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Can DeFi Tokens Flow, Waves, HOT, and NEAR Continue Their Bullish Momentum This Week?

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VOC, Voice of Crypto, DeFi

From the terrifying Nomad heist to thousands of Solana-based wallets being drained, the last seven days failed to bring positive developments in terms of pricing, as the total crypto market cap dropped by around $35 billion. This comes from BTC and ETH failing to overcome critical resistance levels and circulating below them.

Last week, BTC was set at around $24,000, and the cryptocurrency attempted to surge towards $25,000 on Saturday. Unfortunately, the sellers stepped up and sent the market into a correction, resulting in BTC losing nearly 2% of its value in the last seven days. Many other coins followed suit; however, there are apparent exceptions for DeFi Tokens. 

Flow Soars by 47%

Amid the mixed market moves, the FLOW token charted a massive gain of over 46% in the last 24 hours. FLOW is currently worth about $2.70 per token and has a 24-hour trading volume of about $1316 million.

This massive price gain comes as Meta (formerly known as Facebook) announced that the company would integrate the Flow blockchain to further expand the NFT universe for its users.

WAVES Jumps by 10%

WAVES, the native token of the Waves, a multi-purpose blockchain platform, has also increased by 9.52%. WAVES enjoyed positive price action, soaring to $6.17 before backtracking to $5.63. WAVES currently has a market cap of $678M with a 24-hour trading volume of about $741 million.

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Recently, the community behind Waves protocol has voted in favor of a proposal that aims to address the liquidity crisis of non-custodial lending protocol Vires.Finance.

HOT Continues to Shine

HOT, the native token of the peer-to-peer distributed platform HOLO, has also tapped a hefty price gain of over 8.73% in the last 24 hours.

VOC, Voice of Crypto, DeFi Tokens

 

It is presently hovering at $0.002582 with a market cap of $460B. Following this massive price spike, the trading volumes have also increased by 12.09%. 

Near Protocol Rides the Bullish Wave

Near Protocol has also soared in value by 15.68%. It currently trades at $5.09 with a 24-hour trading volume of $567M, up by nearly 24.60% 

Recently, Near Protocol announced its flagship web3 event — Nearcon. The event is expected to occur in Lisbon and will receive 2000+ attendees.

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Other Defi Tokens, Bitcoin, and Ethereum 

AVAX is also up by 4.64%, priced at around $24.30 with a 24-hour trading volume of $511M, up by 2%

UNI, the native utility token of the Uniswap, has also increased in value by 1.43%, to an intraday high of $9.24

Meanwhile, Bitcoin is up by 0.16%, hovering around the $22,969 level.

Ethereum rose by 4.11% in the last 24 hours and is now changing hands at $1,681.

Disclaimer: The author’s comments and recommendations are solely for educational and informative purposes. They do not represent any financial or investment advice. Always DYOR (do your own research)

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Krutika is an experienced Crypto News writer and Technical analyst. With over 3 years of extensive crypto knowledge, she has written on various subjects, including Price analysis, Whitepapers, Metaverse, and other crypto-related topics.

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