Decentralized Finance

AAVE & 1Inch Price Put Prominent Coins to Shade!

Written by: Elena R

October 27, 2021

Highlights

  • Korea’s biggest exchange lists AAVE and 1Inch on its exchange platform.
  • De-Fi coins price surge to the moon, following the listing on the exchange platform.

 The crypto market has been rather bland for the day, with top-tier coins portraying red signals on the chart. Which is alerting buyers in the space, to remain cautious. Meanwhile, several altcoins have been performing exceptionally well despite the odds. Which includes the rising meme coin Shiba Inu. And De-Fi coins AAVE and 1Inch, following their listing on Upbit.

De-Fi coins AAVE and 1Inch have risen impressively well, following their listing on Upbit. Which is the biggest exchange in Korea, listing 157 coins and 266 trading pairs on its platform. With the listing users from the platform, can now buy, sell, and deposit ERC-20 versions of 1Inch, AAVE among others. 

1Inch Price

1Inch network integrates decentralized protocols to create faster, more advantageous, and more secure collaboration in the decentralized finance space. The coin has risen exponentially well following its listing on Upbit, with over 100% gains. However, it is currently retracing following the surge.

The coin at press time is trading at $6.84. The market cap of the digital asset is around $1,112,580,463. While the trading volume for the last 24-hours hovers around $1,909,969,308. The coin hit its ATH at $8.65 a couple of hours prior to press time. From the charts, a clear bullish pennant is clearly evident. With a sudden spike in volumes. On the downside, the coin might fall to levels of around the $4 range. 

AAVE Price

AAVE is a decentralized financial protocol that enables users to deposit/loan digital assets. The digital coin at press time is trading at $363.2 with acceptable gains of around 6.6%. The market cap of the coin is around $4,834,865,406. While the trading volume for round the clock floats around $2,191,390,440

From the charts, it is brief, that the coin has broken through its channel, brushing its resistance. However,  the coin is currently making corrections from the leg-up. The coin needs to buckle up from its current levels for higher reach. On contrary, the digital asset might retrace to its previous levels.

The aforementioned coins have done exceptionally well. Which gives investors a broader picture of what the coins can offer, following institutional interests. Several ALT coins have been performing independently, despite the odds. Netizens to which believe, a slight change in trend and perception of investors in the space.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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