Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival

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Bitcoin’s uptrend (BTC) appears to be increasing in strength as the high-ranking digital asset rose above $ 40,000 earlier today. It’s safe to say that many investors are completely amazed that BTC doubled its value just a month after breaking the $ 20,000 mark.

This suggests that buying has continued unabated, which signals strong demand at each higher level. This bullish sentiment has pulled several altcoins up, with the total capitalization of the crypto market over $ 1 trillion.

Day view of crypto market data. Source: Coin360

Since most altcoins have only recently entered the rally, they can rise vertically in the short term. The melt phase is one of the best ways to get quick returns, but it’s also risky as a vertical rally tends to wear off quickly.

The tokens selected today are in the early stages of their rally and may have room to run to the top. Let’s look at their basic evolutions and chart structure to determine the trend and possible target forward goals.