Vision

Synthetix

<p style="text-align: justify;">Kain Warwick, the founder of Synthetix (SNX), argued that the next wave of investors embracing cryptocurrencies will have the opportunity to prefer decentralized applications over their traditional centralized counterparts.</p> 
<h2 id="defi-developments">DeFi Developments!</h2> 
<p style="text-align: justify;">In a new interview with Real Vision <a href="https://en.coin-turk.com/amidst-economists-skepticism-why-cryptocurrency-gains-support-from-influential-millionaires/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a>, Kain Warwick mentioned that decentralized finance (<a href="https://en.coin-turk.com/crypto-experts-critical-warning-the-next-wave-will-grant-opportunities-in-this-area/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>) markets may have been slightly overheated in 2021 due to investors becoming overly optimistic about what the sector can achieve. However, today Kain Warwick emphasized that DeFi has largely met market participants’ expectations with a series of developments and ecosystem growth. He stated:</p> 
<blockquote> 
 <p style="text-align: justify;">It has been a few years since we entered a bear market, and I think the reality is that optimism about what DeFi can offer has overshadowed the actual technology, and it took us a few years to catch up to that. And if you look at the past six months, a lot of different DeFi protocols that were floating around in 2017-2018 have reached a point where I believe they can truly compete with their CeFi (centralized finance) counterparts, which historically is not something we could claim.</p> 
</blockquote> 
<p><img decoding="async" class="aligncenter size-full wp-image-239386" src="https://coin-turk.com/wp-content/uploads/2023/07/analist-3.jpg" alt="" width="866" height="505"></p> 
<h2 id="advantages-of-defi">Advantages of DeFi!</h2> 
<p style="text-align: justify;">With the industry and technology being in a better position than the previous market cycle, Kain Warwick stated that decentralized options now have a higher chance of attracting more new users compared to centralized alternatives. He said:</p> 
<blockquote> 
 <p style="text-align: justify;">So the next step in my mind is that there’s still a group of people in the cryptocurrency space, and the first step is capturing that audience reliably within DeFi and getting them off centralized exchanges. If we can achieve that, then whenever the next wave of people comes in, whether it’s in 2024-2025 or whenever, I think we have a good chance of not losing them to scams, Ponzi schemes, and things like that. In fact, we can ideally keep them in DeFi, where it’s much safer and more transparent.</p> 
</blockquote> 
<h5>The post <a href="https://en.coin-turk.com/crypto-experts-critical-warning-the-next-wave-will-grant-opportunities-in-this-area/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Expert’s Critical Warning: The Next Wave Will Grant Opportunities in This Area!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Crypto Expert’s Critical Warning: The Next Wave Will Grant Opportunities in This Area!

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