filippiiniläinen
Download

JPMorgan Has Bearish Warning About Ethereum

JPMorgan Has Bearish Warning About Ethereum WikiBit 2022-01-07 14:09

In a recent research note, JPMorgan Chase analyst Nikolaos Panigirtzoglou predicted that Ethereum would continue losing its dominance in the decentralized finance sector.

  In a recent research note, JPMorgan Chase analyst Nikolaos Panigirtzoglou predicted that Ethereum would continue losing its dominance in the decentralized finance sector.

  In order to increase the scalability of the network, it will be divided into independent shards. Sharding is undoubtedly one of the main features of the hotly anticipated Ethereum 2.0 upgrade.

  However, since the shard chain phase is expected to kick-off only in 2023, Panigirtzoglou believes that it will be “too late” for the current leader to catch up to the rest of the market by that time.

  Ethereum's share of the decentralized finance market has been steadily shrinking over the past year. According to data provided by DefiLlama, Ethereum dominance was at more than 97% last January, but its share of the total value locked in DeFi protocols has now shrunk to just 63% due to the rapid growth of such competitors as Terra, Binance Smart Chain, Avalanche and Solana. The fact that Ether is ceding ground to independent blockchains appears to be particularly concerning for Panigirtzoglou.

  The Ethereum network is being plagued by exorbitant fees that make the network inaccessible for a large portion of the DeFi community.

  The year 2021 was a banner one for the Ether token, with its price soaring 396% in 2021. However, JPMorgan predicts that the second-largest cryptocurrency could take a bearish turn in 2022 as the network continues to see fierce competition.

  The Ether price is down 9.52% over the past 24 hours due to a broader market correction that was triggered by a double whammy of looming interest rate hikes and a drop in the Bitcoin hashrate.

  As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

  iOS: t.ly/UUCj

  Android: t.ly/cfYt

  Source: U.TODAY

Disclaimer:

Ang mga pananaw sa artikulong ito ay kumakatawan lamang sa mga personal na pananaw ng may-akda at hindi bumubuo ng payo sa pamumuhunan para sa platform na ito. Ang platform na ito ay hindi ginagarantiyahan ang kawastuhan, pagkakumpleto at pagiging maagap na impormasyon ng artikulo, o mananagot din para sa anumang pagkawala na sanhi ng paggamit o pag-asa ng impormasyon ng artikulo.

  • kombersyon ng Token
  • Pagpapalit ng rate ng palitan
  • Pagkalkula para sa pagbili ng dayuhan
/
(Mga)PC
Kasalukuyang rate
magagamit

0.00