Spartan Black – a pseudonymous fund manager and former partner at Goldman Sachs – explained that a redirection of 10 percent of these three tokens’ market caps would fuel a 78 percent rise in the value of the top five DeFi crypto assets.
“If 10% of the value (circ mkt cap) of these 3 ghost chains is reallocated to the top 5 DeFi projects, the collective value of the 5 DeFi assets will go up 78%. If I add ADA and XLM into the mix of ghost chains, the latter group’s value will more than double. Think about that.”
It is a strong possibility that the hype surrounding DeFi will cause a departure away from assets with less proven utility.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at firstname.lastname@example.org