Analyst: Speculation and DeFi to Drive Ether Network Activity if Bull Market Continues
On Sept. 20, major cryptocurrencies have risen since the Federal Reserve announced Wednesday that it was cutting the federal funds rate by 50 basis points. If this market recovery evolves into a sustained bull market, analysts are predicting a significant rise in on-chain activity for ethereum.Jasper De Maere, head of research at Outlier Ventures, said that on-chain activity for ethereum is likely to increase significantly as market conditions improve, which is largely driven by speculation as well as increased participation in decentralized applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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