Altcoins and DeFi tokens have been on an upward trend for the past two weeks and with the end of August approaching, many projects are seeing their tokens reach all-time highs.
- It clears the price lower, but the $48,200 level is now crucial to avoid falling into the bullish trap
Data shows that most of the top 10 DeFi coins have gained more than 20% in the past month, with projects such as Bancor (BNT) and THORChain (RUNE) seeing gains of over 115%.
Top 10 DeFi assets by price. Source: Messari Let’s take a look at some of the factors behind the current DeFi token push and the projects that are leading the way in terms of protocol updates and cross-chain interoperability.
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