Bernstein analysts remove two altcoins from crypto portfolio and add one

While the world markets were waiting for the Fed's new interest rate decision on Wednesday evening, analysts drew attention to the field of decentralized finance at the asset management company Bernstein. Analysts expect the returns on this area of crypto to exceed 5%, leaving the US money markets' funds behind. In addition, after this analysis, two coins were removed from Bernstein's crypto portfolio and AAVE was added.

The US Federal Reserve (Fed) will announce its new interest rate decision on Wednesday evening at 21 TSI. While a discount of at least 25 basis points is considered certain, the discounts will rise in risky assets within the expectations...

“DeFi wakes up again”

At Bernstein, one of the most important companies globally with assets worth more than 750 billion dollars, analysts also drew attention to the world of DeFi in their latest reports. Analysts wrote that they expect DeFi returns to look attractive again:

“While a possible interest rate cut is at the door, DeFi yields are now attractive. This situation can reawaken the crypto credit markets and re-escal interest in Ethereum ecosystems with Defi.”

“It can go above 5 percent”

The analysts stated that they expect the returns in the DeFi space to exceed the money markets funds:

“If fixed coin DeFi returns become attractive again for crypto investors, the return rate may exceed 5%. This also raises the crypto prices in the DeFi space.”

Two coins came out, AAVE entered

On the other hand, Bernstein analysts also informed that they removed two of the tokens in the digital asset portfolio and added the token of the AAVE, the largest lending protocol in the DeFi domain. While GMX came out of the portfolio with SNX, another DeFi coin, AAVE was included.