It has been an exciting week for the majority of DeFi assets. Several markets note substantial gains, but continuing the trend is the real struggle. Several assets are still moving up today, increasing the room for profit.
Even though many traders appear intent on shorting LRC, this token price is still rising swiftly. There is a 69% price increase in the past 24 hours. As the hourly chart still looks bullish, it remains unclear when a correction will take place. At the current value, this DeFi asset is still 80.8% down from its all-time high of $2.4.
While not many people seem to acknowledge the potential of Serum, it appears to be a thriving ecosystem. Looking at the current SRM price, that becomes more apparent. Following a 30.3% gain in the past day, one SRM now trades at $1.43. That is still 62% below the all-time high recorded four months ago.
Since Numeraire made this DeFi watchlist, it has been a while, but the token is noting substantial gains once again. Thanks to a 28.7% increase in value, the NMR price approaches $30. Surpassing the all-time high of $65.48 will be very difficult, at least until the official altseason kicks off.
Synthetix Network Token (SNX)
There is a lot of positive momentum where Synthetix is concerned. As a crucial pillar of the DeFi ecosystem, this platform continues to attract plenty of attention. For the native SNX token, a 25.6% price increase is more than welcome. Considering how an all-time high was recorded three hours ago, it seems plausible a new ATH will follow in quick succession.
Even though it has been relatively quiet on the Yam Finance front recently, there is a renewed interest in the YAM DeFi asset. As the price surpasses $1.31 – thanks to a 28.2% value increase – YAM seems to be inching away from the recent all-time low. Sustaining this uptrend will prove crucial, though.