Altcoins explode: Compound (COMP), Helium (HNT) rally over 35% Crypto Bitcoin BTC $BTC $HNT $COMP
, otherwise known as"altcoins," exploded in price action as Bitcoin touched the $21,000 mark in a weekend run. This follows after sentiment improved due to encouraging macroeconomic data.
The DeFi token Compound remains a top gainer in the DeFi sector as its price shot up more than 35%. While the reason for the massive spike remains unknown, a scroll through the official Twitter page of Compound Labs indicates an ongoing vote process to implement Proposal 143, which seeks to upgrade the price feed implementation of Compound v2 to use Uniswap v3 data for the UAV, replacing Uniswap v2 data.Helium's HNT token was 27% higher at $2.87 at press time.
On Saturday, the digital asset markets had a significant and widespread recovery driven by the leading cryptocurrencies Bitcoin and Ethereum, which are currently up 8% as of this writing.
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