Waves, Celo and INJ (Injective Protocol) break out when DeFi wakes up again


Bitcoin (BTC) extended its relief rally on Tuesday, reclaiming over $ 1 trillion in market cap.

While many traders panicked during Bitcoin’s recent dip below $ 47,000, fund manager Dan Tapiero said he spotted a rare sequential buy signal from TD during the low. The last time this signal was seen was in March 2020 when Bitcoin price was trading near $ 3,600. Tapiero believes Bitcoin continues to aim to hit $ 100,000 this year.

Even after the recent surge above $ 55,000, Bitcoin’s market dominance remains at 49.5%, according to CoinMarketCap data. This shows that crypto investors are focusing on altcoins and making several new all-time highs.

Day view of crypto market data. Source: Coin360

The altcoin season is not exclusively determined by retail investors. A recent report from crypto-investment advisory firm Two Prime Digital Assets highlights that the eighty-fold growth in open options for Ether (ETH) from $ 50 million to $ 4 billion per year is due to institutional money manager protection to protect their “net.” -Long Portfolios “indicates against oversized volatility events. “Even the ether futures market has grown by 20, solidifying institutional investor involvement.

Let’s keep our focus on altcoins and examine the fundamentals and technical details of three tokens that have performed well in the past few days.