DeFi tokens make triple-digit gains as Bitcoin price searches for support

DeFi tokens make triple-digit gains as Bitcoin price searches for support


[social-share align="stretched" style="button" size="m" template="6" animation="no" counters="yes" counter_pos="hidden" total_counter_pos="leftbig" buttons="facebook,twitter,parlerbutton,mail"]

Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789. 

While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors.

DeFi Assets Index. Source: Messari

Trending: Six Videos Show Votes From Five Different States Being Switched From Trump To Biden On Live TV

As shown by Messari’s DeFi assets index, many of the top tokens are providing hefty double-digit gains.

Within the last 7 days, AAVE ricocheted off its double bottom to rally 214% and currently trades slightly above $80.

Day traders are likely playing the support / resistance checks within the ascending channel pattern. At the time of writing, AAVE’s trading volume, MACD and RSI still reflect a healthy amount of interest from bulls.

AAVE/USDT. Source: TradingView

Even Curve finance’s CRV governance token, one which many crypto investors have described as a

Continue reading

[social-share align="stretched" style="button" size="m" template="6" animation="no" counters="yes" counter_pos="hidden" total_counter_pos="leftbig" buttons="facebook,twitter,parlerbutton,mail"]
You Might Like

Do NOT follow this link or you will be banned from the site!