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Is it DeFi Season?

Posted by Thomas DeMichele on July 25, 2020 in News

ETH is breaking out after decentralized finance (DeFi) coins, almost all of which are Ethereum-based have run hard.

Will DeFi season spur on a proper alt season and maybe even crypto bull run (where MKR, ETH, BTC and other large cap main stays of crypto and DeFi potentially even reach new highs)? Let’s hope so.

For now though, let me just call attention to two charts that show what I mean. Just open the links below and hit play to get a sense of how DeFi alts and Ethereum have been moving.

https://www.tradingview.com/chart/ETHUSDT/281WK9AY-ETHEREUM-TETHER-Where-ETH-is-Heading-in-The-Next-Week/

https://www.tradingview.com/chart/LENDUSDT/eKhNaamG-AAVE-LENDUSDT-Huge-Uptrend-Looking-at-Horizontal-Levels-MTF/

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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