Economist: DeFi prices to trend higher as Bitcoin creates tailwind for beta assets

The DeFi sector has been struck hard by the recent market-wide downturn seen throughout the past couple of months.

The DeFi sector is still lagging due to its "High beta" nature.

One economist is now noting that he expects these tokens to see some relief in the near-term, which could act as a prelude to a December bull run that acts as a second wave of the DeFi hype phase.

DeFi tokens continue underperforming Bitcoin, Ethereum.

Despite Ethereum's present strength, assets within the DeFi sector have not yet seen any notable relief rallies, as many are still consolidating or drifting lower.

Per CryptoSlate's proprietary data, the DeFi sector is up just under seven percent today.

Economist claims DeFi bull market may resume in December.

Crypto-focused economist Alex Krüger explained that he thinks DeFi tokens will see higher prices in the coming few days as investors begin speculating on riskier plays.

He believes that the second wave of DeFi hype won't come about until December when investors begin rotating capital away from larger digital assets like Bitcoin and into beta assets.

"Bigger picture, DeFi is not dead, it will eventually resume its 2-way high beta behavior. I'm thinking it will restart a bull-run come December, once market goes back into risk-on mode. Not as strong as the prior run, as crazy yields won't come back."