Bitcoin
BTC$48 068.38

-0.43%

Ethereum
ETH$3 564.24

-1.78%

Cardano
ADA$2.43

-1.86%

Binance Coin
BNB$423.38

-1.83%

Tether
USDT$1.000511

0.01%

XRP
XRP$1.096014

-2.04%

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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Yearn Finance surges 45% as it joins dog pack with WOOFY
Yearn Finance price nearly hits $70000 - What's driving the YFI bulls?
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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86.4% 24 $48 068.38 -0.43% 2.90% $904 552 592 109 $30 966 097 189
2 Ethereum (ETH) ETH Ethereum predictions 72% 52 $3 564.24 -1.78% 3.14% $418 997 277 161 $18 764 428 420
3 Cardano (ADA) ADA Cardano predictions 68% 64 $2.43 -1.86% -4.99% $77 762 171 546 $3 085 080 557
4 Binance Coin (BNB) BNB Binance Coin predictions 63.6% 70 $423.38 -1.83% -1.23% $71 186 613 232 $1 670 523 937
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000511 0.01% 0.05% $68 288 855 645 $74 100 163 467
6 XRP (XRP) XRP XRP predictions 70.4% 55 $1.096014 -2.04% -3.72% $51 098 642 600 $2 972 959 907
7 Solana (SOL) SOL Solana predictions 58.4% 89 $149.74 -5.57% -21.61% $44 447 194 000 $3 259 409 601
8 Polkadot (DOT) DOT Polkadot predictions 59.2% 83 $36.69 2.33% 14.49% $36 235 518 897 $2 308 494 829
9 Dogecoin (DOGE) DOGE Dogecoin predictions 69.2% 65 $0.257382 4.84% 0.32% $33 796 922 711 $1 760 021 804
10 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000184 0.01% 0.02% $29 237 308 733 $2 846 778 419
11 UniSwap (UNI) UNI UniSwap predictions 69.6% 56 $25.95 -4.24% 8.79% $15 869 589 993 $590 249 626
12 Terra (LUNA) LUNA Terra predictions 66.4% 67 $36.55 0.26% 12.35% $14 691 406 586 $1 543 465 878
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 69 $64.75 9.96% 46.82% $14 264 323 937 $2 618 327 427
14 Chainlink (LINK) LINK Chainlink predictions 73.6% 56 $30.07 -4.45% 3.96% $13 594 035 693 $1 522 191 986
15 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000216 0.01% 0.02% $12 747 588 570 $6 369 639 162

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