{"id":292287,"date":"2021-06-17T10:26:35","date_gmt":"2021-06-17T14:26:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=292287"},"modified":"2021-06-17T10:42:38","modified_gmt":"2021-06-17T14:42:38","slug":"6-best-defi-platforms-to-invest-in-now-june-2021-week-3","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/6-best-defi-platforms-to-invest-in-now-june-2021-week-3","title":{"rendered":"6 Best DeFi Platforms To Invest in Now – June 2021 Week 3"},"content":{"rendered":"
The decentralized finance (DeFi) space has continued to see growing adoption as assets locked are holding steady on top DeFi platforms.<\/p>\n
While there is a lot to be done to get the market back to previous levels, the current dip provides an opportunity to buy DeFi coins and set yourself up for significant gains.<\/p>\n
Investors looking to bet on DeFi will be on the lookout currently – just like traditional crypto investors. With that in mind, we have some of the most interesting DeFi platforms and their coins that you might want to get in on now as they have some significant upside. Take a look below:<\/p>\n
When it comes to DeFi platforms, hardly does any match the popularity of Aave. It is the leading DeFi platform according to DeFi Pulse, and it specializes in providing seamless lending opportunities to investors.<\/p>\n
In fact, of the current $61 billion in assets locked across DeFi, Aave holds $12 .39 billion. Those are pretty big numbers. The platform’s token, AAVE, is among the DeFi blue-chip coins, and there is a lot of upside to it.<\/p>\n
Like many coins, AAVE has been working to get back to its all-time highs. It fell from $670.83 to $209.21 in just five days, and it has been working its way up since. The current price of $301.16 marks a 43 percent jump from its bottom.<\/p>\n
<\/p>\n
While June hasn’t been so great for AAVE, the asset definitely has a lot of upside. Aave – the DeFi platform – implemented layer-two functionality via Polygon recently, and its volume locked even surged past $20 billion at the beginning of the month.<\/p>\n
AAVE might still be caught amid the market struggle, but its technicals look strong. The asset’s relative strength index (RSI) stands at 56.32, showing that it isn’t overbought. It is also holding above its 20-day simple moving average (SMA) of $296.45.<\/p>\n