DeFi Technologies is up ANOTHER 11% today after an insane close the day before. Called it yesterday when I saw the breakout to the $2.20+ levels. Now, we're already up in the $2.40s. IMO, there's still more to run here, volume increases, rising DeFi interest, and the governance update further proves that $DEFI is a leader in the space.
The big 3 of $DEFI are venture, governance, and asset management. Each of these works to ensure that $DEFI isn't overexposed to a single price change in the blockchain market from things such as cryptos or NFTs. Even the news flow from August alone was enough to impress me.
- August 31: Governance update: 300,000 Shyft tokens generated in just 2 months
- August 24: Joined the DeFi Alliance (Coinbase, Jump Capital, CMT Digital are all members)
- August 19: Valour reaches $140M in AUM
- August 12/9: LOI to acquire Protos Asset Management and DeFi Yield Technologies
After a slow summer, $DEFI is back and hungry for growth! I'm really looking forward to what they have to bring us in the future. The current market cap of $512M actually looks pretty cheap considering what they've been able to achieve in the past month (plus a bullish crypto market). Will be holding long and strong!