(GBTC) – Pause Bitcoin Rally Gives DeFi, Smart Contract Cryptos The Time to Shine

Bitcoin (BTC) rally may have taken a break over the past week, but that’s not a hint for other cryptocurrencies, often referred to as “altcoins.”

While the world’s apex cryptocurrency is up 6% over a seven-day period at $ 36,926.71 at press time, several altcoins have nearly doubled their market valuations over the same period.

DeFi: The protocol-based decentralized finance cryptocurrencies have added tremendous returns especially over the past week, with SushiSwap (SUSHI) up 103.28% at $ 7.62 at press time.

DeFi Uniswap cryptocurrency (UNI) Fellow is up 83.3% at $ 9.29. Aave (AAVE) has risen 79.47% to $ 201.06. Yearn.finance (YFI) is up 28.16% at $ 37,566.14.

See also: What’s in store for DeFi in 2021? – The Analysis and Predictions

Smart Contract: Among smart contract platforms that support cryptocurrency, the Ethereum (ETH) at the top of the chart has added 24.6% at $ 1,321.01 in the 7-day period to press time.

Polkadot (DOT) has increased 98.24% to $ 16.34 in the same period. Cardano (ADA) is up 37.01% at $ 0.37 at press time.

Tezos (XTX), Cosmos (ATOM), and NEO (NEO) are also cryptocurrencies that support smart contract platforms that have outperformed Bitcoin in the week.

Read Next: Polkadot Performs Better Than Bitcoin, Rival Ethereum To Join The 5 Best Cryptos: What You Need to Know

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