The growth of the DeFi sector is propelling Reserve Rights, 0x, and Kyber Network

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Bitcoin (BTC) bounced back above the $ 32,000 level today, but Scott Minerd, Guggenheim’s chief investment officer, believes current institutional demand is insufficient to keep the price above $ 30,000 for long. Despite this view, Minerd continues to believe that the current downturn is not changing Bitcoin’s long-term bullish history.

Day view of crypto market data. Source: Coin360

While several institutional investors positively rate Bitcoin as a store of value, BlackRock CEO Larry Fink doesn’t seem impressed. Fink pointed to the volatility and called Bitcoin “a very small market” that is affected by small dollar investments. Although Fink said that “some form of digitized currency will play a bigger role in the future,” he wasn’t sure if it would be Bitcoin.

A cryptocurrency that has a strong use case and can keep up with the ever-growing demands of crypto users may have a bright future. The tokens selected today are strong competitors that meet each of these criteria.