Could $ETH flip BTC as the top cryptocurrency? These 7 trends could be a positive catalyst for the next bull run in crypto:
one is just days away, there remains a healthy bit of skepticism, Bernstein analysts Gautam Chhugani and Manas Agrawal wrote in a note last week. They believe it will happen between Sept. 10 and Sept. 20, and it will be a positive catalyst for crypto.2. Rollups to bring the next wave of crypto user demand
Chhugani and Agrawal said there has been a notable increase in user numbers, on-chain liquidity and transactions on rollups such as Optimism and Arbitrum, with transaction activity on rollups now making up around 15%-25% of all transactions on the Ethereum blockchain. are Ethereum layer 2 platforms that help process transactions separately from the main network to increase speed and lower costs.The most asked question by investors is when will the ether market cap eclipse bitcoin’s , the note said. For digital assets, what is more important is that it becomes more of an “innovation-driven, structural trend rather than a macroeconomic asset class.
sector has underperformed layer 1 chains, the analysts said. Layer 2 scalability, however, is now making DeFi affordable again, the Bernstein analysts wrote, noting that the Uniswap exchange now gets about 10% of its fees from rollups.“Crypto games will have their own unique culture,” the Bernstein team said. “Over a million NFT avatars will become playable characters across multiple interoperable crypto games.
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