While analysts predict a 32% surge for Aave (AAVE), Cream Finance (CREAM) has lost $3.3 million worth of ETH to exploiters

Aave (AAVE) Price Prediction: Cream Finance (CREAM) Exploiter Moves $3.3M ETH and Collateral Network (COLT) Presale Thrives with 40% Gains

Atalayar

Updated: 08/05/23

As the crypto market booms, the DeFi sector is relentless in giving users the best experience, with old players like Aave (AAVE) and Cream Finance (CREAM) taking the lead. But while analysts predict a 32% surge for Aave (AAVE), Cream Finance (CREAM) has lost $3.3 million worth of ETH to exploiters.

All this is happening at a time when Collateral Network (COLT), a new player in this sector, has gained significant traction and surged during the presale.

>>BUY COLT TOKENS NOW<<

Aave (AAVE)

Aave (AAVE) is one of the most valued DeFi platforms with more than $5B TVL (total value locked). Aave is hosted on the Ethereum blockchain, and it allows users to earn interest on deposited crypto assets and also use them as collateral when borrowing.

Based on analysis data on Changelly, Aave (AAVE) has been in a good upward trend for the last seven days, increasing by 9.64%. During the last month, the Aave (AAVE) price has increased by 14.17%, adding a colossal average amount of $10.01 to its current value of $69.80 at the time of writing. Also, Aave (AAVE) is predicted to rise by 32% and reach $92.30 in April 2023.

Thus, Aave has shown very strong potential, and this could be a good opportunity to dig in and invest. But if the coin is too costly for you, then don’t miss the next gem coin — Collateral Network (COLT).

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Cream Finance (CREAM)

Cream Finance (CREAM) is a DeFi lending protocol for everyone. It is a part of the yearn.finance ecosystem and serves users on Ethereum, Binance Smart Chain, Polygon, and Fantom chains.

Earlier this year, blockchain analytics firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH (worth about $600,000) to crypto exchange TradeOgre. Etherscan data reveals that since January 9, the exploiter has transferred 2,070 ETH (approximately $3.3 million) to the same platform.

These funds are traced back to a $119 million Cream Finance (CREAM) exploit in October 2021, as reported by blockchain security firm, Certik. The attacker had used multiple flash loans to raise the price of yUSD and borrowed more assets than the attacker collateralized on Cream Finance (CREAM).

Although this news resurfaced recently, the value of the Cream Finance (CREAM) token was not negatively affected. Currently trading at $14.81, Cream Finance (CREAM) has been up by 24.2% in the past 14 days.

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Collateral Network (COLT)

Collateral Network (COLT) is also an Ethereum-based DeFi protocol but with an added NFT feature. The Collateral Network allows users to unlock liquidity from their physical assets, such as gold, vintage cars, and artwork, without selling them.

When users pledge these assets as collateral, NFTs are minted to represent them. Then the NFTs are fractionalized and sold to multiple lenders to enable quick conversion to cash. That way, Collateral Network (COLT) saves users the traditional hassle of completing forms or owning any crypto assets to access cash loans. Also, lenders benefit from fixed interest rates.

This unique NFT model will distinguish the Collateral Network from competitors and attract many investors. Additionally, industry experts have predicted that Collateral Network will pump by 3500% when the ongoing presale is completed. Already, the presale has gained significant traction and surged 40% in a few weeks. Now is a good time for interested investors to buy Collateral Network tokens at a discounted price.