Analyst: Major Bull Run Has Already Started

Source: https://medium.com/buytex-exchange/analyst-major-bull-run-has-already-started-d144d7937159

Simon Dedic says that the recent influx of money into the crypto space is evidence that a strong bull market has already begun.

In his opinion the current climate in the crypto landscape is in many ways reminiscent of 2017’s ICO boom. A whole host of new projects are popping up, with token sales selling out in hours, especially in the decentralized finance arena. Recent months have seen a surge of fresh money entering the crypto markets.

Dedic agrees that the latest DeFi craze is reminiscent of the ICO-mania in 2017, and feels that it is likely to play out in a similar way: “It’s a narrative. Many interesting concepts arise that might change the financial sector. However, many useless cash grabs will as well.”

With fresh money coming into the market, Dedic believes that we will see another strong bull market, and that it has already started, if slowly.