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Disclaimer: The information provided in this trade alert is for educational and entertainment purposes only and should not be considered as financial advice. The author is not a financial advisor and is only sharing their personal trading activities in full transparency. The opinions expressed in this alert are the author's own and do not reflect the views of any other individual or organization. Investing in cryptocurrencies and other financial instruments involves a high degree of risk, and you should not invest money that you cannot afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or damages resulting from the use of the information provided in this alert.

I've been closely monitoring Solend as a potential investment option in the SOLALT, but there are several concerns holding me back forcing me to ditch the plan last minute. 

  • Firstly, the current chart does not flash a buy - basically it is too high. 
  • Secondly, there's a decline in Daily Active Users (DAUs), which raises concern for me. 
  • Third, my analog was AAVE and now they are planning a move away from Ethereum over to the Solana Blockchain (like many others) so Aave could once again become formidable  

While Solend remains on my radar, and it has more features and functionality than AAVE, the present conditions aren't compelling enough for me to invest. I had a tiny position which i sold out of and swapped back into SOL. 

I will await a sub $2 entry - we shall see if it comes about.  


Comments

Anonymous

Um has anyone else noticed that Lfnty just kind of...fell off a cliff? Am I reading the chart correctly?

Anonymous

Good news about Aave. I was considering selling my bag but I may just hold on to them now

Anonymous

can you tell me where/how you found a chart. Thanks in advance