Bitcoin
BTC$66 117.27

0.98%

Ethereum
ETH$3 560.84

5.16%

Tether
USDT$0.999440

-0.01%

Binance Coin
BNB$606.60

1.97%

Solana
SOL$144.88

2.51%

USD Coin
USDC$1.000033

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 87.2% 16 $66 117.27 0.98% -4.80% $1 303 332 000 083 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 41 $3 560.84 5.16% -3.50% $427 834 855 076 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.999440 -0.01% -0.05% $112 496 861 451 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82% 33 $606.60 1.97% -11.51% $89 524 105 392 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 82.8% 28 $144.88 2.51% -9.63% $66 888 447 449 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 3 $1.000033 0% -0.01% $32 442 980 746 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 80.4% 27 $0.487419 4.18% -1.25% $27 086 102 035 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 49 $0.136282 2.81% -6.48% $19 723 035 913 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 74.8% 51 $7.99 0.86% 12.55% $19 444 566 923 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 80.8% 29 $0.411984 1.76% -5.24% $14 718 291 556 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56.4% 94 $0.000021 4.34% -10.90% $12 216 301 796 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.2% 49 $30.12 1.98% -7.28% $11 844 550 609 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 91.6% 1 $66 267.02 1.38% -4.57% $10 154 475 669 WBTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 89.2% 19 $0.114893 -0.95% 0.45% $10 044 287 860 WTRX 7 days price change

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