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    Marketcap : $9,672,633,618.00
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    Marketcap : $8,587,478,700.00
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    Volume : $6,283,065,510.00
    Marketcap : $7,113,527,735.00
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    Volume : $2,213,031,691.00
    Marketcap : $6,542,596,634.00
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    Volume : $2,256,941,017.00
    Marketcap : $4,500,478,251.00
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    Volume : $4,970,373,309.00
    Marketcap : $3,131,462,763.00
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    24H : 5.94%
    Volume : $722,046,231.00
    Marketcap : $2,629,764,254.00
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    Volume : $2,068,128,306.00
    Marketcap : $2,276,711,151.00
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    Volume : $274,371,354.00
    Marketcap : $2,272,129,707.00
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    24H : 5.75%
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    DECRED
    24H : 9.28%
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    24H : 3.30%
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    Marketcap : $476,823,396.00
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    24H : 5.02%
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    Marketcap : $387,766,007.00
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    24H : 3.70%
    Volume : $12,958,092.00
    Marketcap : $113,119,380.00
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    BYTOM
    24H : 2.07%
    Volume : $32,261,472.00
    Marketcap : $112,741,207.00
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    AUGUR
    24H : 5.66%
    Volume : $39,338,680.00
    Marketcap : $112,597,718.00
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    Volume : $2,798,013.00
    Marketcap : $99,222,936.00
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    Home News Bitcoin News

    DeFi “Blue Chips” Aave and Synthetix Surge 15% as Buying Floods In

    Andy K by Andy K
    November 9, 2020
    in Bitcoin News
    Reading Time: 2min read
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    DeFi “Blue Chips” Aave and Synthetix Surge 15% as Buying Floods In
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    Earlier this week, the decentralized finance (DeFi) market was in a state of capitulation. Top coins pertaining to this space were plunging by dozens of percent over the span of a day or two, including “blue chip” names like Yearn.finance’s YFI, Synthetix Network Token (SNX), and many others.

    From their highs set in the summer to these lows, the average DeFi <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin had dropped by approximately 75%. This drop came after an exponential rally that netted many early DeFi adopters millions, especially those that bought early in coins like SNX and YFI.

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    In the past 24 hours alone, Aave (AAVE), Synthetix Network Token, Uniswap (UNI), and other names have gained around 15% against the U.S. dollar. This makes them some of the best-performing crypto-assets in the top 100 by market capitalization.

    The rally in these coins comes in the face of a strong drop in the price of

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    Tags: AAVEUSDSNXETHSNXUSD
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    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Andy's nickname in the office is 'Crypto Head' due to a small 'bitcoin' tattoo behind his left ear (now that's dedication to the industry)

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