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DEX and interoperability upgrades show TomoChain (TOMO) wants DeFi dominance

Published 01/13/2021, 05:14 PM
Updated 01/13/2021, 07:00 PM
DEX and interoperability upgrades show TomoChain (TOMO) wants DeFi dominance
BTC/USD
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The cryptocurrency market started the year in full force and with all the bullish breakouts happening it can be difficult to discern which projects are simply being driven by the macro trend and which are making gains based on solid tech developments and improving fundamentals.

As the price of Bitcoin dropped more than $11,000 between Jan. 10 and Jan. 11, a number of altcoins saw double-digit losses but a few DeFi and layer 2-oriented coins bucked the trend and quickly recovered as BTC price consolidated.

TOMO/USDT 4-hour chart. Source: TradingView
TOMO price vs. 30-day Average Daily Sentiment Score. Source: TheTIE

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