A popular crypto analyst is considering one decentralized finance (DeFi) altcoin project as the bear market continues.
“Something that I have been looking into recently, and I think is an amazing project, is Aave. We just had the news that it’s planning to issue its own decentralized stablecoin. Now, I personally think that is really, really exciting news…
I know some of you will be rolling your eyes at the thought of another decentralized stablecoin after what happened with the last one. But I think Aave is a really, really interesting project at the moment.
So that, for instance, is [why] I’m looking at. I haven’t bought any Aave tokens yet. I might not, but I certainly am considering it.”
While hunting for potential top gainers next bull market, Guy thinks the bear market could continue to consolidate well into 2023 and possibly even into 2024.
“How long is the bear market going to last? When is all this over?
Well, I’ve said this a few times before, I think we have at least until the end of 2022 and I think the bear market can easily last well into 2023 and possibly even 2024. So, I guess, what that answer means is — I don’t really know.
I don’t know how long this bear market’s going to last. I personally believe it’s going to last for quite a while yet. As I say, I think it could be maybe even 2024, which is when the next Bitcoin halving is going to be, so that is something factor into your decision making.”
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.
Featured Image: Shutterstock/Sergey Nivens/INelson