DeFi Altcoin 2x in 3 Days: What Causes the Rise in Price?

The native token of decentralized finance (DeFi) protocol Hifi Finance showed a 2x increase in 3 days.

On-chain analysis account Lookonchain shared on Twitter in postin the last 3 days 100% price He touched upon why Hifi Finance (HIFI), which is experiencing an increase, is on the rise.

Crypto on Ethereum decentralized lending having a platform Hifi Finance native token HIFI, It gives governance authority to its investors. Total supply of altcoin 126.25 million, The circulating supply is It is 95 million.

Lookonchain, HIFI transaction volume 70.3% South Korea’s largest cryptocurrency exchange upbitWhen stating that it comes from, the price is there Binance‘skin 1.2% He emphasized that it was traded at a high level.

HIFI also 95% of total supply in the first 20 owners It was recorded that.

According to on-chain data platform Nansen 85% of HIFI supply is available on stock exchanges and 65.2 million An important part like on Upbit It is located.

The big rise in question comes from Upbit. high volume And of interest results It is thought to be.

According to CoinGecko data, HIFI in the last 3-day period from $0.608 almost %one hundred with rise for $1.23 reached. HIFI, at the time of writing from $1.21 is being traded.


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