Crypto Trader Says One DeFi Altcoin Is an 'Absolute Steal', Update about Compound and Axie Infinity
A prominent crypto trader says that the native assets of the lending and lending platform Aave (AAVE) could grow to around $300 by Q2 2023.
Altcoin Sherpa told her 182,700 Twitter followers that buying AAVE when it trades sideways can be an absolute steal due to its huge upside potential.
“AAVE: In the end this is going to be an absolute steal at these prices.
-Most of the emissions are gone / relatively little selling pressure
-Huge TVL [total value locked] still
-Still one of the DeFi bluechip coins [decentralized finance] the best
- Long history of battle tested.
Waiting for merge. ”
At the time of writing, the decentralized finance (DeFi) altcoin is changing hands for $88.30, up 2% on the day.
He said the governance token of the decentralized lending platform Compound (COMP) also offers active traders potentially beneficial returns. The crypto asset is up 1% in the past 24 hours, currently trading for $48.50.
“Although most DeFi tokens are dead as of 2021, there are still plenty of good opportunities for active traders. One example is COMP, which has had several bear market rallies.
That said, if you're a passive investor, it's best to just scale into BTC and ETH [in my opinion]. ”
Traders are cautious about buying tokens of gaming platform based on non-fungible token (NFT) Axie Infinity (AXS) with reason Uncertainty in this crypto sphere. The token is valued at $13.77 at press time, a positive change of nearly 3% on the day.
“AXS: I haven't looked at this chart in a while. I think the game will be very strong in the future but not sure how the [play for money] story will play out. [To be determined] if this is an accumulation or just a pause before falling again, the trend is still down so I wouldn't rush it. "
Sep 09, 2022
