Bitcoin Consolidates Around $15k And 4 DeFi Cryptos Are Surging

The crypto market looks great today, with most of the digital assets trading in the green.

At the moment of writing this article, BTC is trading in the green as well, and the king coin is priced at $15,413.98.

The online publication the Daily Hodl notes that following a drop in price and trading volume of DeFi assets in recent weeks, there are reportedly signs of new surges in the market.

4 DeFi assets are surging

It seems that 4 DeFi assets are surging as Bitcoin is consolidating around $15k taking a break from the bullish moves from the past days.

The online publication mentioned the lending platform Aave which, after it bottomed out on November 5th at $26.02, then rallied as high as $58.52 on November 9th, according to CoinGecko, for an increase of over 123%.

“Following the DeFi surge is derivatives liquidity protocol Synthetix as its native asset SNX is up over 81% after rallying to $4.52 on November 9th from a low of $2.49 on November 5th,” the Daily Hodl notes.

The online magazine online mentions the cross-chain digital asset exchange Thorchain.

The native token RUNE surged as high as $0.63 on November 9th from a local low of $0.35 on November 4th – these are gains of 80%.

Also, another coin mentioned is Uniswap which was able to see some gains of over 64% from the monthly low of $1.79 on November 5th.

The coin was able to reach a seven-day high of $2.94 on November 7th.

Check out more details in the original article of Daily Hodl. 

Bitcoin to reach $100k next year

There have been all kinds of optimistic predictions about the price of Bitcoin these days.

For instance, just the other day, Dan Held, who is the growth lead at crypto exchange Kraken, said that the king coin is in a much stronger position at the moment and it has the possibility to reach $100k the next year.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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