1inchCelsiusCointelegraph.comMarketspancakeswapPrice analysis

1inch, Celsius (CEL) and PancakeSwap (CAKE) rally as traders return to DeFi

Lucrative staking pools and reduced transaction fees are luring DeFi investors to 1inch, Celsius and PancakeSwap.
Bitcoin’s (BTC) range-bound action since its breakdown at the $61,000 level has confused analysts. Some are projecting that a sharper correction could be in development while others remain steadfast in their belief that the uptrend will resume shortly. According to data from Ecoinometrics, history suggests that Bitcoin price breaks out between 300 and 350 days following a supply halving. Currently, 329 days have passed since the latest halving, and if history repeats itself Bitcoin could soon witness a breakout.Crypto market data daily view. Source: Coin360An encouraging sign from this most recent market-wide sell-off is traders are viewing this as an opportunity to buy rather than panicking. This suggests that the sentiment remains bullish. Data from Glassnode shows that $476 million worth of stablecoins were deposited to exchanges, possibly with the intent to buy the dip.While Bitcoin’s next move hangs in flux, several altcoins have been trending upward. Let’s have a look at three tokens that could outperform the markets in the short term.1INCH/USDTThe decentralized finance boom has produced a nearly uncountable number of projects and for investors, it can be difficult to check each one before jumping in. This is where a DEX aggregator like 1inch (1INCH) comes in handy because the platform sources the lowest available swap (transaction costs) for investors. The team claims that the third iteration of its Aggregation Protocol has made it cheaper to use 1inch when …
Story continues on Cointelegraph

Related posts
1inchBinance Smart ChainCointelegraph.comDAOEthereumGrants

1inch announces rebrand to ‘1inch Network’, laying groundwork for expansion

Multiple teams, protocols, and chains means 1inch is growing fast Decentralized finance platform 1inch announced today a rebrand to “1inch Network” — a facelift designed to better reflect the current and future state of the multi-chain, multi-protocol platform as it…

Coinbase Earnings: Some Less Obvious Takeaways

Besides significant growth, what does all this mean? What are the unanswered questions?This content was originally published on Ellie Frost’s Substack.In case you missed them, below are the main results from yesterday’s earnings.$1.8 billion revenue$1.1 billion adjusted EBITDA$730–800 million net…

DeFi’s money markets are finally luring in institutional investors

The explosive growth of DeFi’s money markets over the last few years has finally gotten the attention of institutional investors. Bitcoin’s bull run from last year has caused even some of its biggest skeptics to soften their stance. From economists…