Activity on the Ethereum network could increase significantly if the current cryptocurrency rally turns into a sustained bull market, according to The Block Jasper de Maer of Outlier Ventures.
The analyst noted that the drivers will primarily be speculation and increased involvement in dapps.
According to the expert, there is significant pent-up demand from projects looking to launch on Ethereum, indicating the potential for a wave of new offerings across various cryptocurrency sectors.
The expert also noted the high probability of the return of “smart money” to the DeFi sector.
Against this backdrop, de Maer believes the pace of adoption of RWA products may slow down, as “most tokenizations have been in assets like US Treasury bills.”
Earlier, CryptoQuant named the conditions for a “parabolic growth” in the price of the second-largest cryptocurrency by capitalization.
Derive Founder Nick Forster Doubts Ethereum’s Return to ATH by the end of the year.
Former BitMEX CEO Arthur Hayes noted the potential for stocks and other risk assets to fall after the meeting Fed September 18th.
The expert expressed confidence that the second-largest cryptocurrency by market capitalization will soon begin a bullish cycle once the difference in yields between US Treasuries and Ethereum disappears as the Federal Reserve continues to ease policy.
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Source: Cryptocurrency
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