Daily Edition: Bitcoin Reaches New ATH of $126k as Altcoins Rise
BTC Dominance drops over the weekend despite its surge in price.
TVL in DeFi protocols hit a new all-time high today.
This is prompting traders to wonder if altcoin season may finally be here.
We dive in 👇
Altcoins have outpaced $BTC growth over the last few days and one of those altcoins has been $PLUME
This chain we’ve discussed quite a bit in previous Beluga Brief editions and a position we added to last week.
After releasing an announcement that they had registered a transfer agent with the SEC, the token’s price jumped from $0.10 to over $0.13 in a matter of minutes.
As a leader in the RWA space @plumenetwork aims to accelerate the tokenization of real world assets, bringing trillion dollar markets onchain, this is a major step in the right direction.
Speaking of bringing markets onchain, data from DeFiLlama shows that the Total Value Locked in DeFi protocols hit a new ATH today, breaking the record previously set at the end of 2021.
The total stablecoin supply also now stands just over 2x its highs in 2021 at over $300B, which has massively contributed to above TVL numbers of course.
Between this onchain liquidity and the ever-growing ETF bid on majors, Q4 is shaping up to be an exciting one.
What tokens are you most excited for in Q4? Let us know in the comments...
Show original
29.05K
181
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.