The cryptocurrency market fell lower on December 28 when the price of Bitcoin (BTC) lost nearly $ 4,000 in value in a matter of hours with the bulls now looking to secure a support at $ 48,500 to avoid further losses.
Amid the market-wide downsizing, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the storm, with several tokens posting gains in excess of 30%.
Data of Cointelegraph Markets Pro Y TradingView shows that the biggest beneficiaries in the last 24 hours were Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT).
Harvest Finance moves towards full decentralization
Harvest Finance is a DeFi protocol designed to automatically cultivate the highest available yields in the entire ecosystem and optimize the yields users receive by implementing the latest agricultural techniques.
VORTECS โข data from Cointelegraph Markets Pro began to spot a bullish outlook for FARM on December 25, ahead of the recent price hike.
The VORTECS โข score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements, and trading activity. Twitter
As seen in the graph above, the VORTECS โข score for FARM climbed into the green zone on December 25 and peaked at 75 around two hours before the price rose 207% over the next three days.
The increase in FARM's price comes as the project continues to move toward full decentralization, including the ability for community members, known as "builders," to implement new farming strategies and update the user interface as required. necessary.
QuickSwap adds support for Harmony
QucikSwap is a decentralized exchange and automated market maker operating on the Polygon network.
Data of Cointelegraph Markets Pro Y TradingView shows that after trading at a low of $ 235 on Dec 22, QUICK's price catapulted 143% to hit a daily high at $ 570.50 on Dec 28 as its 24-hour trading volume fell. shot 1,240% to $ 166.6 million.
The sudden increase in QUICK price followed the launch of a relay chain between the Harmony (ONE) protocol and Polygon, allowing the creation of a group of MATIC / ONE liquidity providers on QuickSwap.
Related: Ethereum whales dump ETH as price slides below $ 4K, data shows
Aragon bets on digital self-sovereignty
Aragon is a protocol on Ethereum (ETH) network that supports the creation of decentralized autonomous organizations (DAO) as a way to help develop governance structures that encourage community participation.
VORTECS โข data from Cointelegraph Markets Pro began to spot a bullish outlook for ANT on December 25, ahead of the recent price spike.
As seen in the chart above, the VORTECS โข score for ANT began to rebound on December 25 and peaked at 73 around 45 hours before its price rose 55% over the next day.
ANT's price appreciation occurs as the Web 3.0 concept has been gaining momentum heading into 2022, which has helped the Aragรณn team advance towards its goal of supporting "organizational forms that defend self-sovereignty."
The overall cryptocurrency market capitalization is now $ 2.276 trillion and Bitcoin's dominance rate is 40.2%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and business move involves risk, you should do your own research when making a decision.
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