In just four days, AAVE has entered the downward trajectory phase and saw a sharp decline of over 15%. On May 27, the price of AAVE began dropping from a high of $283 to an intraday low of $240. Despite the decline, insiders quickly stepped in, pushing the price back to a peak of $254 before it retraced to $251. This swift recovery reflects investors’ confidence in the AAVE, especially with all the buzz around its growing role in tokenized yield markets. AAVE’s recent collaboration with Pendle and Ethena has played a key role in driving momentum.
Along with AAVE, a few other cryptocurrencies are also gaining fresh momentum in the market. Among them, we have spotlighted the best crypto to buy now that could be the next crypto 30x multiplier in the upcoming wave. Let’s explore them briefly.
List of Best Crypto to Buy Now:
1. AurealOne (DLUME): Blockchain-Based Metaverse Meets True Ownership
AurealOne is a metaverse revolution that fuses gaming, entertainment, NFTs into one digital realm. By utilizing ZK Rollups, this innovative platform aims to deliver high transaction throughputs and reduce costs. The transactions that are facilitated in AurealOne will be processed off-chain, and their cryptographic proofs will be submitted on-chain.
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The native utility token of the AurealOne ecosystem is DLUME, presently in presale round 4, priced at $0.0013. This token enables in-game transactions, NFT purchases, staking, and governance. Besides these, AurealOne’s focus is to captivate the investor’s attention through two innovative projects: DarkLume and Clash of Tiles. DarkLume is a virtual environment where users can become creators, landowners, traders, and investors. Clash of Tiles is the ultimate gaming environment where players can battle and earn DLUME.
2. DexBoss (DEBO): All-in-one DEX Platform
DexBoss is an emerging DeFi ecosystem designed to empower users with a simplified trading experience. The main focus of this platform is eliminating the hurdles that are often faced in traditional DeFi space. By offering a high liquidity pool and professional trading tools, anyone can trade, stake, and farm liquidity in this user-friendly interface. Furthermore, with intuitive trading features, DexBoss supports traders in trading 2000+ digital currencies, including trending meme coins.
The primary utility coin of DexBoss is DEBO. To access all the DEX features in DexBoss, “DEBO” is essential. Presently, users can accumulate this presale cryptocurrency at $0.011. Despite these, to stand as a deflationary design, DexBoss has employed a Buyback and burn mechanism to burn out the token and increase the coin value.
3. Aave (AAVE): Powerful DeFi
Aave – the world’s largest decentralized, non-custodial liquidity protocol, used to supply, borrow, swap, and stake. With Aave, suppliers provide liquidity to the market while earning interest. Borrowers can access liquidity by providing collateral that exceeds the borrowed amount. Supplied tokens of Aave are stored in publicly accessible smart contracts, enabling borrowing according to governance-approved parameters. The native utility token of Aave is AAVE, which is used for Aave Protocol governance. Also, it is used to vote and decide the outcome of Aave Improvement Proposals. In a recent market dip, AAVE has dropped to $240 and retraced to $251. Despite the dip, insiders are accumulating AAVE as it has recently collaborated with Pendle and Ethena, tokenized yield markets.
4. Pendle (PENDLE): Yield Trading Protocol
Pendle is a permissionless, decentralized yield trading protocol that allows users to execute various yield-managing strategies. The three main parts of this platform are Yield Tokenization, Pendle AMM, and vePENDLE. This network has wrapped yield tokenization into standardized yield tokens (SY) and is compatible with the Pendle AMM. It then splits the SY into Principal Token (PT) and Yield Token (YT). Pendle AMM is used to trade these PT and YT. vePENDLE is a yield derivative protocol that brings the TradeFi derivative market into DeFi, making it accessible to all.
5. Ethena (ENA): Digital Dollars for the Internet Economy
Ethena is a dollar protocol built on Ethereum to provide a crypto-native solution for the money. Its synthetic dollar USDe provides crypto-native, scalable solutions that are achieved by delta-hedging Bitcoin, Ethereum, and Solana. This synthetic dollar is fully backed and free to compose throughout DeFi and CeFi. In this platform, users can currently access external AMM pools to acquire or dispose of USDe with assets like USDT and USDC. The native utility token of Ethena is ENA. It is used for network development, risk assessments, and enabling holders in participating decision-making and management.
Final Thoughts!
In a recent market dip, AAVE has significantly dropped over 15%, but crypto insiders are still accumulating the dip. This shows the renewed interest and confidence of investors in the AAVE protocol. Despite this, emerging crypto presales, namely AurealOne and DexBoss, are attracting the attention of insiders as they are striving to approach the market with explosive gains in the next bull run. AurealOne is a gaming environment offering an admirable gaming experience in the metaverse world. DexBoss is the new boss of the DeFi space, ruling traders’ minds with simplified trading opportunities.
On the other hand, Ethena and Pendle are also gaining momentum as they have recently collaborated with AAVE. Investors who are looking for the best crypto to buy now should consider adding these projects to your portfolio.
Disclaimer: This is a paid post and should not be treated as news/advice. LiveBitcoinNews is not responsible for any loss or damage resulting from the content, products, or services referenced in this press release.
