BTC dropped 14% and ETH hit $1800 yesterday. The market is in terrible fear. As the leading coin in DeFi lending, AAVE peaked at $668 and it is now $200, nearly 70% decrease. Should I buy the dip now?
DeFi lending protocol like AAVE is undoubtedly the number 1. What product and which newcomer do you think can overturn the current DeFi lending giant?
Maybe you should buy it, if that’s really the deep you think it is. But don’t just go and rush into it, you should first of all do proper study of the AAVE market and understand it before you start planning of investing in it.
So, that you know whether this is the lowest it is likely to go. If this is really the lowest price right now, then it would be worth investing because AAVE is a very popular cryptocurrency and is also one ofthe very best Deficryptocurrencies. If there are any coins that has the probability of going up again, then this one is really has the chance of doing that.