ETH’s Impressive Run Sparks DeFi Sector Growth: Which Tokens Should You Be Watching?
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Arthur Hayes Says ‘ETH Szn Is Here’ – Watch These 3 DeFi Tokens Next!
The crypto market has been abuzz with the recent price action of Ethereum (ETH). The asset’s impressive rally has garnered attention from investors and traders alike, including prominent figures in the space. Arthur Hayes, founder of Maelstrom, a fund focused on decentralized tokens, has joined the chorus by expressing his enthusiasm for the ETH-led bull run. In fact, he believes that this development will have a direct impact on the DeFi market.
ETH Szn and Its Impact on DeFi
Hayes is not alone in his optimism. The data suggests a strong correlation between Ethereum’s performance and that of DeFi tokens. Over the past week, ETH has shown remarkable growth, with its market capitalization closing in on the $500 billion mark. As such, it comes as no surprise that DeFi assets are also seeing significant gains.
In fact, the Artemis Sector Performance metric confirms this trend. By examining changes in fully diluted market capitalization within each sector, it becomes clear that Ethereum’s performance is directly influencing the broader DeFi space.
Which DeFi Tokens Should You Keep an Eye On?
As we continue to track the developments in the crypto market, it’s essential to stay ahead of the curve by identifying emerging trends and promising assets. To help with this, AMBCrypto has analyzed top-performing DeFi tokens over a 90-day period. Based on our findings, we recommend keeping the following three tokens under your radar:
1. Hyperliquid [HYPE] – This token has been one of the standout performers in the DeFi space, having increased by an impressive 180% over the last 90 days.
2. DeepBook Protocol [DEEP] – While it’s already shown significant growth (137%), DEEP may be poised for further gains if historical patterns hold true.
3. Aerodrome Finance [AERO] – A long-term bullish outlook remains intact for this token, which has risen by a staggering 132% over the same period.
While no investment advice can ever be guaranteed, these three tokens have demonstrated resilience and potential in their own right. As Ethereum’s price continues to push higher, we should expect DeFi assets to follow suit.
Remember that past performance is not a guarantee of future results. Always do your own research before investing in any asset.
Disclosure: This article is meant to be informational in nature and should not be interpreted as investment advice.
Source: ambcrypto.com
