Technical analysis

Bitcoin and Ethereum stay flat, is 2020 the year of decentralized finance (DeFi)?

Julien Moretto – 15 Jul 2020

The early summer of 2020 offers no volatility on Bitcoin and Ethereum, down slightly by 1.5% and 1% over one week. Bitcoin is in full consolidation and is trading at €8,100 ($9,200) on July 15. All that remains to be done is to watch for significant price levels, in order to be ready to take action when the strong price movements will resume. On the contrary, tokens linked to decentralized finance (DeFi) are multiplying performances and are emerging as the most promising sector of the market in the first half of 2020. Projects such as Chainlink (LINK) and Aave (LEND) are still taking 40% and 25% respectively this week. The cumulative performance since April is impressive. Our analysis gives you the key levels to watch out for on Bitcoin, Ethereum, and DeFi’s most capitalized projects.

  • According to CoinGecko, market capitalization remains stable at $277 billion.
  • Bitcoin’s dominance continues to decline with 61.2% this week, down from 62% last week.
  • the best performance of the top 50 is signed by Chainlink (LINK) with +39% over the week.

We invite you to discover our full analysis in video (recorded on july 15, in french)

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