DeFi tokens are gaining wide relevance every day, thanks to the benefits of decentralization they offer holders. Luckily, analysts have selected three DeFi tokens you can buy and they are Chainlink (LINK), Aave (AAVE), and Pomerdoge (POMD). On the other hand, experts have predicted that these three cryptos will dominate the DeFi space.
Chainlink (LINK): Whales Activity on the Rise
Chainlink (LINK), a decentralized blockchain oracle network built on Ethereum, has been attracting attention recently. According to a tweet by Santiment, the blockchain intelligence firm, Chainlink's Github development activity has notably increased this summer.
In addition, Chainlink sharks and whales have accumulated over $192.2 million LINK tokens in the past month. However, this has not affected Chainlink’s price positively. As of today, the price of Chainlink (LINK) stands at $7.15, a slight price decline of 0.18% in the last 24 hours.
The token's value has dropped by 6.39% over the past 7 days. Analysts are currently expecting a breakout in the coming days as Chainlink has formed a symmetrical triangle pattern on the daily chart. Chainlink could either rise to $8.40 or drop to $6.127 depending on the breakout.
Aave (AAVE) Sees Price Increase After Bullish Week
Aave (AAVE), a decentralized money market protocol, provides users with the ability to lend and borrow cryptocurrency against 20 different assets used as collateral. Additionally, the platform features a native token called AAVE, serving as a governance token that empowers the community to collectively shape the protocol's direction.
However, Aave has been under huge bearish sentiment in the past month. According to CoinMarketCap, it is trading at $65.23, a 0.21% price increase in the last 24 hours. Also, Aave's price has dropped by 8.34% in the past 7 days.
The RSI value of AAVE is at 44.75, which indicates that the AAVE market is in a neutral position. Hence, the token's movement in the coming days can be upward or downward. Aave has support levels of $64.62, $63.43, and the strongest at $62.71. Similarly, Aave resistance levels are at $66.53, $67.25, and $68.44.
Pomerdoge (POMD), DeFi Token Meant for Gamers
Pomerdoge (POMD) emerges as a playful yet promising addition to the memecoin market. However, what truly sets it apart is its robust ecosystem, anchored by a play-to-earn (P2E) game and a vibrant marketplace called Pomerplace.
In the Pomerdoge P2E game, players from all around the world can compete while reaping lucrative rewards. Meanwhile, Pomerplace functions as the trading hub, facilitating the buying, selling, and trading of in-game assets.
Meanwhile, Pomerdoge has a native utility token called POMD. This token plays a crucial role in facilitating all transactions within the ecosystem. It grants holders access to rewards, exclusive features, and incentives for active engagement.
Some traders are already projecting impressive gains of up to 100x for investors in the weeks ahead, making it an attractive investment opportunity with significant growth potential.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge
This contains sponsored content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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