Price Movements of These 4 Tokens Align Perfectly with Their Dapp Performance Data

2021-08-24 09:50:00 · 1110 views · 5 min read

We have introduced how you can use Dapp data to capture the bullish and bearish signal of a Dapp token. Today we are looking at 4 dapps. All of them have experienced user/volume data changes that exactly influence their token prices.


 

 

Harvest Finance

 

Harvest Finance is a tool that helps farmers of all shapes and sizes get automatic exposure to the highest yield available across select decentralized finance protocols. Harvest Finance‘s all on-chain data have strongly bounced back in the past 30 days: Users +305.64%, Volume +1073.63%, Transactions +195.09%.

 

And you can see that the $FARM token price curve moves in the same direction as the user and transaction curve. $FARM 30d price has gained 175.47%.

 

 

 

BiFi 

 

BiFi is a multichain DeFi platform that connects not only Ethereum based tokens, but also other tokens from different blockchains such as Bitcoin, BNB, DOT and Klaytn.

 

 

BiFi’s 30d on-chain performance is amazing: Users +261.95%, Volume +972.80%, Transactions +326.60%. $BIFI token price +546.41%.

As the dashboard indicates, the $BIFI token price is highly correlated with the dapp’s data. The users, volume, transactions and token price all rose to a peak on 18th/19th Aug.

 

 

 

BadgerDAO

 

BadgerDAO is a protocol that focuses on bringing Bitcoin to DeFi. The DAO's debut products are Sett, a yield aggregator, and $DIGG, a BTC-pegged elastic supply currency. And $BADGER is the reward token. 

 

 

BadgerDAO’s users, volume and transactions started to grow at the beginning of August: 30d Users +83.75%, Volume +267.49%, Transactions +94.89%.

Along with the great performance, the $BADGER token price also increased, +178.04% in 30d. As shown on the dashboard, the token price has a high correlation with BadgerDAO’s users and transactions

 

 

 

Fleta Connect

 

Fleta Connect is a DeFi service that offers users its own buyback mechanism and aims to give more rewards to users. Its key features are Yield Farming / Delegate Farming, Auto-compounding, Converter between Chains, and Buyback & Burn Mechanism.

 

 

After the ATH at the very start of the protocol’s launch, all its on-chain data has slid down: 30d Users -2.53%, Volume -13.40%, Transactions -56.06%.

If you are trading its $CherryPick token, the data drop could be your bearish signal. As the dashboard shows, the $CherryPick token price follows the downward trend as Fleta Connect’s data.

 

 

 

You may also like: 

 

Make sure you bookmark dapp.com and subscribe to our newsletter below to get updates direct to your inbox.

 

Comments Write Comment
Currently there are no comments for this article. Would you like to be the first to write one?