In just one year, DeFi has recorded a locked up overall value increase of 2000% as the new era of finance began to grow.
When compared to the total market capitalization of cryptocurrencies, DeFi only represents less than 2%. This means, there is still a lot of room for this technology to continue to grow.
While great institutions expect the price of Bitcoin to double 20x in the future, Ethereum (ETH) is also not left behind showing a high spike potential.
At the time of writing, the ETH price is trading at $ 735, about 50% less than its record high of $ 1,392.
Spartan Group and former Goldman Sachs business partner Kevin Koh through a tweet on his Twitter account today expect:
1. BTC will jump to $ 100,000 in 2021
2. The value of ETH will soar above the all-time high of the next 6 months
3. Polkadot (DOT) will reach the top five position based on market capitalization in 2021
Currently, there are 6 DeFi protocols that have over one billion dollars locked.
Koh predicts some of the multi-billion dollar DeFi tokens based on market capitalization will increase with UNI, SNX, YFI, AAVE and COMP as key competitors.
