DeFI News by Thebittimes.Com

Binance coin rose to a five-month high on Monday, as cryptocurrency prices continued to trade higher. The token rose to its highest point since mid-May, extending recent gains in the process. Avalanche was also in the green, climbing to a six-week high during today’s session. Binance Coin (BNB) Binance coin (BNB) rose to a five-month high to start the week, as cryptocurrency markets surged on Monday. BNB/USD moved to a peak of $336.52 earlier today, which comes less than a day after trading at a low of $307.37. Monday’s rise in price sees the token hit its highest point since May 9, when the coin was trading at $359. BNB/USD – Daily Chart Overall, BNB has now extended its recent bull run, with prices moving higher for a fourth consecutive day. Despite recent hacks on a blockchain linked to Binance, its native token remains unscathed, and has now risen by as much as $100 in the last ten days. As a result of this, the 14-day relative strength index (RSI) has...

Polygon was one of Tuesday’s notable gainers, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third straight session. Cosmos also extended recent gains, climbing to its strongest point in recent days . Polygon (MATIC) Polygon (MATIC) was a notable gainer on Tuesday, as the token rallied for a third consecutive day. MATIC/USD surged to an intraday peak of $0.876 earlier in today’s session, less than a day after trading at a low of $0.8293. This move saw the token climb to its highest point since September 13, marginally rising above a ceiling of $0.8775 in the process. MATIC/USD – Daily Chart Looking at the chart, today’s move comes following a breakout of the relative strength index (RSI) of 14v days, which rose past a key ceiling. This ceiling at 59.50 was broken earlier in the day, and as of writing, the index is tracking at 61.46. Despite prices moving below previous hi...

Xrp rebounded from recent drops in price on Friday, as the token surged by nearly 10% in today’s session. Cosmos was another notable gainer, as it snapped a four-day losing streak. Overall, cryptocurrency markets were mostly higher, with the global market cap up nearly 5% as of writing. XRP XRP was one of today’s big gainers, as prices of the token rose by nearly 10% earlier in today’s session. Following a low of $0.4380 on Thursday, XRP/USD raced to an intraday peak of $0.5117 during the day. Yesterday’s drop saw the token slip to a ten-day low, which was marginally below a floor of $0.4460. XRP/USD – Daily Chart As of writing, XRP is now trading at its highest point since Monday, when prices were above a key resistance point of $0.5280. Looking at the chart, today’s surge comes as the 14-day relative strength index (RSI) rose beyond its own ceiling at 57.00. Currently, the index is tracking at 58.07, with bulls seemingly targeting a...