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DeFi Altcoin Surges 78% in Just One Week As Bitcoin (BTC) and Crypto Markets Rebound

by Caio Rodrigues
March 18, 2023
in DeFi
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DeFi Altcoin Surges 78% in Just One Week As Bitcoin (BTC) and Crypto Markets Rebound
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An altcoin venture that goals to push Bitcoin (BTC) additional into the world of decentralized finance (DeFi) ripped by almost 80% this week as crypto markets recovered.

RSK Infrastructure Framework (RIF) is buying and selling round $0.189 at time of writing, up from almost $0.106 per week in the past, representing a 78% worth surge.

The 204th-ranked crypto asset by market cap can be up 25% prior to now 24 hours alone.

The venture, which was launched by Gibraltar-based IOVlabs in 2019, has constructed a layer-3 protocol on prime of BTC.

RSK Infrastructure Framework is designed to broaden Bitcoin’s utility and provide a gateway that makes it simpler for builders and other people to make use of BTC in DeFi functions.

The platform is constructed on Rootstock, which is a blockchain that goals to mesh the safety of Bitcoin with the sensible contract capabilities of Ethereum (ETH).

RIF’s worth pump occurred alongside a powerful week for Bitcoin.

BTC broke $27,000 on Friday amid swirling macroeconomic issues concerning the soundness of the US banking sector. The highest-ranked crypto asset by market cap is up greater than 36% prior to now week.

RIF additionally launched a cross-chain bridge, the RIF Flyover protocol, in late February. The protocol offers a decentralized pathway for Bitcoin customers to enter the Rootstock ecosystem and vice versa.

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Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in online marketing.

Generated Picture: Midjourney
Featured Picture: Shutterstock/Nikelser Kate





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Tags: AltcoinBitcoinBTCCryptoDeFiMarketsReboundSurgesweek
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