Demetrios Skalkotos gives his 2024 predictions on blockster

Demetrios Skalkotos, the Founder and CEO of expand.network, has been recognized as one of the top ten thought leaders in the Web3 industry. His recent insights, featured in Blockster here, give a view of possible potential outcomes which could bring the inflection point the market needs.

“The imminent decision on Bitcoin and Ethereum ETFs is a pivotal moment for the cryptocurrency industry. If approved, these ETFs could significantly boost the market, validating years of anticipation and investment. Even if they face rejection, the strong underlying momentum in the sector suggests a bullish trend is likely to continue. The growing interest in altcoins complements this, diversifying the crypto landscape beyond just Bitcoin. Furthermore, the upcoming Bitcoin halving is traditionally associated with price increases, adding to the optimistic outlook. We're also observing rising trading volumes and an improving funding sentiment, indicating robust market participation and investment readiness. Additionally, the forthcoming U.S. presidential election could be a game-changer, depending on the new administration's stance on cryptocurrency.”

“The appointment of crypto-friendly officials could further enhance market optimism, making this an essential factor to monitor. Overall, the confluence of these factors points to a bullish future for cryptocurrencies."

About expand.network

Expand.network is a leading DeFI API provider offering a single point of entry to the vast DeFi ecosystem unified API connector for the DeFi ecosystem. With just one unified API you can transact with and access data from 80+ DeFi endpoints, including DEXs, lending protocols, DEX & yield aggregators, oracles, bridges, NFTs, stablecoins, and more. By streamlining the integration resources needed to access DeFi, you can quickly and efficiently transact across multiple blockchains, source robust on-chain data, and build DeFi-related features and applications.

expand.network is backed by Cumberland Labs, an early-stage Web3 incubator founded in partnership with proprietary trading firm DRW and leading crypto market liquidity provider Cumberland.