Hello to my friends who love life and always smile despite all kinds of negativity. In these days of negative news, Bitcoin is moving in a narrow band. Meanwhile, news about positive developments on the side of Ethereum and DEFI began to come. Let's take a look at these important developments in order and talk about the near future...
The fact that the Ethereum London update will be implemented soon has brought movement in the ETH price. In this update, there will be innovations such as scalability, reasonable transaction fees, etc.
Chart ETH
DEFI projects, powered by this development in Ethereum, are trying to increase their market volumes by offering innovations especially to institutional investors.
Decentralized finance (DeFi) protocol Aave has announced the launch of its Aave Pro platform for institutional investors. Aave Pro will serve for BTC, ETH, AAVE and USDC for institutional investors. A notable feature of Aave Pro is that institutional investors must pass Fireblocks' smart contract-based Know Your Customer (KYC) verification to access the platform.
With this news, the upward trend in the price of AAVE started.
Chart AAVE
There is an important reason why I mentioned AAVE in particular. I recommend you to follow AAVE, the leader of the DEFI industry, closely.
Source Chart by DEFI PULSE
My last words as I finish my article; The new uptrend will start with DEFI projects led by Ethereum. AAVE, COMP, UNI, LINK will be leading cryptocurrencies. With AAVE Pro, institutional investors who do not like the cryptocurrency markets will enter the market. After what will happen in a month, you will give me the right…
My only condition is; There is no negative news about Bitcoin…
DEFI Storm is approaching…
As I always say, listen to everyone, decide for yourself...
Buy when everyone is selling, sell when everyone is buying...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch... Take care of yourself so that you and the people around you will be happy...