Aave (LEND) surged by over 30 per cent to enter the top 25 cryptocurrencies on Tuesday. At the time of writing this article, Aave had registered a 31.26% growth.
This comes at a time when most cryptocurrencies have at the moment grown or fell marginally but Aave has made a major growth in marke captalization.
“A few weeks ago I suggested one of the DeFi tokens will get into the Top 25 on CMC before yearend. $LEND is the first to do this. I expect to see at least half a dozen more DeFi tokens achieve this feat before this cycle is over,” Spartan Black tweeted.
Earlier, as far as the crypto market is concerned, It has been a regular day in crypto market with most currencies showing routine fluctuations. Bitcoin and Ethereum grew nearly by one per cent but the talk of town was Cosmos which delivered an over 22% growth. The growth delivered by cosmos is the most by any other cryptocurrency in the top 20 chart.
On Friday, Chainlink delivered massive growth in the past few week of time. The growth also saw it overtaking Bitcoin Cash in due course. The mammoth growth enabled Chainlink to reach nearly $20 mark.
However, all the progress made by Chainlink, has been hit with a jolt. In the last 24 hours, the cryptocurrency has dropped majorly by 13 per cent to record a price of nearly $14.
This is a remarkable change in Chainlink as it had hit it peak performance of the last few years before registering the downfall. As a result of the downfall, Chainlink has also again dropped behind Bitcoin Cash, to ranked at the sixth spot among all cryptocurrencies.
Chainlink, now, has has a marketcap of $4,901,315,057 in comparison to $5,390,990,310 of Bitcoin Cash. The latter, which had dominated its position for quite sometime, is priced at just above $291 at the moment.
Bitcoin Cash has also shown more resistance in comparison to Chainlink as it has dropped marginally by only 0.71% at the time of publishing the article.