analyst shows that the average DeFi coin, including Ethereum, is down 60.5% since their local highs. Even the best-performer, […]
The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance measures the suggestive volatility from bitcoin and ethereum options markets. It’s still early but a new product has been launched that may be able to give cryptocurrency traders a rough idea of how the crypto market is feeling and if traders expect future price fluctuations. The new....