Bitcoin
BTC$17 136.61

1.72%

Ethereum
ETH$1 287.40

1.81%

Tether
USDT$1.000057

0.01%

Binance Coin
BNB$296.09

-1.06%

USD Coin
USDC$1.000083

0.01%

Binance USD
BUSD$1.000274

0%

Total crypto market cap gains $400B as DeFi tokens lead the recovery


25 May 2021

#yearn.finance

Bitcoin’s move back to $38,000 triggered strong relief rallies in DeFi tokens and a handful of altcoins. Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000 level. 

Some analysts are describing the move as a 'dead cat bounce' but despite those concerns, the bounce in prices seen across the market is likely a welcome sight for cryptocurrency investors who experienced last week’s historical capitulation event that saw nearly $1.3 trillion in value pulled from the total cryptocurrency market cap.

The biggest bounce-back performance among the top 200 coins was seen in the Ethereum (ETH) layer-two solution Polygon (MATIC), which has emerged as the leading L2 solution in the market in recent weeks. Decentralized finance (DeFi) tokens have also been at the front of the comeback, with Maker (MKR) surging 91% overnight to trade above $4,000 while Yearn.finance (YFI) has rallied by 72% and now trades near the $48,000 level.

Other notable DeFi price gainers include Uniswap (UNI) and Aave (AAVE), which saw their token values increase by more than 50%, and a 62% price gain for the Binance Smart Chain-based BakeryToken (BAKE) which now trades above $3.30.

Monday’s turnaround has added nearly $400 billion in value to the total cryptocurrency market capitalization which now stands at $1.615 trillion with a Bitcoin dominance rate currently of 44%.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66.4% 75 $17 136.61 1.72% 3.61% $329 394 279 866 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 73 $1 287.40 1.81% 7.74% $157 543 939 698 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000057 0.01% 0.07% $65 366 394 946 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 64 $296.09 -1.06% -0.76% $47 365 898 356 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000083 0.01% -0.01% $43 257 030 320 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000274 0% -0.03% $22 221 457 711 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 57 $0.402238 0.59% 6.10% $20 228 573 518 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 57.6% 87 $0.104596 -0.37% 29.10% $13 876 834 543 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 64.8% 74 $0.318176 1.16% 1.52% $10 960 116 359 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 68.4% 71 $0.925891 6.60% 9.08% $8 087 029 117 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 66 $5.40 0.29% 0.77% $6 163 240 357 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999871 0.01% -0.01% $5 657 536 504 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 63 $0.054728 1.69% 5.13% $5 564 483 633 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 64.4% 78 $77.28 -0.94% -0.04% $5 543 421 217 LTC 7 days price change

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