Decentralized finance (DeFi) has emerged as a strong investment theme for many cryptocurrency investors. Recently, Binance, one of the largest cryptocurrency exchanges has also announced a major interest in the DeFi sector. Aave ($AAVE) has been a strong DeFi Token in the past and has spent the second half of October rallying increasing in value by approximately 30%. Today we are going to assess if AAVE can continue its current rally and we look at a new cryptocurrency that may provide better long-term investment opportunities for investors. BudBlockz ($BLUNT) is a new token set to launch on exchanges later this year. The presale phase of the $BLUNT Token has shown massive growth and it could continue to provide handsome returns long into the future too.
Here’s why BudBlockz is a good long-term DeFi opportunity
$BLUNT will power all trades on the native cannabis marketplace being developed by the BudBlockz team. However, the BudBlockz ecosystem had expanded its use case and it will also be launching a decentralized exchange known as BudSwap. $BLUNT holders will be able to participate in staking and liquidity mining through the BudSwap exchange.
DeFi allows users to earn a passive income without exposing themselves to volatile market conditions. It has emerged as a source of passive income for millions of cryptocurrency users. $BLUNT will enable users to access DeFi at the click of a button through its native exchange. It will also help in ensuring sufficient liquidity for the $BLUNT platform. Moreover, out of the total supply (420,000,000 coins), 25% of the tokens have been set aside for liquidity purposes.
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Rather than relying on other decentralized exchanges, BudSwap will allow users to have more control over their assets. $BLUNT is an interoperable cryptocurrency and users will be able to access and transfer easily to other blockchain networks in the future.
Aave trades in a narrow zone as whales accumulate
Aave is a decentralized finance lending protocol that is powered by a native token known as $AAVE. It had registered a strong price rise in the past but has traded in a narrow range for the past few weeks. $AAVE needs to break out of its resistance zone to ensure a rally in the future. At the time of writing, $AAVE was being traded at $88.64 with whales accumulating huge volumes at the current price level.
Decentralized finance provides greater transparency for its users as it eliminates the need for third-party financial institutions. DeFi has enabled access to easy loans for millions of users who find it difficult to navigate traditional banking institutions. $BLUNT will bring DeFi closer to thousands of retail investors and could emerge as a mainstream cryptocurrency in 2022. Head over to the $BLUNT presale and get access to DeFi to earn a passive source of income. Watch your assets grow and work for you even while you sleep.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https//budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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