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DeFi sector tokens offer shelter as Bitcoin falls below $48.5K

Published 12/28/2021, 01:08 PM
Updated 12/29/2021, 03:00 PM

The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses.

In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the storm, with several tokens seeing gains in excess of 30%.

Top 7 coins with the highest 24-hour price gains. Source: Cointelegraph Markets Pro

Harvest Finance moves towards full decentralization

VORTECS™ Score (green) vs. FARM price. Source: Cointelegraph Markets Pro

QuickSwap adds support for Harmony

QUICK/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (dark grey) vs. ANT price. Source: Cointelegraph Markets Pro

Continue Reading on Coin Telegraph

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