Crypto has been drowning deep in the sea since the bears have been charged. Now the global capitalization is showing good signs as we are now sitting on 7.38% which is a sign of improvement. Even Bitcoin has resurrected and now trading above $34.000.
My main concern is on DeFi which has proved to be the biggest player in the industry as it has with 35% since yesterday. We are goin to do a quickk summary on top 3 DeFi in regards to capitalization and ranking in the DeFi sector.
- Capitalization ; 11%
- Trading Volume; 19.56%
Uniswap has been trading at the support zone on $16 and is now trading at $17.71. It is showing bullish signs as the support level managed to hold and it will be wise to wait for the price to start trading above $20.5 then it will be a confirmed bullish trend , provided that the zone will give the support on the price.
- Capitalization ; 12.53%
- Trading Volume ; 39.59%
Chainlink has recovered pretty well and the volumes can show us that it has gained much ground as there is more transactions being handled and the price is at a support zone and we expecting it to hold strong and the bulls might rally the price up further from this bullish order block its sitting upon.
- Capitalization ; 4.8%
- Trading Volume ; 19.77%
- WBTC is just following suit on BTC as they share the same ground