The DEFC price is up over 175% in the past 24 hours, currently trading at $0.23 on Bitmart exchange.
From its daily low of $0.08 to its high of $0.25 was an over 300% move for DeFi Coin.
Liquidity is low on Bitmart however the DEFC / USDT pair is currently green again with today’s daily candle holding most of the gains from yesterday, suggesting new buyers have stepped in.
There is likely to be little selling pressure as DEFC already retraced 98% from its all time high of $4 set in mid 2021.
DEFC Price Rise
DeFi Coin has completed part of its roadmap, the version 3 launch of their Defiswap.io DEX and farming pool.
The DEFC project aims to be an alternative to decentralized exchanges such as Pancakeswap, Uniswap and Sushiswap, providing liquidity for crypto swaps with no centralized third party.
DEFC’s market cap and and ranking are not currently tracked on Coinmarketcap, which may be updated soon with the recent price rise and lead to more awareness of this DeFi project.
Today’s price action suggests DEFC may have bottomed out (putting in a 2022 low of $0.05) and be ready to start a bull cycle. It’s now back above its presale price of approximately $0.10 and initial trading price of $0.20 from June 2021.
Ethereum also pumped around 6% on Wednesday following the conclusion of the FOMC meeting and no negative news being announced by the Federal Reserve. That is a positive sign for decentralized finance protocols that largely run on ETH.
Your capital is at risk.
