@plaster
DeFi token prices are highly correlated with the broader cryptocurrency market trends. When the market is bullish, DeFi tokens often surge due to increased activity in decentralized finance protocols, like yield farming and lending. Conversely, during bearish market conditions, DeFi tokens can experience sharp declines as liquidity dries up and investor risk appetite shrinks. DeFi’s reliance on ETH and other major coins also ties its performance to broader market sentiment. Monitoring both market-wide trends and DeFi-specific metrics can provide insights into potential price movements.
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