Outlier Ventures Research Head: Speculation and DeFi to Drive Ether Network Activity if Bull Market Continues
Jasper De Maere, Head of Research at Outlier Ventures, said that on-chain activity in ethereum is likely to increase significantly as market conditions improve. This activity is largely driven by speculation as well as increased participation in decentralized applications.
As the market fluctuates, we're going to see a spike in on-chain activity in Ether, so there's obviously speculative activity and then dApp activity driving on-chain activity,” De Maere said. I would say it will still be driven by speculative activity, and dApp activity will be sustained by airdrops as many companies will be hosting token generation events (TGEs) and coming onto the mainnet.”
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.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
After doubling their stock prices this year, Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) have been downgraded by Jefferies: Their valuations are now considered too high.
Jefferies downgraded refiners Valero Energy (VLO.US) and Marathon Petroleum (MPC.US) from "Buy" to "Hold," with target prices of $401 and $413, respectively.
Crypto prices
More
