DERI Price Prediction and Price Movement
DERI is up 708.73 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of DERI can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, DERI has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on DERI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Deri Protocol Price Chart
About Deri Protocol
Deri is a decentralized protocol for users to exchange risk exposures precisely and capital-efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purposes. Having provided an effective on-chian mechanism to exchange and hold risks, Deri protocol has minted one of the most important blocks of the DeFi infrastructure.