Popular crypto analysts are emphasizing a small number of crypto projects as one niche counters the downtrend of the entire market.
In the YouTube update, Guy, the host of the pseudonym CoinBureau To tell His 2.08 million subscribers using Decentralized Finance (DeFi) have made an impressive comeback.
“Starting with Convex Finance, CVX seems to be recovering with the development of a decentralized stablecoin front …
Unfortunately, the recent rise in CVX is barely noticeable, but as DeFi developer Andre Cronje once said, “DeFi tokens shouldn’t be bought, they should be earned.” It’s his words, not my words. “
At the time of writing, Convex Finance (CVX) is trading at $ 5.20. CVX remains up 66.1% from its June 18 monthly low of $ 3.13.
Analysts also describe the interoperable blockchain Quant Network (QNT), which helps developers create decentralized applications (DApps).
“Next is the Quant Network, which appears to be recovering QNT tokens with an update to Overledger, a platform developed by the Quant Network, which uses smart contracts from various blockchains. You can create a DAapp.
Like most altcoins, QNT is well below its all-time high, suggesting that technicals won’t be that high from here. In other words, we are late in fixing, so think twice before pondering. “
“AAVE tokens are specifically rallying [because of] Aave’s distributed stablecoin …
This can result in Aave up to $ 120 before being rejected. “
Uniswap is in the red 3.24% on the day and is priced at $ 5.63.
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