KMNOUSDT trade ideas
Is Kamino (KMNO) Aave's Biggest Compeition??Aave is dominanting the Ethereum space
Looks like Aave is pulling away in terms of Ethereum lending protocols. It may continue this trend of dominance. Of course things could change within ethereum but if the trend continues then perhaps their competition will lay outside ethereum.
Solana massively grew its footprint
Solana may have had its issues whilst being massively stress tested. Certain points having higher dex volume than Ethereum. With users flocking to Solana and Solana handling its growth relatively well.. its very possible that we see the trend continue next wave.
Kamino is dominanting Solana lending space
If Kamino continues to dominate the solana lending space and solana goes back to overtaking ethereum dex volume.. then it stands to reason that Aave's biggest competition may lay outside Ethereum.
If Aave runs aggressively out of its long term base then the solana flock may start herding into their best version.
Becareful of the bearish stophunt on Kamino
$KMNO #breakingoutLooking to break out after three touches on resistance. Volume should see it go higher imo
KMNO Long Bottom - Mirrors Sol Weekly ChartKamino is a token on Solana that you can stake and also use for liquidity to earn bonus rewards on their defi borrow lend program
Solana Weekly Chart is identical to Kamino
Long @ 0.054 - 0.056 range
TP @ 0.075 area
or hodl for $0.09+ and possibly new ATH
KUCOIN:KMNOUSDT
