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After a strong pullback on Wednesday morning, decentralized finance (DeFi) coins are once again rocketing higher. Top coins pertaining to the space have gained dozens of percent in the past day, becoming the top-performing crypto assets in the top 100 by market capitalization.

Bitcoin is basically flat over the past day as it attempts to consolidate between $17,000 and $18,500. BTC continuing to consolidate may allow altcoins to rally further as attention naturally shifts to coins that can make investors more money in the interim, altcoins.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Top DeFi Coins Gain Dozens of Percent

Top DeFi coins are surging dozens of percent amid a shift from Ethereum to altcoins further down the risk curve.

SushiSwap’s SUSHI is up 40% in the past 24 hours, pushing to multi-week highs. The Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Ethereum Not Budging

Despite the strong rally in DeFi coins, Ethereum isn’t really budging. The

“Has not even started its parabolic run like BTC yet, still huge room for upside over the coming few weeks, also major macro support is just below just limits downside risk. Still incredibly bullish across all timeframes.”

ETH is also likely to benefit from the launch of Ethereum 2.0 in December or January.

Chart of ETH's price action over the past few years with analysis by crypto trader Cactus (THeCryptoCactus on Twitter).
Source: ETHUSD from TradingView.com
Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: defi 
Charts from TradingView.com
DeFi Bull Run Continues as Top Coins Gain 10-30% Across the Board

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