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MANA, SAND, ENJ, ALICE: Do these gaming tokens still have steam left to rally further
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ambcrypto.comThe last two months of 2020 saw DeFi tokens perform extremely well. AAVE appreciated by over 200%, while tokens like YFI and UNI rose by 140%.
In the same period, the likes of MKR and COMP registered upticks upto 70% each. In effect, the last leg of 2020’s DeFi summer ended on quite a high note.
Well, a year back, DeFi was in the process of gaining traction and becoming mainstream. According to the market sentiment, there was excitement about its underlying technology. And, people showcased their support by jumping onto the DeFi bandwagon.
Fast-forward to 2021, most of the aforementioned tokens have been in a slump. Surprisingly, their trends on the charts have become monotonous. In fact, unlike last year, the limelight is no more on them.
Read more on ambcrypto.comAbout this in other media
Cointelegraph Consulting: Gaming tokens usher in altcoin season cointelegraph.com /2 years ago
Bitcoin correction weakest of 2021 so far, as hopes of Santa Claus rally rise cointelegraph.com /2 years ago
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