In brief
- Grayscale’s Zach Pandl thinks a bottom could be forming for the crypto market’s leading altcoins, based on their recent resilience.
- Despite macroeconomic uncertainties heightened by conflict in the Middle East, Ethereum and Chainlink have notched gains over the past month.
- Pandl pointed to tokenization and stablecoins as factors that are driving the adoption of cryptocurrencies on Wall Street, potentially improving fundamentals.
Crypto’s leading altcoins have fallen far from all-time highs notched last year, but their recent resilience indicates that downward pressure could be abating, according to Grayscale Head of Research Zach Pandl.
In a blog post published on Thursday, Pandl wrote that the crypto asset manager…
