DeFi blue chips are eager to beat Bitcoin

CONTENT

  • DeFi / BTC Pairs May Show Significant Growth.

  • Tokens of SushiSwap, Aave, Synthetix and Uniswap projects may become growth leaders.

  • DeFi Locked Assets (TVL) Reach All-Time High of $ 14.7 Billion.

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Bitcoin has formed a double top in the region of historic highs, and in the meantime DeFi Decentralized finance (DeFi) is a financial services built on blockchain technology that offer users access to an open, efficient and … More-tokens are showing active growth.

Recently, the focus has been on the bitcoin rate (BTC), storming historical highs. However, in this area, the world’s first cryptocurrency failed, and in the short term, this could provoke an aggressive correction. From the highs on the way to $ 20,000, BTC managed to roll back under $ 19,000 (although at the time of writing, the pair was again trying to recover above this mark).

Such a slipping of the Bitcoin rally can be very successful for investors who trade tokens in the decentralized finance segment (DeFi) against BTC. Several popular traders in the crypto community have already noticed this. One of them stated that all major DeFi / BTC pairs could show 50% – 100% growth.

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if your goal is to make more #Btc, right now is the point of maximum opportunity to do that through #DeFi.

all the major DeFi / btc pairs are looking good for 50-100% moves higher.

who doesn’t want to double their $ btc stack? $ AAVE $ SNX $ SUSHI $ UNI $ CVP $ YFI pic.twitter.com/ZpnADh51y9

– DeFi is heating up Bluntz (@SmartContracter) November 29, 2020

DeFi Tokens Prepare for Growth?

The aforementioned trader believes that almost all DeFi tokens could outperform Bitcoin in the next few weeks. Many of them are already registering double-digit gains, finding a second wind after the failed launch of their protocols several months ago..

In particular, the analyst has placed his highest hopes on the tokens of the SushiSwap, Aave, Synthetix and Uniswap projects..

So the course SUSHI in the last 24 hours at the time of writing, it has risen 30% and for the first time since mid-September broke above the $ 2 mark. Meanwhile, the bulls still have a lot to strive for, as the peak high for this governance token is located at $ 8+.

DeFi blue chips are eager to beat Bitcoin

It looks like collateral is returning to the SushiSwap platform as well. Since November 27, the total dollar value of all assets blocked in this DeFi protocol (TVL) has increased by 34% and reached $ 738 million. However, this is only about half of the amount of assets that was stored on the platform during the “vampire attack” on Uniswap.

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Asset prices and volumes are on the rise

Native Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More projects Aave over the past week, it has increased in price by 16% and is again approaching $ 80, while the token rate Synthetix (SNX) almost reached $ 5.

Protocol token Uniswap (UNI) is trading in the $ 3.70 region at time of writing, gaining 56% in the past 30 days. Recall that the historical maximum for UNI was marked at $ 8.

According to the Messari tracker, DeFi tokens such as Serum, Swerve, Cream and Curve are currently showing high activity..

The total dollar value of all assets locked in the DeFi segment reached a record $ 14.74 billion on December 1, according to analyst DeFi Pulse. Today, at the time of writing, this indicator has rolled back to $ 14.26 billion, but it is too early to talk about a trend reversal.

Recall that earlier the BeInCrypto editorial staff had already assumed that such bullish trends in the DeFi market could be associated with the launch of the ETH 2.0 deposit contract, which laid the long-awaited foundation for the transition to the new Ethereum protocol. Yesterday, December 1, the first block was officially mined on the Ethereum 2.0 network, and this may further support the optimism of the crypto community regarding the Ethereum ecosystem and its DeFi industry..

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DeFi blue chips are eager to beat Bitcoin
DeFi blue chips are eager to beat Bitcoin
DeFi Blue Chips Strive to Beat Bitcoin

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