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AAVE vs LUNA

Decentralized Finance (DeFi), uses smart contracts to decentralize the financial system and disrupt it. It seeks to eliminate intermediaries and remove paperwork while creating equal opportunities. The creation of many DeFi platforms using blockchain technology has resulted in Terra as well Aave ,, which could be a better purchase than the native tokens on these…

Decentralized Finance (DeFi), uses smart contracts to decentralize the financial system and disrupt it. It seeks to eliminate intermediaries and remove paperwork while creating equal opportunities. The creation of many DeFi platforms using blockchain technology has resulted in Terra as well Aave ,, which could be a better purchase than the native tokens on these platforms.

Aave, which was originally ETHLend, was first launched in 2017 on Stani Kulechov. It was one the first DeFi platforms to provide liquidity for lenders and borrowers in the crypto space. Users could also stake their AAVE to receive discounts and rewards. It also supports Aave clearing and Aave payment.

LUNA is the native token for the Terra blockchain. It’s a blockchain written in 2018 and created by Do Kwon and Daniel Shin. It was built on the Cosmos SDK and operated on the Tendermint Delegated-Proof-of-Stake consensus algorithm. It’s a DeFi platform that allows for the deployment of stablecoins. Transactions can be settled instantly and at very low fees, regardless of where they are made. Mirror Finance, Anchor Protocol and the CHAI payment application are just a few of the projects in this ecosystem.

While the Terra blockchain created LUNA, AAVE is an Ethereum token. AAVE will therefore be affected by high transaction fees on the Ethereum network. $152. is required to obtain one AAVE. 65, whereas a LUNA costs $52.72.

The increase in the adoption of the Terra blockchain is evident in the market cap of LUNA ($21. 08 billion, unlike AAVE ($2. 04 billion). Similarly, their 24-hour market cap shows that LUNA is being traded largely compared to AAVE ($3 billion to $125 million). It is expected that LUNA will trade at times four of its current price by the end.

The price of would be driven by its important role in Terra blockchain, which helps to stabilize the economy and other functions. LUNA is a great buy at any time, regardless of its price. It is best to grab as many as possible before the bull run returns.

But, this is not enough. Do your research, calculate the dollar cost, then make wise deals.

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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