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- AAVE led the DeFi carnival in early 2021
- UNI is very close to surpassing its all-time high record
- SUSHI is lagging behind its peers -UNI and AAVE
A recent article by Alex Benfield pointed out three cryptos from the Decentralised Finance (DeFi) that have gained appreciation from the market. Aave (AAVE), Uniswap (UNI), and SushiSwap (SUSHI) are the three cryptos that are demanding investor interest.
AAVE may Enter a Price Discovery Mode
Aave has already surpassed its all-time highs and is expected to lead the DeFi boom soon. It led to the DeFi carnival in early 2021, and analysts suggest that it is very much possible to top the chart in the next DeFi summer. Currently, the token is trading at $573.08 and is up by almost 10.46% in the last 24 hours. The token crossed its all-time highs of February 2021 and is up by almost 30% in the last 48 hours. It is anticipated that if AAVE can stay at these levels, it may enter a price discovery mode.
SUSHI and Interesting Token to Look After in the DeFi Run
Uniswap (UNI), another DeFi token, is showing similar signs of the run. Seventy-two hours ago, UNI was up by a massive 18%, and the next day it was up by 10%. However, it is trading at $37.57 and is down by almost 11.71%. UNI is very close to surpassing its all-time high record, and analysts believe that it will benefit on a larger scale in the upcoming altcoin run. Bulls are eyeing a target of $45 for UNI, and if it can break past those levels, then a parabolic breakout is possible.
SushiSwap is currently trading at $15.09 and is down by 15.22% in the last 24 hours. Although this DeFi token is lagging way behind its peer, it managed to recover its price levels. SUSHI recovered from the $10 levels of April to a good $17 a few hours ago. Analysts suggest that SUSHI may be crucial crypto to look after during this month.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
