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29 October 2020

First Mover: As Ethereum Enthusiasm Builds, 'Bear Case' Could Still See Prices Double - CoinDesk

First Mover: As Ethereum Enthusiasm Builds, 'Bear Case' Could Still See Prices Double - CoinDesk


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First Mover: As Ethereum Enthusiasm Builds, 'Bear Case' Could Still See Prices Double.

Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies. .

Talk of returns and yields was salted throughout the technical discussions of protocols and governance systems and blockchain arcana like “layer 1” and “layer 2” and “rollups” and “shards.”.

In one of the panels at the conference, David Hoffman, founding father of the DeFi-focused publication Bankless, mapped out the bullish case for ether and said prices could climb to $10,000 or higher, from about $380 now

In a subsequent session, Vishal Shah, founder and CEO of the crypto derivatives exchange Alpha5, mapped out the bearish case but concluded by saying prices could double under that scenario

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