DeFi boom and Bitcoin rally position NEXO to close 2020 with a 480% gain

Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster when compared to the 1000% rallies seen from a handful of DeFi tokens.  NEXO/USDT daily chart.…

Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch

Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders, stablecoins provide a safe place to shelter during volatile periods in Bitcoin and altcoins but there are other ways to interact…

Bitcoin Price Tops $24K, Setting New All-Time High

Bitcoin Price cut through $24,000 Saturday afternoon, setting a new record high as the leading cryptocurrency’s ongoing rally continues through the weekend before Christmas. The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $24,122.67 before falling back to $23,978.86, up 5.49% on the day. The record price…