Celer (CELR), Cartesi (CTSI) and Compound (COMP) collect as DeFi warms up

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Bitcoin bulls are still struggling to get the price to a new high, but the positive sign is that BTC has not corrected much in the past few days and the highest ranked cryptocurrency since March 26th had a market cap of over 1 Trillion US dollars.

While many are wondering what Bitcoin’s next step will be, a Bloomberg Intelligence report by senior commodity strategist Mike McGlone predicts BTC will rise to $ 80,000 in the second quarter instead of falling to the $ 40,000 level.

Day view of crypto market data. Source: Coin360

Bitcoin’s consolidation has not held back altcoins, which have continued their upward trend over the past few weeks. Cointelegraph recently reported that the number of cryptocurrencies with a market cap of $ 1 billion has doubled in the past two months to hit the 100 mark.

Decentralized financial assets have also rallied significantly as the total value locked in DeFi hit $ 100 billion on April 6, according to DeFi Llama. At the beginning of the year, the TVL metric was only $ 20.74 billion, which shows that the space has grown massively.

Let’s put the focus on altcoins and analyze the basics of three tokens that have performed well over the past few days.