Decentralized finance related tokens are the biggest gainers in crypto today, including Avalanche, Curve, Kyber Network, FET and Maker.
Those are up 4-8% on the day, topping the daily movers feed on eToro, alongside Bitcoin and Ethereum both being up over 1% in the past day.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
As well as the eToro daily movers list other ways to find the top crypto gainers today include:
The total crypto market cap is also up 1.44% according to Coinbase.
Their biggest gainers and losers in crypto list is updated daily.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
The Coinmarketcap top gainers list is one of the most popular sources to find the biggest cryptocurrency gainers each day.
Another DeFi token green on the day is DeFi Coin (DEFC), the native token of decentralized exchange DeFi Swap with a similar utility to Uniswap which is also +5% today.
The Coingecko top gainers list is another resource.
Although bear in mind Coinmarketcap and Coingecko display tokens only listed on one exchange that might be scams and rug pulls – for example the Bitsubishi crypto token displayed an over 500% percentage gain in a day, several days in a row, then dumped.
A risk warning message was displayed on CMC that buyers couldn’t sell – but some may not have seen that. It’s best to stick with verified listings on at least two major crypto exchanges, with high liquidity.
Big percentage gains might just mean thin order books or derivatives volume – unless something is listed on Coinbase, Bitstamp or eToro (major exchanges that don’t have futures trading and leverage).
Bitstamp has a feed of the best performing assets on their markets page, showing the top crypto gainers that day which are listed on their exchange.
Like eToro, Bitstamp has also listed Curve (CRV), Avalanche (AVAX), Kyber Network (KNC), Maker (MKR) and others. In total it has listed 22 DeFi coins.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Yesterday was a red day leading Bitmex CEO Arthur Hayes to note that many DeFi coins and DeFi projects had seen a loss in valuation in recent days and weeks.
Ouchie, looks like some #Defi funds are getting carried out, probably got the tap on the shoulder due to heavy $LUNA bags. I say that bc $BTC is holding up well vs. the rest of the field. Thanks for playing đŸ™‚ pic.twitter.com/nGafiK5fQ1
— Arthur Hayes (@CryptoHayes) May 27, 2022
Today however DeFi tokens are among the biggest gainers in crypto today.
The total DeFi market cap is still holding above $50 billion after bouncing from a low of $43.5 billion hit on May 12th, the day of the Terra (LUNA) crash.
DeFi marketcap – via Tradingview
The all time high market capitalization of DeFi coins was about $200 billion hit in November 2021. Since ‘DeFi summer’ we’ve seen a 75% retrace overall, and a higher percentage loss for some individual DeFi tokens.
The current correction and low prices as of mid 2022 could present a good investment opportunity as the DeFi ecosystem is likely not going away anytime soon, with the Ethereum merge in August, and next Bitcoin halving in 2024.
See our DeFi marketcap prediction post and our coverage of Goldman Sachs DeFi reports.
DeFi Coin (DEFC) – Undervalued Project
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This article was written for Business 2 Community by Michael Abetz.
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Michael has been investing in cryptocurrency since the 2017 bull run, and is a freelance writer producing educational material on decentralized finance topics online.… View full profile ›
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