Last week saw an uptick in investor sentiment across the crypto market, driving multiple assets to record weekly highs.
This positive momentum is reflected in a roughly 6% increase in the global cryptocurrency market capitalization, signaling renewed bullish momentum among traders and investors. Amid this growing optimism, some made-in-USA digital assets have posted significant gains and appear poised for further upside this week.
Hifi Finance (HIFI)
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HIFI, the native token of the decentralized finance (DeFi) protocol Hifi Finance, is one of the made-in-USA coins to watch this week. Following Binance’s announcement to delist it, the token’s value has since skyrocketed.
On September 3, Binance confirmed that it would remove HIFI from its platform on September 17, citing standard delisting protocols.
The announcement was widely expected to trigger a sharp price decline, as investors anticipated reduced liquidity and diminished trading interest. Instead, HIFI has seen a surge, with the token up over 500% in the past week.
The price spike appears to be driven by traders attempting to drive up the token’s value ahead of the delisting, potentially to book last-minute gains.
So, sentiment could shift once HIFI is officially removed from Binance. If profit-taking commences afterward, the token could lose some of its value and fall to $0.2541.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
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Author: Abiodun Oladokun
