Bank of America: 2023 will be the year of utility tokens
According to the BoA’s latest report (https://www.coindesk.com/markets/2023/02/28/2023-will-be-the-year-of-crypto-token-price-divergence-bank-of-america/), the market is expecting a significant divergence in token prices this year. Industry analysts believe that utility tokens will outperform governance and memecoins.
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Moreover, there are some reasons to be cautiously optimistic: 2023 has started relatively well for the industry, despite skeptics' predictions. Over the past two months, the token volume has increased by 42%, reaching $1.1 trillion.
Isn't this just the perfect opportunity to ask, “Who's laughing now, Elon Musk?”
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