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WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs

Published 03/27/2021, 01:12 PM
Updated 03/27/2021, 03:00 PM
WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs
BTC/USD
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ETH/USD
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Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 'summer of DeFi' as the primary catalyst for the rallies seen in Ether (ETH) and Bitcoin (BTC).

In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to unsustainable spikes in gas fees and serious network congestion.

Average Ethereum gas price. Source: Etherscan
WIN/USDT daily chart. Source: TradingView
VORTECS™ Score (green) vs. WIN price. Source: Cointelegraph Markets Pro

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