The token of Maple Finance continued its strong rally on Saturday while the total value in his platform was locked and whale accumulation rose.
Maple (syrup) Prize rose to a highlight of $ 0.42 on Saturday, the highest level since November last year. It is one of the best performing cryptocurrencies this year after an increase of 405% from the LOS points of March.
The siro -peak price has risen as data from third parties demonstrated that the total funds that are locked in its ecosystem to a record high of more than $ 1.39 billion. This is a strong achievement since the year started with $ 290 million in assets. Last year it had a TVL of $ 16.5 million in the same period.
This growth has pushed the monthly costs from Maple to $ 2.55 million, an increase of $ 556,000 in April this year. Maple earns costs by providing financing to institutions. It gets his money from investors who allocate cash to its high-quantities, blue-chip and Bitcoin yield products.
Further data show that the expansion market capitalization of syrup has risen to a record high of $ 194 million, an increase of less than $ 500,000 in January. This growth is due to both the rising siro -peak price and the increased intake. The releasing market capitalization has risen to 75.5K in ETH terms.
Santiment data show that whales continue to allocate money to syrup. Those who have between 10 million and 100 million syrupo -chists have stimulated their participations to 373 million from 204 million on 1 January.
SIROPROOPH PROCESS TECHNICAL Analysis
The daily graph shows that the maple price has been in a strong bull run in recent months. This increase accelerated after Binance and Bitget mentioned earlier this month.
Siroop has recently risen above the most important resistance level at $ 0.1920, the highest swing on March 8. It has also moved above all advanced averages, while Oscillators show that it is overbought.
Although more profits are possible, the price will therefore probably withdraw if some investors start to take a profit. Such a retreat would bring it to $ 0.25 before he resumes his upward trend.
