{"id":17066,"date":"2022-05-17T15:38:42","date_gmt":"2022-05-17T15:38:42","guid":{"rendered":"http:\/\/egrowonline.com\/?p=17066"},"modified":"2022-05-17T15:38:42","modified_gmt":"2022-05-17T15:38:42","slug":"crypto-analyst-says-one-deeply-oversold-decentralized-finance-defi-altcoin-can-move-fast","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=17066","title":{"rendered":"Crypto Analyst Says One Deeply Oversold Decentralized Finance (DeFi) Altcoin \u2018Can Move Fast\u2019"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A popular crypto analyst is naming one decentralized finance (DeFi) protocol he believes can surge in value after being sold off at a rapid rate over the last few weeks.<\/p>\n<p>In a new video update, the anonymous host of InvestAnswers <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=b0z1FYVFIZQ&amp;feature=emb_imp_woyt&amp;ab_channel=InvestAnswers\" rel=\"noopener\">tells<\/a> his 438,000 YouTube subscribers the governance token of DeFi lending protocol Aave (AAVE) has dropped to levels not seen since January 2021.<\/p>\n<p><em>\u201cIt\u2019s like somebody turned back time and rewound the clock 16 months. It is $120 dollars under the 200-day moving average, but when you compare this chart to Polkadot and many others, it\u2019s actually almost similar. So the real issue here \u2013 and this is the challenging part \u2013 is a few weeks ago it was trading at $240. Now it\u2019s at $80.\u201d<\/em><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/aave\/\" rel=\"noopener\">AAVE<\/a> is trading for $88.82 at time of writing. The 60th-ranked crypto asset by market cap is down nearly 15.5% in the past week.<\/p>\n<p>The InvestAnswers host says he expects <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\" rel=\"noopener\">Bitcoin<\/a> (BTC) to rebound first but predicts volatility \u201cfor the next month or so.\u201d<\/p>\n<p>The anonymous analyst also outlines why he\u2019s still bullish on Aave.<\/p>\n<p><em>\u201cAave is still a top non-custodial protocol. They\u2019re moving into more [business to business], which will help enterprises get return on stablecoins like [US Dollar Coin]\u2026 <\/em><\/p>\n<p><em>The other thing is, it can move fast, and I\u2019d say ladder out up to $240, which is 3x from here. It is deeply oversold, as is the rest of the market, but the market can rebound fast.\u201d<\/em><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Weekly Live Q&amp;A: Bitcoin, Swing Trading, XRP, ETH, SOL, MSTR and more\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/b0z1FYVFIZQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Check <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" rel=\"noopener\">Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\" rel=\"noopener\">Twitter<\/a>, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" rel=\"noopener\">Facebook<\/a> and <a target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\" rel=\"noopener\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n&amp;nbsp<br \/>\n<a target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.go-vip.net\/news\/\" rel=\"noopener\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>\u00a0<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Featured Image: Shutterstock\/Mia Stendal<\/span><\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/dailyhodl.com\/2022\/05\/17\/crypto-analyst-says-one-deeply-oversold-decentralized-finance-defi-altcoin-can-move-fast\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto analyst is naming one decentralized finance (DeFi) protocol he believes can surge in value after being sold off at a rapid rate over the last few weeks. In a new video update, the anonymous host of InvestAnswers tells his 438,000 YouTube subscribers the governance token of DeFi lending protocol Aave (AAVE) has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[349,646,62,2220,8204,172,1761,28,883,2965],"class_list":["post-17066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoin","tag-analyst","tag-crypto","tag-decentralized","tag-deeply","tag-defi","tag-fast","tag-finance","tag-move","tag-oversold"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/plowing-altcoins-1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17066"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17066\/revisions"}],"predecessor-version":[{"id":17068,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17066\/revisions\/17068"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/17067"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17066"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}