While the crypto market is experiencing a very rough patch, metaverse platforms have been enjoying substantial growth due to the growing interest from companies and venture capitalists in building the future.
Despite the newfound dominance of metaverse platforms, some defi protocols have emerged as the best-performing projects on Friday, November 25.
One of the top gainers is the Ethereum-based decentralized payment system, Request Network (REQ), gaining 190% in 24 hours. In the last five days, the price of REQ has risen by more than 310%.
At its highest point, REQ set a 90 day high of $1.02. At the time of this writing, REQ has settled at $0.82378.
The five days price chart of Request Network (REQ). Source: Tradingview
Copy of , which allows BTC to be used on the network pTokens (PBTC), doubled its price in hours. Gaining 100%, the price of PBTC went from $28,045.34 to $58,075. At the time of this writing, PBTC now trades at $52,394.91.
The seven days price chart of pTokens (REQ). Source: Coinmarketcap
The third top-performing DeFi protocol for November 25 is Compound Basic Attention Token (CBAT) – an autonomous interest rate protocol.
In 24 hours, CBAT raked in gains of more than 65%, pushing its price up from $0.02311 to its new all-time high of $0.03819. CBAT has corrected sharply, and now trades at $0.02777
The seven days price chart of Compound Basic Attention Token (CBAT). Source: Coinmarketcap
On The Flipside
- Despite rallying by more than 60%, the price of CBAT is down by 26.5% from its just recorded ATH
Why You Should Care?
Individual crypto sectors are rallying now, showing a decline in the dominance of Bitcoin over the trend of the crypto market
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
This news is republished from another source. You can check the original article here
Be the first to comment