Conservatives

Top DeFi Coins Drop Despite Ethereum Rally: Here’s Why

Ethereum pressed higher on Thursday after Uniswap released the UNI token to the world. ETH surged around 10% from the time of Uniswap’s announcement to the daily highs. This rally came in spite of Bitcoin topping just over $11,000, responding to weakness in legacy markets like the S&P 500. Despite the rally in the price of Ethereum, altcoins in the industry are dropping. DeFi coins, especially, have suffered, posting losses of 5-15% across the board. Analysts think that this weakness in the altcoin market may pertain to Why Ethereum DeFi