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Defi Tokens Are Soaring, Leaving Behind OG Coins Like LTC, BCH and XMR

2025-07-11 15:22:05

Defi Tokens Are Soaring, Leaving Behind OG Coins Like LTC, BCH and XMR

Main Idea

DeFi and layer-2 tokens are experiencing significant gains, outperforming older cryptocurrencies like LTC, BCH, and XMR, as the crypto market shifts focus towards altcoins during Bitcoin's rally.

Key Points

1. Bitcoin's surge to an all-time high has led to mixed reactions, with DeFi and layer-2 tokens outperforming older cryptocurrencies.

2. Altcoins are leading the current rally, with some tokens like SEI gaining as much as 28%, while Bitcoin's market dominance slightly decreased.

3. Layer-2 networks like Arbitrum are seeing increased activity, with ARB token up 15% in the past 24 hours due to their efficiency in liquidity flow.

4. Ethereum's price spike past $3,000 reinforces the 'orange pill' narrative, attracting institutional interest despite some skepticism from figures like Arthur Hayes.

5. Market analysts predict a potential 'monster alt season,' with predictions of Ethereum reaching $10,000, indicating a shift in focus from Bitcoin to altcoins.

Description

Bitcoin's surge to an all time high on Thursday evoked mixed reactions from altcoins, with some outperforming the largest cryptocurrency by market cap and others lagging behind. And that's split along industry lines. Tokens associated with decentralized finance (DeFi) and those from layer-2 blockchains are outperforming as investors transition to a risk-on approach. Others, such as tron (TRX), bitcoin cash (BCH), litecoin (LTC) and monero (XMR) are, in comparison, barely moving. Even solana (SOL...

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Tags:
Markets DeFi Bitcoin ETH Markets Altcoins News
$BTC
$117942.3
+4.15%
$BCH
$537.06
+4.97%
$SEI
$0.3400
+19.54%
$ETH
$3004.89
+6.70%
$SOL
$164.27
+3.13%
$TRX
$0.30275
+4.04%
$OP
$0.6941
+12.97%
$LTC
$97.35
+5.21%
$ARB
$0.4196
+12.46%
$ENA
$0.3488
+15.79%

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