The cryptocurrency market fell on December 28 as Bitcoin (BTC) prices fell by nearly $ 4,000 in a few hours and the Bulls were trying to secure $ 48,500 support to prevent further losses.
In the midst of a market-wide drawdown, the crypto ecosystem’s decentralized finance (DeFi) sector provides some traders with shelter from storms, with some tokens seeing profits of over 30%. I am.
According to data from Cointelegraph Markets Pro and TradingView, Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT) have made the most profits in the last 24 hours.
Harvest Finance Moves for Complete Decentralization
Harvest Finance is a DeFi protocol designed to automatically cultivate the highest yields available from the entire ecosystem and implement the latest cultivation techniques to optimize the yields received by users.
Cointelegraph Markets Pro’s VORTECS ™ data began detecting FARM’s bullish outlook on December 25, ahead of recent price increases.
Cointelegraph’s exclusive VORTECS ™ score is an algorithmic comparison of past and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price fluctuations, and Twitter activity.
As you can see in the graph above, FARM’s VORTECS ™ score rose to the green zone on December 25th, reaching a high of 75 in about two hours and then rising 207% in the next three days. did.
The price of FARM will rise as the project continues to move towards full decentralization, including the ability for community members called “builders” to develop new agricultural strategies and update the user interface as needed.
QuickSwap adds support for Harmony
QucikSwap is a decentralized exchange and automated market maker running on the Polygon network.
After trading at a low of $ 235 on December 22, QUICK’s price rose 143% to a high of $ 570.50 on December 28, according to data from Cointelegraph Markets Pro and TradingView. did. This is due to a 1,240% surge in 24-hour trading volume. $ 166.6 million.
The price surge of QUICK has enabled the creation of MATIC / ONE liquidity provider pools in QuickSwap, following the release of the relay chain between the Harmony (ONE) protocol and Polygon.
Related: Data show that Ethereum whales dump ETH and prices fall below $ 4,000
Aragon focuses on digital sovereignty
Aragon is a protocol on the Ethereum (ETH) network that supports the creation of Decentralized Autonomous Organizations (DAOs) as a way to help develop governance structures that facilitate community involvement.
Cointelegraph Markets Pro’s VORTECS ™ data began detecting ANT’s bullish outlook on December 25, ahead of recent price increases.
As you can see in the graph above, ANT’s VORTECS ™ score began to rise on December 25th and reached a peak of 73 in about 45 hours the next day before the price rose 55%.
The rise in ANT prices is due to the Web 3.0 concept gaining momentum towards 2022 and helping Aragon’s team move towards the goal of supporting a “self-sovereign organizational structure.” ..
The overall market capitalization of cryptocurrencies is currently $ 2.276 trillion and Bitcoin’s dominance is 40.2%.
The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph.com. All investment and transaction movements carry risks. When making a decision, you need to do your own research.
