After a strong pullback on Wednesday morning, decentralized finance (DeFi) coins are once again rocketing higher. Top coins pertaining to the space have gained dozens of percent in the past day, becoming the top-performing crypto assets in the top 100 by market capitalization.
Bitcoin is basically flat over the past day as it attempts to consolidate between $17,000 and $18,500. BTC continuing to consolidate may allow altcoins to rally further as attention naturally shifts to coins that can make investors more money in the interim, altcoins.
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Top DeFi Coins Gain Dozens of Percent
Top DeFi coins are surging dozens of percent amid a shift from Ethereum to altcoins further down the risk curve.
SushiSwap’s SUSHI is up 40% in the past 24 hours, pushing to multi-week highs. The coin is benefiting from a shift in liquidity from Uniswap, its primary competitor and the protocol from which it