Unifi (UNIF), StaFi (FIS) and Dego see triple-digit gains afer DeFi listings

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The CBOE has filed an application with the United States Securities and Exchange Commission to list the Bitcoin (BTC) exchange-traded fund proposed by asset manager Van Eck. If the Bitcoin ETF receives a green signal from the regulators, it could boost market sentiment and attract several new investors to the crypto space.

Crypto market data daily view. Source: Coin360

A strong bull run usually results in pockets of excesses. During the 2017 crypto bull run, the initial coin offerings had witnessed a bubble. Litecoin (LTC) creator Charlie Lee believes that the current nonfungible token mania has many similarities with the ICO boom. Lee is not alone, several others in the crypto industry have also warned investors about the NFT mania.

Two tokens chosen today belong to the decentralized finance space and one to NFTs. Let’s look at their fundamentals and the charts to spot the critical levels on the upside and the downside.