Post
Topic
Board Speculation (Altcoins)
Re: what do you think about Aave (LEND)
by
shawman
on 20/08/2020, 17:57:31 UTC
I did buy some in late 2017 ico boom phase. It went up to 2860 sats(45c at that time) and then crashed to almost nothing. Left holding the bag. I was surprised in april when it went up from 0.03 to 6cents and since then it has been on constant upward rise. Now its at ath 5280 sats( 63c).

I have not sold my coins yet though I am vigilant. I like the updates from the team this year and ecosystem has taken off when 1 Billion of assets in the Aave ecosystem. As long as that sustains the coin has a future. Plus coinbase is evaluating it along with many other tokens. If we see US exchanges(Coinbase pro and Binance US) lists the coin, the volume of trading will go up big.

That said I would not recommend fomoing in at this price. Yesterday briefly it did slide back around 4300 sats. I think one has to wait for it to go below 4000 sats to consider getting back in. One big concern I have is around the plan of reverse splitting 100:1 of Lend token to Aave token. I hope that does not happen. That is a huge red flag. I am keeping an eye on their discord and its still not finalized.