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Goldman Sachs Report: Exchange Tokens, Proof-Of-Stake Tokens Outperform The Crypto Market
Summary: According to Coindesk, Goldman Sachs wrote in a new report that since the end of 2019, exchange tokens, Proof-of-Stake tokens have performed better than the broader cryptocurrency market, however, Privacy-focused digital tokens performed slightly less. Isabella Rosenberg, co-head of foreign exchange strategy and analyst at Goldman Sachs, said: "As the market matures, monitoring crypto’s market ...
According to Coindesk, Goldman Sachs wrote in a new report that since the end of 2019, exchange tokens, Proof-of-Stake tokens have performed better than the broader cryptocurrency market, however, Privacy-focused digital tokens performed slightly less.
Isabella Rosenberg, co-head of foreign exchange strategy and analyst at Goldman Sachs, said: "As the market matures, monitoring crypto’s market segments may help determine which network features investors are rewarding, as well as the prospect for practical applications of the technologies."
The report pointed out that compared with other capital markets, cryptocurrency is a "top-heavy market". Bitcoin accounts for 46% of the cryptocurrency market while Ethereum accounts for 20%. In contrast, the two largest stocks in the S&P 500 account for approximately 12% of market cap.
Tags: Bitcoin,Cryptocurrency,Goldman Sachs
Link: Goldman Sachs Report: Exchange Tokens, Proof-Of-Stake Tokens Outperform The Crypto Market [Copy]
