$DEFI - Growing DeFi Sector and 10% Breakout! DeFi Technologies is up 10.4% on continued strength in the crypto market trading with 1.5M volume.
Matthew Roszak, crypto billionaire and co-founder/chairman of Bloq, recently stated that the DeFi sector could reach $800B by next year. This would mean it has to grow 10x in a single year. Matthew says this is possible due to a few reasons.
- Mainstream cryptocurrency adoption
- A global chaise for yield
- Elevated inflation
- Increase in investments into the sector. Assets committed to DeFi projects are up 385% this year
- Crypto staking should help decrease the environmental cons of mining due to the 99% less energy needed
https://www.google.ca/amp/s/www.businessinsider.com/defi-crypto-800-billion-industry-billionaire-decentralized-finance-vesper-2021-08%3famp
With the market estimated to grow 10x, $DEFI is especially poised to benefit from the growth due to their 3 main business branches: venture, governance, and asset management. IMO, $DEFI’s next Q should be extremely impressive due to the recent comeback in crypto.
$DEFI looks pretty good right now with a market cap of $322M. Can't wait to see what they have in store for us in the future. GLTA!