The cryptocurrency sector has suffered bearish sentiments in 2023. However, the decentralized finance (DeFi) sector has continued to grow. three DeFi Tokens Stellar, Aave, and Tradecurve Markets have been able to weather the bullish and bearish market. Experts believe these tokens can still yield more price gains in 2023.
Stellar (XLM) Network Continues To Grow
Stellar (XLM) is an open-source and decentralized system for sending digital money to regular cash at a low cost. It allows users to send money across borders using any type of digital currency. Now, let us talk about Stellar's recent price movement.
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Despite its use case for payment, the price of Stellar has been on a downward trend in 2023. Notably, the Stellar coin has stayed between the price range of $0.114 and $0.1138 for a while. Currently, it is dropping closer to an important support level.
Trading around $0.111103 in October, Stellar is between its 200-day and 50-day SMA. If the Stellar coin gains momentum and buyers enter the market, the price of XLM could test the $0.1138 and $0.1165 resistance levels.
Analysts Bullish on Aave (AAVE)
Aave (AAVE) is a decentralized lending protocol that allows users to lend or borrow cryptocurrency directly. This eliminates the need for centralized intermediaries. Also, Aave has a native token called AAVE, which users stake to generate interest.
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In 2022, the price of Aave suffered from bearish momentum as selling pressure increased. Aave crypto fell from an all-time high of $666.86 to a low of $51.98 by December 2022. However, the Aave coin showed massive recovery at the start of 2023 soaring to $90 in February.
The Aave crypto has recovered from its mid-year drop to $40 thanks to the Aave V3 launch and other partnerships. On September 19th, AAVE was worth about $63.75 but has climbed to $66.12 in October. According to DigitalCoinPrice, the Aave crypto will reach $129.32 this year.
>>Register For The Tradecurve Markets Presale<<
Tradecurve Markets (TCRV) Takes the Crypto Space By Surprise
Tradecurve Markets (TCRV) is becoming popular due to its upcoming hybrid trading platform. Many traditional platforms have strict KYC checks and complex registration steps. This has made trading difficult for several traders over the years. However, this platform will allow traders and investors to enjoy anonymous and fast trading.
Tradecurve Markets has a simple registration process with no strict KYC checks. You only need an email and a crypto wallet to start trading on Tradecurve Markets. In addition, Tradecurve offers a variety of assets, including stocks, commodities, cryptocurrencies, indices, ETFs, and more, all in one place.
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This makes it a comprehensive exchange for both new and experienced traders. Furthermore, Tradecurve Markets offers features like high leverage, protection against negative balance, and low fees. Importantly, Tradecurve Markets has its own digital currency called the TCRV token.
Holding TCRV offers several benefits, from trading discounts to exclusive rewards. Currently, Tradecurve Markets is in its sixth presale phase and costs only $0.03. Considering the token's potential and the platform's vision, analysts predict its value to rise 10x by December 2023.
For more information about the Tradecurve Markets (TCRV) presale:
Website: https://tradecurvemarkets.com/
Buy presale: https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
