DeFi bulls seem to return. One of the leading protocols AAVE has scored 25% in the past 24 hours alone reaching $159.1k.
Thanks to this, the coin becomes the best-performing crypto asset in the top 100 by market capitalization. LEND is currently the #65 cryptocurrency by market cap at $5.2M. Note that BTC has gained 5% in the last 24 hours, Ether has the same results. These 2 top tokens have had a great surge since the weekend lows.Aave is supposed to extend higher, examiners say, as a result of trends in the market.
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Observers assume that AAVE will keep descending as the futures exchanges for the cryptocurrency show that a slight influence may be happening. One of the reviewers noted how the funding price is significantly adverse as open interest in these stores has started to grow. This reckons a raise in a short movement.The point is that along with this, AAVE has made progress, putting short positions in a condition where they will necessitate closing their positions to protect their funds or wait until they are potentially short squeezed.