LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in…
As the decentralized finance sector explodes in value, a recent Messari report indicates that the so-called DeFi boom is likely to continue. Researcher Ryan Watkins wrote that a capital shift from “useless” cryptocurrency projects might help the DeFi tokens boom. Most of these dead projects are listed among the top-30 cryptocurrencies, stated Mr. Watkins. Some…
LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue.…