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On December 28th, due to the price of Bitcoin (Bitcoin) Nearly $4,000 in value loss Within a few hours, the bulls are now hoping to gain support of $48,500 to prevent further losses.
During the entire market decline, the Decentralized Finance (DeFi) sector of the crypto ecosystem provided a safe haven for some traders, and some tokens rose by more than 30%.
Data from Cointelegraph Markets Pro and Transaction view The biggest gains in the past 24 hours are Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT).
Harvest Finance is moving towards complete decentralization
Harvest Finance is a DeFi protocol designed to automatically grow the highest yield available in the entire ecosystem and optimize the yield that users receive by implementing the latest agricultural technology.
VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, the outlook for FARM began to be found to be bullish on December 25.
Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.
As shown in the graph above, FARM’s VORTECS™ score climbed to the green zone on December 25 and reached a high of 75 approximately two hours before the price rose by 207% in the next three days.
As the price of FARM rises, the project continues to move towards full decentralization, including enabling community members (called “builders”) to deploy new agricultural strategies and update the user interface as needed.
QuickSwap added support for Harmony
QucikSwap is a decentralized exchange and automated market maker running on the Polygon network.
Data from Cointelegraph Markets Pro and Transaction view It shows that after trading at a low of US$235 on December 22, the price of QUICK soared by 143% on December 28, reaching a daily high of US$570.50, and its 24-hour trading volume soared by 1,240% to US$166.6 million.
After the release of a relay chain between the Harmony (ONE) protocol and Polygon, the price of QUICK soared suddenly, which led to the creation of a pool of MATIC/ONE liquidity providers on QuickSwap.
related: Data shows that as the price fell below $4,000, the Ethereum Whale dumped ETH
Aragon focuses on digital autonomy
Aragon is a protocol on Ethereum (Ethereum) Support the creation of a network of decentralized autonomous organizations (DAOs) as a way to help develop governance structures that encourage community participation.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on December 25, before the recent price increase.
As shown in the figure above, ANT’s VORTECS™ score began to rise on December 25 and reached a high of 73 in about 45 hours, and then its price rose by 55% the next day.
As the price of ANT is rising, the concept of Web 3.0 is gaining momentum into 2022, which helps Aragon’s team take a big step towards the goal of supporting the “defense of self-sovereign organization”.
The overall cryptocurrency market value is now 2.276 trillion U.S. dollars, and Bitcoin’s dominance rate is 40.2%.
The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, and you should conduct your own research when making a decision.
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