EOS (EOSUSD)

[BestChange]

Messari analysts are confident in the superiority of the USDC in the near future

Analysts at Messari concluded that USDC's popularity on ETH has grown much faster this year than Tether's. Experts believe that USDC has every chance of becoming the dominant stablecoin on ETH. The study found that interest in USD Coin increased so much that stablecoin was able to absorb a significant portion of USDT's market share. Messari believes that in the short term, this may contribute to a decrease in the share of Tether among stablecoins on ETH. Messari analyst Ryan Watkins noted that more than 40% of the stablecoins on ETH are in USDC. “Although this percentage is not as high as DAI, USDC leads by a wide margin in dollar terms and has become the preferred stablecoin in DeFi for now,” the analyst concluded.

Analyst predicts bitcoin recovery

Well-known cryptanalyst Willie Woo said that the market has not yet become "bearish". He believes that in the near future the rate of the main cryptocurrency will recover, as evidenced by the data of the blockchain performance indicators. Woo pointed out that long-term investors are now busy accumulating assets in BTC. They buy off bitcoins against the backdrop of a fall in the rate of a crypto coin. “The ‘Rick Astley’ is the holder that keeps buying and never tends to sell much ... And of course Rick was very active over 2021, and then suddenly all the coins moved away from Rick to the weak hands — the speculative traders that buy and sell. Now we’re seeing that cross back into moving to Rick," Willie Woo said, hinting at the hit of the singer Rick Astley "Never Let You Down".