Bitcoin continues to consolidate around $47,000 after failing to overcome $48,000 hours ago. Most altcoins are also untypically calm since the start of the new year, with a few exceptions. Some DeFi tokens, such as UNI and AAVE, have charted more impressive gains.
DeFi Coins on the Rise
Although the altcoin space is generally known for its enhanced volatility, the first three days of 2022 have been quite the opposite as most assets have remained calm.
Ethereum continues to dabble with the $3,800 line. The second-largest crypto surpassed that level yesterday but has declined slightly since then and now sits just shy of it.
Binance Coin finds itself trading at a similar position as yesterday at around $525. Polkadot and Terra are slightly in the green, while Solana, Cardano, Ripple, Avalanche, Dogecoin, and Shiba Inu have registered minor losses.
The most significant gainers come from the DeFi industry. Yearn.Finance’s native token leads the trend with a 12% increase. As a result, YFI
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