These DeFi Tokens Have Double-Digit Gains as Bitcoin’s Growth Tapers

As Bitcoin bulls attempt to flip $18K to support, DeFi investors are bagging hefty triple-digit sums. 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: MessariAs shown by Messari’s DeFi assets index, many of the top tokens are providing hefty....

Bitcoin’s first decade was marked by considerable growth. The advent of decentralized finance (DeFI) could do the same for its next ten years. The post Following One Decade Of Growth, DeFi Could Guide Bitcoin’s Next appeared first on Bitcoin Magazine.

Ethereum, DeFi tokens, and altcoins capitalized on Bitcoin’s consolidation by rallying strongly in the past 48-hours. For the past two days, Bitcoin price has traded within the $14,800 to $15,500 range but the top-digital asset struggled to flip $15,500 to support. A positive is BTC continues to make higher lows and at the time of writing the price is trying to break from the range but still encountering resistance at $15,500. While BTC price has bounced back and forth, altcoins and select DeFi tokens capitalized on the consolidation phase and turned bullish. DeFi having a day Top 3: $YAX....

Aave’s rising total value locked, improving fundamentals and renewed interest in DeFi tokens triggered a double-digit rally in AAVE price. As the crypto bull market continues to gain traction, the price of Aave’s native token, (AAVE), is pushing toward new all-time highs.The growth of the decentralized lending platform appears to be bolstered by improving fundamentals, steady growth in the total value locked on the platform, and the creation of a DeFi based crypto-collectibles token and community called Aavegotchi, Unarguably, Aave was one of the DeFi success stories of 2020, as its price....

A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg. In such times, it is no surprise that the decentralized finance space, a place where mouth-watering yields can be found, has become an investor favorite. Due to high investor demand, Coinbase pro has recently added support for several DeFi tokens. Expanding its offering further, the cryptocurrency exchange has announced that it will extend support for Aave, Bancor, and....