Bitcoin (BTC) continued to challenge the older market situation as the market value of the digital asset exceeded the total market value of Visa and Mastercard ($ 871 billion dollars). Bitcoin’s market value of $ 1.15 trillion has surpassed the combined value of JPMorgan Chase, Bank of America, and Industrial and Commercial Bank of China, which are the three largest banks in the world.

As Bitcoin grows and remains in size, many new institutional investors are likely to join the cryptocurrency. In addition, traditional companies keep an eye on the decentralized economic space and the growing popularity of non-perishable tokens. British-American auction house Sotheby’s recently announced that it will join the jade icon party, featuring symbolic art from a creator named “Buck”. This feature can increase interest in the NFT room.

Let’s take a look at the basics and technical mix of some of the tokens in the DeFi and NFT Square rooms that have performed well in recent days.

ORBS / US Dollars
The DeFi room has been one of the most important breakthrough areas in blockchain technology, widely accepted by investors. Orb’s co-founder and president of R&D, Tal Kol, recently said in a YouTube video that the project looks at the DeFi space and how it can be used to disrupt the financial industry.

In the video, Cole suggested that hedge funds keep an eye on the DeFi room, but may not go into its current form. Hedge funds can try to make certain changes before landing. Caul did not reveal many details about the upcoming projects, but said that Orbs is keeping an eye on the DeFi room.

This opportunity for the Orbs team, which may be working in the hedge fund industry, may have sparked great interest in their ORBS code.

On the DeFi side, Orbs and Binance launched a new DeFi ecosystem accelerator in January to guide selected projects. In its latest update, Orbs said it has selected the first batch of its projects for the accelerator program.

March 15 announcement of the partnership between Orbs and Moonstake aims to expand the adoption of blockchain technology in the financial industry, and can also be perceived as positive by traders.

ORB rose from a low intraday of $ 0.044 on March 13 to an intraday of $ 0.35 on March 16, up 695% in four days. This sharp rise pushed the Relative Strength Index (RSI) above the 98 level, which is volatile.

The long week on the candlestick on March 16 shows profits at higher levels. ORBS / USD can now make a small correction or consolidation. The first support on the downside is the 38.2% Fibonacci retracement level of $ 0.23.

If the price bounces off this level, it will mean that the bulls buy at smaller downturns. This could lead to a reconsideration of $ 0.35. A break above this level could start the next stage of the uptrend, which could reach $ 0.56.

Conversely, if the price of the bears falls below $ 0.23, sales may increase. The next support on the downside is the 50% retracement level of $ 0.19. A break below this level will indicate weakening bullish momentum, and this move may delay the start of the next phase of the bullish move.

Diego / dollar
Dego Finance’s DEGO token was covered by Cointelegraph on March 2 when it traded at $ 6.31. Since then, it has torn apart and risen to a record $ 34.20 on March 14, an increase of 442% in a short time.

In recent weeks, NFTs have proven to be successful. Thus, any joint venture with NFT reaps enormous benefits. In addition, the March 10 listing on the Binance Innovation Zone was a great success, with $ 1.4 billion earmarked for Binance Coin for the sale of the DEGO launcher.

In addition, Dego Finance has also entered into cooperation with several blockchains. Some of the latest conditions include strategic conditions with apron networks, mesh networks and clover. However, many analysts warn that if the NFT space slows down, it could adversely affect many of the blockchains associated with it.

The long week on the candlestick on March 14 shows profits at higher levels. This was followed by a long-legged Doji light on March 15 indicating the turn between bulls and bears.

Source: CoinTelegraph