Time to rotate! Data suggests traders are shifting from NFTs to DeFi By Cointelegraph

0
23
Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi

An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway.

This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders.

DEFIPERP 1-day chart. Source: TradingView
NFT price floor tracker. Source: Dune Analytics
Total DeFi users over time. Source: Dune Analytics
ETH/USDT 4-hour chart. Source: TradingView
Total value locked in DeFi. Source: Defi Llama