JPMorgan divides predictions on cryptoma markets, Ethereum Upgrades, Defi, NFTS -
JPMorgan divides predictions on cryptoma markets, Ethereum Upgrades, Defi, NFTS -
The global investment bank JPMorgan has published a report on the future prospects of the cryptoma markets, including the upgrades of Ethereum, decentralized financing (defi) and not fungi token (NFTS). The bank sees "the cryptocurrency markets as increasingly relevant to financial services", says its analyst.
jpmorgan outlines future prospects for cryptoma markets
The JPMorgan Analyst Kenneth Worthington published a report on the prospects in 2022 for the cryptoma markets on Friday. The analyst wrote:
The applications of crypto have just started. Web3.0 and a stronger use of the NFTS tokenization are in sight for 2022.
jpmorgan sees "tokenization and fractionalization as particularly promising, since the transaction speeds in cryptocurrencies with traditional networks become more competitive," continued the analyst.
The report adds:
Defi was a small flop in 2021, but also has great potential in 2022 and beyond.
The analyst said that the development of crypto technology would continue, driven by the scaling of Layer-1 and the introduction and growth of Layer-2. He added that the introduction of Merge and Layer 2.0 could accelerate transactions from Ethereum and reduce energy consumption.
Worthington in detail:
The applications for cryptoma markets will continue to increase and new projects and tokens with more and different applications will appear.
In addition, the JPMorgan analysts found that these projects in connection with tokens and coinbase as a leading stock exchange for the purchase and sale of token "We Coinbase see as a leading direct beneficiary of cryptoma market growth".
Worthington also said that in 2021 the year of the non-fungal tokens, in 2022 the year of the "Blockchain Bridge (which promotes greater interoperability of different chains) or the year of financial token could be". The JPmorgan analyst said:
Therefore we see the cryptocurrency markets as increasingly relevant for financial services.
Another JPMorgan report that was published last week, could lose its defi dominance from scaling problems. Nevertheless, the global investment bank doubled its Bitcoin by $ 146,000 in November last Year.
In the meantime,Jamie Dimon, CEO of JPMorgan, is still skeptical about cryptocurrency. He repeats warned about investments in crypto drives, in particular Bitcoin, and indicate that they have no inner value.
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