Ethereum is the primary cryptocurrency benefiting from the DeFi trend. And while a rising tide lifts all boats, the demand for the top-ranked altcoin is second-to-none.
And while Ethereum is dominating the crypto market right now, its DeFi that is dominating the headlines in the media, not the altcoin that makes it all possible.
DeFi Dominates Ethereum Mentions In The Media
Decentralized finance is on the tips of everyone’s tounges these days. It is hard not to notice even for passerby the enormous profits being generated out of what seems like thin air thanks to a variety of DeFi tokens.
The DeFi trend has helped bring the crypto market out of the troughs of the bear market and breaking 2020 highs. And while bitcoin has failed to set a higher high on high timeframe price charts, Ethereum, the altcoin central to the DeFi world, has achieved the important feat.
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A higher-high is a sign an uptrend is forming, and throughout 2020, Ethereum has exploded in price. It has been one of the best performing altcoins and beat out nearly every other asset as the best investment to make with a stimulus check after Black Thursday.
Even now, despite a deep correction, anyone who did just that is still deep in profit thanks to DeFi buzz and demand driving up
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