{"id":327306,"date":"2022-05-05T03:50:24","date_gmt":"2022-05-05T07:50:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=327306"},"modified":"2022-05-10T05:03:38","modified_gmt":"2022-05-10T09:03:38","slug":"defi-coin-defc-price-rises-175-percent","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/defi-coin-defc-price-rises-175-percent","title":{"rendered":"DeFi Coin (DEFC) Price Rises 175% in a Day"},"content":{"rendered":"

The DEFC price is up over 175% in the past 24 hours, currently trading at $0.23 on Bitmart exchange.<\/p>\n

From its daily low of $0.08 to its high of $0.25 was an over 300% move for DeFi Coin.<\/p>\n

Liquidity is low on Bitmart however the DEFC \/ USDT pair is currently green again with today’s daily candle holding most of the gains from yesterday, suggesting new buyers have stepped in.<\/p>\n

There is likely to be little selling pressure as DEFC already retraced 98% from its all time high of $4 set in July 2021.<\/p>\n

DEFC Price Rise<\/h2>\n

\"DeFi<\/p>\n

DeFi Coin has completed another phase of its roadmap, the version 3 launch of their Defiswap.io<\/a> DEX, app and farming pool.<\/p>\n

The DEFC project aims to be an alternative to decentralized exchanges such as Pancakeswap, Uniswap and Sushiswap, providing liquidity for crypto swaps with no centralized third party required.<\/p>\n

DEFC’s market cap and and ranking are not currently tracked on Coinmarketcap.com<\/em>, which may be updated soon with the recent price rise and lead to more awareness of this DeFi project.<\/p>\n

Today’s price action suggests DeFi Coin could have bottomed out and potentially be about to start another bull cycle.<\/p>\n

DEFC is now back above its presale price of approximately $0.10 and initial trading price of $0.20 from June 2021. The 2022 low for the DEFC price was $0.05 on Bitmart<\/a>.<\/p>\n

Ethereum also pumped around 6% on Wednesday following the conclusion of this month’s FOMC meeting and no negative news being announced by the Federal Reserve.<\/p>\n

That is a positive sign for decentralized finance protocols that largely run on ETH, and crypto in general which has been increasingly correlated to the SPX.<\/p>\n

\n \n<\/p>","protected":false},"excerpt":{"rendered":"

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