Analysts predict an increase in the value of cryptocurrencies in the near future

According to the American investment bank JPMorgan Chase, the increase in the share of stablecoins in the cryptocurrency market means a future increase in the value of digital assets. This was reported by JPMorgan analysts.

«The share of stablecoins in the total cryptocurrency market is very high, which indicates the oversold of regular cryptocurrencies and the possibility of a significant increase in current prices,» said JPMorgan analyst Nikolaos Panigirtzoglou.

At the time of writing, the share of stablecoins in the market has increased to 17%, and their capitalization is $ 155 billion. Investors will have to watch the changes in market sentiment after the analysts' forecast. After all, as it turned out, large investment bankers, who are increasingly involved in the cryptocurrency sector, have an impact on market fluctuations. In May, JPMorgan Chase strategists said that bitcoin has «significant growth potential» and thus helped to change the mood in the crypto market, albeit not for long.