The native token LeverFi has surged by over 7% in the last 24 hours, currently trading around $0.001341. This rise comes despite a significant downturn of over 6% in the global cryptocurrency market capitalization, which now be set at $38 million.

LEVER has significantly outperformed other major altcoins, with many cryptocurrency analysts on X bullish about the token's prospects. "The number of large LEVER transactions is on the rise, peaking at nearly 1,000 transactions bigger than $3k last week. While this is still not close to levels of the last bull market, it is a positive sign for the bulls."

However, one analyst believes the token could soon face downside pressure and that the current gains will be short-lived. "We noticed that LEVER correlates with major cryptos such as BTC.