As is the case a few times per week, the DeFi markets continue to show bullish momentum signs. Several assets note substantial gains in the past 24 hours, indicating there may be more to come. This week may prove rather interesting for these alternative markets.
Whenever a new DeFi asset makes the watchlist, there is a reason for cautious optimism. In the case of IDLE, there is a 68.5% price increase out of the blue. With a current value of $3.42, its market cap remains below $2 million. The asset has an all-time high of $4.88, which is just 2 hours old.
COL (Unit Protocol)
It is the second time that we see COL in the daily DeFi watchlist. A positive sign for this asset, although traders need to remain cautious at all times. A net 33% price increase may seem appealing, but this market can turn around on a dime. With an all-time high recorded just 3 hours ago, there is a good chance a new record looms later this week.
WING (Wing Finance)
It has been a while since WING made its way to the daily DeFi watchlist, yet the asset continues to perform decently. In the past 24 hours, WING gained 28.4%, bringing its value to $13.09. This is not far off the all-time low for this asset, which is $7.06. Returning to the ATH of nearly $250 seems impossible at this stage.
PICKLE (Pickle Finance)
The PICKLE asset is always popular among Twitter users, for some reason. There are some opportunities in making money with it, but they may not last long. Gaining 22.6% in value over the past 24 hours is impressive, however. One PICKLE is now worth 76.7% less than the all-time high of $85.24. Overcoming this big gap will prove challenging, but not impossible.
HAKKA (Hakka Finance)
Many of our readers are excited to see HAKKA make the daily DeFi watchlist regularly. Today is another such day, as HAKKA notes a 22.9% price increase. The current value of $0.0763 is still 93.4% lower than the all-time high of $1.14. It is a very competitive DeFi market, and standing out becomes increasingly difficult.
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