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Crypto news: what is the trend of the Dent (DENT), Aave (AAVE), and Casper (CSPR) coins?
See below for an overview of current and future prices and all the latest news involving them.
Focus on the price of the Dent crypto: comparison with Aave and Casper
DENT is a blockchain platform that aims to revolutionize the mobile industry.
During its journey, DENT has gone through a series of ups and downs that have generated divergent views on the future of its value.
Indeed, although the platform is continuing to develop fully and consistently, the price behavior does not seem to reflect its progress. However, there are several plausible reasons for this.
First, as is the case with other altcoins, the value of DENT depends largely on the fluctuations of the Bitcoin market.
Another reason is that adoption of the project has yet to reach sufficient scale to sustain the spread of the DENT token and spur its increase in value.
In fact, according to some forecasts, the price of DENT is expected to continue to grow in the long term in parallel with the spread of its blockchain solutions for mobile communication.
In addition, the token is regularly added to new exchanges every quarter, thus increasing its accessibility and liquidity. Given that the company has demonstrated stability over the years, it is reasonable to assume that it has no plans to suddenly retreat.
Therefore, DENT has every chance of surpassing the price peak reached in April 2021, when it was $0.2 per 1 DENT, and reaching at least $0.26 by the end of 2023.
Considering also that the cryptocurrency industry seems to be becoming more mainstream, it is possible that the price of DENT could grow faster and reach even higher values.
The Aave crypto on the rise: let’s see why
At the moment, the current price of crypto Aave is around $75.17, registering a remarkable 32.60% increase in the past 24 hours. Not only that, over the past month, the value of this cryptocurrency has increased by more than 48% and continues to rise.
Certainly, the announcement of the BlackRock spot Bitcoin ETF filing has generated an optimistic mood among investors. Thus, Aave is now one of the main beneficiaries of the current price rise and is trying to recover some of the losses incurred in the past year.
The protocol has demonstrated a remarkable level of innovation with its V3 engine, which may have triggered this rapid rise.
In addition, on-chain data analysis conducted by Lookonchain showed a sudden increase in activity of a recent whale.
In the past few hours, the address “0x5a80” has accumulated $182,152 $AAVE (equivalent to $13.2M) across several wallets, coming to own approximately $399,585 Aave (totaling $29M).
Aave has also implemented a number of improvements that make the platform more user-friendly. Compared to other segments such as exchanges and memecoins, Aave is the undisputed leader in the decentralized lending market.
Due to its reliability and being among the first lending protocols in decentralized finance (DeFi), Aave has established itself as a recognizable name for many users.
Indeed, the platform withstood Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) and has remained at the forefront by introducing a stablecoin called GHO and developing additional iterations of its lending infrastructure.
Casper’s price is falling, but community remains positive
According to Coingecko‘s data, currently, the price of Casper Network (CSPR) is around $0.04074295, with a trading volume of $2,698,244.05 in the last 24 hours. This represents a 1.55% decrease in price over the past 24 hours and a 4.06% increase over the past 7 days.
Casper Network’s (CSPR) daily trading volume was $2,698,244 in the last 24 hours, showing a 20.30% decrease from the previous day and a recent decline in market activity.
Despite a 4.10% price increase over the past 7 days, Casper Network (CSPR) is under-performing compared to the global cryptocurrency market, which has seen a 10.10% increase.
It is also under-performing compared to other similar currencies based on smart contract platforms, which have registered an increase of 9.80%.
However, the investment community seems to be optimistic, with more than 72% of users expressing a positive opinion about Casper Network (CSPR).