Skip to main content

Market Overview

Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine

Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine

Bitcoin (BTC) rally might have taken a pause over the last week, but that is no cue for other cryptocurrencies, often referred to as “altcoins.”

While the world’s apex cryptocurrency is up 6% over a period of seven days at $36,926.71 at press time, several altcoins have almost doubled their market valuations over the same period.

DeFi: The decentralized finance protocol-based cryptocurrencies have in particular added tremendous gains over the past week, with SushiSwap (SUSHI) up 103.28% at $7.62 at press-time.

Fellow DeFi cryptocurrency Uniswap (UNI) is up 83.3% at $9.29. Aave (AAVE) has surged 79.47% to $201.06. (YFI) is up 28.16% at $37,566.14.

See Also: What's In Store For DeFi In 2021? - The Analysis And Predictions

Smart Contract: Among cryptocurrency backing smart contract platforms, the top-of-the-chart Ethereum (ETH) has added 24.6% at $1,321.01 in the 7-day period to press-time.

Polkadot (DOT) has surged 98.24% to $16.34 in the same period. Cardano (ADA) is up 37.01% at $0.37 at press-time.

Tezos (XTX), Cosmos (ATOM), and NEO (NEO) are also cryptocurrencies supporting smart contract platforms that have outperformed Bitcoin in the week.

Read Next: Polkadot Outperforms Bitcoin, Rival Ethereum To Join The Top 5 Cryptos: What You Need To Know


Related Articles (GBTC)

View Comments and Join the Discussion!

Posted-In: Bitcoin DeFi EthereumCryptocurrency Intraday Update Markets Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at