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Bitmart lists DEFi Coin (DEFC), Analysts Predict 300% Price Gain

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DeFi Coin Bitmart Listing Trading Competition
DeFi Coin Bitmart Listing Trading Competition

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DeFi Coin (DEFC) listed on Bitmart yesterday and is currently trading at around 78 cents, which analysts predict could rise almost 3x to $2.20 by the end of July, boosted by a Bitmart trading competition and their DEX exchange DefiCoinSwap being almost ready for Beta testing.

DEFC – The Next 100x Altcoin?

Decentralized Finance (DeFi) projects have seen massive gains in recent months despite the dip in the cryptocurrency markets, and the DEFC protocol’s token is no exception – since listing on Vindax in late June at 25 cents and Pancakeswap in early July at 50 cents, DEFC has now found support around the 60 cents region and bounced, potentially beginning a new bullish trend.

DeFi token Price History Pancakeswap

DeFi Coin Price Chart

Followers of InsideBitcoins will recall we tipped off our cryptocurrency news readers when DEFC tokens were available pre-sale at $0.10, guided you where to buy it over the counter and looked at its applications and whitepaper. Read more on that week’s round-up of the Best Defi Platforms to Invest in.

The DEFC coin price pumped above $1 earlier this month, and a retest of those highs and even a new ATH is expected in the coming weeks based on upcoming news events. On launch their planned decentralized exchange will also offer an option to exchange collectibles on the platform, taking advantage of 2021’s non-fungible token (NFT) craze.

DeFi Coin on Bitmart Exchange

On Bitmart DEFC trades against Tether (USDT) so its price action is decoupled from any further downtrend in the Bitcoin price. Although with Ethereum showing strength today on the BTC pair it’s entirely possibly Bitcoin has found a bottom at $29k and this is a great time to buy cryptocurrency and take advantage of the current DeFi boom.

DeFi platforms are built on ETH which some analysts speculate could overtake Bitcoin’s market cap in a ‘flippening’ event which would turn many DeFi tokens into the next 100x altcoins, especially for early pre-sale investors.

DEFC Bitmart Trading Competition

To celebrate DeFi Coin’s listing on Bitmart the exchange are giving away 40,000 DEFC in a trading competition, running now.

To take part simply trade DEFC/USDT and the top 50 traders will be ranked by trading volume (both buying and selling) and receive a prize depending on their leaderboard position.

  • 1st place – 5600 DEFC
  • 2nd place – 3600 DEFC
  • 3rd place – 2400 DEFC
  • 4th – 10th – 1200 DEFC
  • 11th – 20th – 800 DEFC
  • 21st – 50th – 400 DEFC

The DEFC promotion ends at 8/4/2021 at 08:00 EDT. Prizes will be distributed to winners’ account wallets within 15 days.

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