Analysts at Bernstein Institute predict that with improved regulatory conditions in major digital currency markets, liquidity in the market will shift from useless meme coins towards more utility tokens in DeFi, gaming, and NFT sectors. According to Tuesday’s report by the analyst group led by Gautam Chhugani, the recent surge in meme coins was a reaction to regulatory crackdowns on utility token and NFT projects. With the appointment of Paul Atkins, a former regulator and digital currency advocate, as the head of the U.S. Securities and Exchange Commission (SEC) by Trump and the launch of a new digital currency task force, the regulatory landscape is changing. Analysts also forecast Bitcoin (BTC) to reach $200,000 by the end of the year, and stablecoins and tokenization of real assets will be priorities in the future of the crypto space, potentially boosting trading volumes on digital currency exchanges.
