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

Cointelegraph

Published Sep 03, 2021 06:00PM ET

Updated Sep 03, 2021 07:40PM ET

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

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