MANA, FTM, OP Led Bullish Charge Yesterday; Hopes To Repeat Gains

  • All three of the DeFi tokens have outperformed BTC and ETH over the last 24 hours.
  • OP’s price printed gains Sunday and yesterday, and is looking to do the same today.

Three cryptos led the bullish charge yesterday according to CoinMarketCap. While the market anticipates negative U.S. data releases this week, traders trading Decentraland (MANA), Fantom (FTM) and Optimism (OP) gave the three cryptos price boosts.

Daily chart for MANA/USDT (Source: TradingView)

Looking at the daily chart for MANA/USDT, the price of MANA rose 5.93% yesterday – taking it from a daily low of $0.5632 to a high of $0.6240 before closing the daily trading session at $0.6109.

At press time, CoinMarketCap shows that MANA’s price has risen 5.51% over the last 24 hours. The metaverse token has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 5.33% and 4.93% respectively. As a result, the price of MANA currently stands at $0.607.

Daily chart for FTM/USDT (Source: TradingView)

The daily chart for FTM/USDT shows that FTM’s price increased 4.28% yesterday and it seems that the altcoin’s price is continuing its upward move today.

CoinMarketCap shows that the price of FTM stands at $0.4207 at press time after it rose 3.60% in the last 24 hours. Similar to MANA, the altcoin was also able to strengthen against both crypto market leaders. Currently, FTM’s price is up 3.53% against BTC and 3.13% against ETH.

Daily chart for OP/USDT (Source: TradingView)

OP’s price has been on the rise since this past Sunday. The daily chart for the altcoin shows that its price rose 2.66% on Sunday and 3.54% yesterday.

The bullish trend for OP seems to be continuing as CoinMarketCap shows that its price rose 3.63% over the last 24 hours. This has boosted OP’s price to $2.54 at press time.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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