The crypto market is recovering following recent losses, and despite the massive volatility, there are all kinds of optimistic predictions floating around the digital assets.
Ethereum new prediciton is out
According to the latest reports, the chief investment officer of Ikigai Asset Management is highlighting one key event that’s necessary to potentially spark a rally in cryptos.
During an interview with the Bankless podcast, Ikigai co-founder Travis Kling says that beyond the US Federal Reserve’s policies which risk sending the economy into recession, it’s the ongoing conflict between Russia and Ukraine that ultimately needs to be resolved in order for the macroeconomic picture to become stable once more.
“If you can get some kind of credible treaty there, that’s going to have this setup of commodity prices down – they’ve already come a lot off the high – but commodity prices down, tightening expectations down, inflation expectations down, equities up, crypto up.”
Kling believes that the leading smart contract platform Ethereum (ETH) would benefit in a major way if the geopolitical and financial situations improve.
“That would be the backdrop for crypto broadly and ETH specifically to run tremendously hard if all of that kind of lines up and you end up threading the needle there.”
He also said the following:
“I’m not saying it’s definitely going to happen, but I think that is the setup.”
At the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,629.
DeFi ecosystem based on ETH
A popular crypto analyst has recently compared a decentralized crypto exchange (DEX) to traditional finance (TradFi) marketplaces in an effort to calculate its real-world value.
The anonymous host of InvestAnswers said not too long ago that he wants to see how the decentralized finance (DeFi) platform Uniswap (UNI) stacks up against two mainstream stock markets as well as the centralized crypto exchange Coinbase.
Check out our previous article in order to learn more details.