3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price
DeFi-based tokens are posting double digits gains and outperforming Bitcoin but can the rally continue? Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”. DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, with some tokens showing gains above 60% in the past 5 days. According to a report provided to Delphi Digital’s clients, tokens for popular apps in the DeFi space have been showing great gains in the long and short terms periods.
Coin Telegraph - 22nd Jun 22:06