Bitcoin
BTC$61 250.62

-2.84%

Ethereum
ETH$4 042.30

-2.55%

Binance Coin
BNB$482.49

0.74%

Cardano
ADA$2.16

-0.54%

Tether
USDT$1.000245

0.03%

Solana
SOL$204.24

0.80%

DeFi goes boom as top tokens crash by 50% in one week


09 Sep 2020

#Ethereum

The markets hardest hit include Curve — which is down 65% this week, followed by Meta with a 58% loss, Ren with 52%, AirSwap with 51%, and bZx Network and Wrapped Nexus Mutual with a 49% draw-down each. The sell-off has erased the gains enjoyed by most DeFi markets during August’s month of record volatility, with more than 60% of the tokens featured in Messari’s DeFi list posting a 30-day loss as of this writing. Curve again leads the monthly losers with a 58% loss, followed by Bancor with 57.8%, Kava with 50%, and Meta with 46%.

Ethereum (ETH) tokens in general have suffered this past week, with only 14 of 178 markets posting a gain — seven of which are stablecoins. Only two Ethereum tokens were able to post double-digit gains this week, with ZB and Origintrail topping the list with roughly 15% each. Less than one-third of Ethereum tokens have retained 30-day gains. The publication of Messari’s findings sparked a variety of responses on Twitter, with user ‘stackthosesats’ replying:

DeFi is going straight into the ground. Just another series of scams. Other traders appear to view the price slump as an opportunity to stockpile discounted tokens, with ‘Ms. Coins’ asserting it is a “great time to scoop up some at those prices.”

Source


Related

Ethereum sees picture perfect rejection at all-time highs
Ethereum sees picture perfect rejection at all-time highs
Ethereum nears its own all-time high as ETH price retakes $4K
Ethereum nears its own all-time high as ETH price retakes $4K
This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin
Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin
Amount of ETH held by miners reaches highest level since 2016
Amount of ETH held by miners reaches highest level since 2016
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
ETH 2.0 moves closer to fruition as devs set Altair upgrade for October
ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66% 76 $61 250.62 -2.84% -0.77% $1 154 674 094 562 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.8% 57 $4 042.30 -2.55% 5.39% $477 150 448 535 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 60 $482.49 0.74% 2.70% $80 480 315 639 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 91.2% 12 $2.16 -0.54% -2.20% $71 185 024 084 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000245 0.03% 0.09% $69 591 162 791 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 70.8% 55 $204.24 0.80% 29.17% $61 440 079 262 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 51 $1.096102 -0.97% -3.88% $51 457 996 304 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60% 79 $44.55 -0.99% 2.11% $43 999 075 422 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 69.2% 56 $0.246907 0.64% 4.09% $32 542 542 435 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000313 0.06% 0.09% $32 442 834 043 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.6% 65 $43.44 5.78% 17.86% $17 443 010 900 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74% 47 $25.79 -2.88% -0.74% $15 775 566 720 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.57 4.10% 17.36% $14 663 644 845 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 61.6% 75 $61 265.73 -2.87% -0.84% $13 545 425 709 WBTC 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 72.8% 50 $29.07 -0.32% 7.40% $13 401 075 815 LINK 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.