SOLALT Update (Patreon)
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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.