DeFi Technologies Inc (DEFTF) Stock Moves Up 28% in a Month: But Why?

The growth in the cryptocurrency sector has also resulted in the rise in importance of decentralised finance and one of the companies that investors could considering following from that sector is DeFi Technologies Inc (OTCMKTS:DEFTF).

Over the course of the past month, the DeFi stock has performed strongly and managed to deliver gains of as much as 28% during the period. The last important news with regards to the company had emerged back on August 31, 2021 when DeFi announced that the Shyft Network Node managed to generate earnings of more than 300000 Shyft tokens over a period of two months.

In addition to that, the company also noted that it expects to generate more than 6800 Shyft tokens daily in the future. That will bring the total to around 2482000 tokens a year. At this point in time, DeFi is involved in running a validator on the Shyft network. The announcement from the company was a vital one and must have resulted in considerable excitement among investors at that time. At this point, it could be a good idea for investors to keep a close eye on the latest news with regards to DeFi.


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