Introduction
The well-known Black Friday event, catalogued as a day where massive and very cheap purchases are made on a global scale, somehow impacted the cryptocurrency market, specifically Bitcoin, as it fell back to the support of $54K.
While this Bitcoin pullback to $54K was among the options for bearish traders, one point to note is that although this pullback negatively impacted the entire crypto market, the RBS token was not affected, considering that it maintained its price range above $0.160.
Many alternative cryptocurrencies at the time of writing this article are trading at their lowest level in recent weeks, yet the tokens running on DeFi continue to withstand these repeated pullbacks, an element that in my view is very favorable.
This differential behavior with DeFi tokens may be one of the reasons why cryptocurrency investors beyond watching the drop are still far from worried.
In particular, I closely follow the behavior of some DeFi tokens, including RBS, in order to keep ahead of the price action and make decisions that will keep me away from regrettable losses.
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