Latest news with #NicolaiSondergaard
Forbes
02-04-2025
- Science
- Forbes
4 Lessons From DeSci Boom And Bust Token Cycles
The DeSci sector tokens have generally declined ShutterStock At the beginning of 2025, the Decentralized Science, also called DeSci, movement experienced significant momentum, marked by several key developments such as the emergence of new projects, market growth and investment, technological advancements, and community and collaboration. However, recent developments in the industry have presented substantial market challenges for DeSci tokens. According to Binance, one of DesSci's most prolific tokens, for the BIO Protocol, took a large plummet. After a meteoric rise of 2,700%, BIO's value plummeted to $0.1214 by March 7, 2025, erasing approximately $1.1 billion in market capitalization. This decline was attributed to market saturation, profit-taking, geopolitical tensions, and stalled adoption within the biotech community. Nansen Insights, newly released report: DeSci – The Future of Science or Pure Window Dressing? penned by Research Analyst - Nicolai Sondergaard, examines whether DeSci is genuinely solving issues within the scientific community or if it's part of a broader trend within the evolving crypto landscape. The report asserts the world of decentralized science (DeSci) has been volatile, with tokens linked to DeSci projects seeing explosive early gains of up to 1,000% before crashing by as much as 74%. Despite these dramatic fluctuations, interest in DeSci continues to grow, driven by the promise of transforming scientific research and funding. Nansen's latest report, Nicolai's Key takeaways regarding DeSci, as reflected in the report, are: While the DeSci movement aims to revolutionize scientific research through decentralization and blockchain technology, its associated tokens currently face significant market challenges. The future trajectory will depend on addressing adoption barriers, clarifying regulatory frameworks, and demonstrating tangible benefits to the scientific community.
Forbes
01-04-2025
- Science
- Forbes
DeSci Boom Or Bust?
The DeSci sector tokens have generally declined At the beginning of 2025, the Decentralized Science (DeSci) movement experienced significant momentum, marked by several key developments such as the emergence of new projects, market growth and investment, technological advancements, and community and collaboration. However, recent developments in the industry have presented substantial market challenges for DeSci tokens. According to Binance, one of DesSci's most prolific tokens took a large plummet. BIO Protocol (BIO) after a meteoric rise of 2,700%, BIO's value plummeted to $0.1214 by March 7, 2025, erasing approximately $1.1 billion in market capitalization. This decline was attributed to market saturation, profit-taking, geopolitical tensions, and stalled adoption within the biotech community. Disrupting Traditional Science or Just Another Crypto Hype? – Nansen Insights Nansen Insights, newly released report: DeSci – The Future of Science or Pure Window Dressing? penned by Research Analyst - Nicolai Sondergaard, examines whether DeSci is genuinely solving issues within the scientific community or if it's part of a broader trend within the evolving crypto landscape. The report asserts the world of decentralized science (DeSci) has been volatile, with tokens linked to DeSci projects seeing explosive early gains of up to 1,000% before crashing by as much as 74%. Despite these dramatic fluctuations, interest in DeSci continues to grow, driven by the promise of transforming scientific research and funding. Nansen's latest report, Nicolai's Key Takeaways Regarding DeSci Reflected in the Report Are: While the DeSci movement aims to revolutionize scientific research through decentralization and blockchain technology, its associated tokens currently face significant market challenges. The future trajectory will depend on addressing adoption barriers, clarifying regulatory frameworks, and demonstrating tangible benefits to the scientific community.
Yahoo
24-03-2025
- Business
- Yahoo
Ethereum Whales Accumulate as ETH Price Struggles, Analysts Eye $2,200 Breakout
Ether (ETH) has been on a downward trend for the past three months, dropping over 51% from its peak of $4,100 on December 16, 2024, according to CoinMarketCap data. Despite this, large investors have been steadily accumulating ETH. The number of wallets holding at least $100,000 worth of Ether increased from around 70,000 on March 10 to over 75,000 by March 22, according to Glassnode. In December, when ETH was trading above $4,000, there were over 146,000 such wallets. 'The ETH whales in the 10K to 100K have actually been accumulating ETH, whereas everyone else has been dumping,' said Nicolai Sondergaard, a research analyst at Nansen, during Cointelegraph's Chainreaction show on March 21. Meanwhile, Ether's open interest surged to an all-time high on March 21, raising investor hopes of a potential rally above $2,400. Analysts believe that for ETH to recover, it must reclaim the $2,200 price range. 'If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2,196-$3,900 Macro Range (black),' crypto analyst Rekt Capital wrote in a March 19 X post. However, broader macroeconomic concerns continue to weigh on the market. Analysts predict that uncertainty surrounding trade tensions and retaliatory tariffs will keep financial markets under pressure until at least early April. Despite this, investors remain optimistic about ETH's long-term prospects. Regulatory developments have also influenced market sentiment. The U.S. Securities and Exchange Commission recently dropped its lawsuit against Ripple, a move seen as a positive signal for the broader crypto industry. Looking ahead, investment firm VanEck has predicted that ETH could reach a cycle top of $6,000 in 2025, while Bitcoin could climb to $180,000. Sign in to access your portfolio
