Be Wary of the Risks of Defi Concept Hype and Pay Attention to BTC

 2021-02-04 08:11:56

Analysts at Bexplus believe that under the background that the price of BTC has not hit a new high recently, the increase in the space for supplementary gains in popular cryptocurrencies will undoubtedly intensify the accumulation of risks. In the short-term, as the hype continues, the risks of Defi concept currency transactions are also increasing.


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From the perspective of market value in circulation, Defi concept coins LINK, UNI and AAVE are among the top three. UNI, AAVE, and SUSHI, which have higher short-term gains, have not shown typical reversal signals at the daily level. It can be seen that the conceptual hype is already in a significant active stage. If it is not for the accelerated pull of similar cryptocurrencies, the recent profit effect will still see further growth, but short-term trading investors need to look at the big trend to avoid frequent trading losses in small fluctuations.

 

In terms of ETH, its price has obvious characteristics of leading the rise, and it has risen against the background of BTC not setting new highs. Its active performance implies that the short-term heat will not end. There is no sign of a breakthrough in the BTC price. At the transaction level, investors should also pay attention to risk control when they look further at the opportunities of Defi concept hype.

 

The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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