Which Altcoins Could Skyrocket Next? Analytics Firm Points To These

The on-chain analytics firm Santiment has pointed out how these three altcoins may be more likely to see price jumps in the coming future. These Altcoins Are Being Heavily Shorted On Binance Right Now In a new post on X, Santiment has discussed about some altcoins that could be worth keeping an eye on because [...]

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Aave (AAVE) Price Analysis for Today, September 11 AAVE Technical Analysis

Aave (AAVE) has drawn significant attention, thanks to its cutting-edge lending protocol and pioneering features. This interest has been further intensified by the recent announcement [...]

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Aave Forms Sell Signal That Led To 27% Average Correction Last 4 Times

An analyst has pointed out how Aave is currently forming a bearish pattern that led to significant drawdowns the last four times it occurred. Aave Is Showing A TD Sequential Sell Signal Right Now In a new post on X, analyst Ali Martinez has discussed about a Tom Demark (TD) Sequential signal that has taken [...]

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Liquidation Alert As High-Risk Loans On Aave Reach $1 Billion Details

According to a report by data analytics company IntoTheBlock, the volume of high-risk loans on the prominent Aave Protocol is reaching high levels as general loan volume in the DeFi space records multi-year highs. This development is believed to stem from investors exploring various investment strategies in a bid to maximize profits in a highly anticipated crypto bull run. Related Reading: Aave Joins Binances BNB Chain Ecosystem Heres How Users Benefit Aaves High-Risk Loans 5% Short Of Liquidation Threshold In its weekly newsletter on June 8, IntoTheBlock highlights that DeFi loans are currently estimated at  $11 billion representing the peak value seen in the last two years. As the largest lending protocol, Aave accounts for over 50% of these figures with its users having borrowed about $6 billion.  Notably, $1 billion of this debt is categorized as high-risk loans which are placed against volatile collateral. Currently, these loans present substantial risk, with the values of their collateral asset within 5% of their set liquidation threshold. For context, the margin call level or liquidation threshold is a predetermined point at which an asset’s value falls to a level where the lender or broker requires the borrower to add more collateral to maintain the loan or position. Failure to meet this requirement may result in the automatic liquidation of such collateral.   When collateral assets hover around this critical threshold as with the high-risk loans on Aave, any minor dip may lead to widespread liquidations. This normally results in the loss of such assets for the borrower. However, in certain conditions where a rapid price decline occurs, the borrower may incur additional losses which may be transferred to their account balance on the lending platform.  Furthermore, liquidations from these high-risk loans may exacerbate market volatility, which may result in more price loss, leading to more liquidations in a downward spiral. In addition, many assets getting liquidated at once can create liquidity crunches which can prevent the Aave protocol from operating smoothly. Related Reading: Curve Founder Michael Egorov Clears Aave Loan, Reduces Total Debt To $42.7 Million AAVE Price Overview Meanwhile, AAVE has declined by 5.30% in the last day after facing serious resistance at the $98.20 price zone. The DeFi token is currently valued at $92.30 after an overall negative performance in the past week resulting in an 11.53% price loss. However, according to price prediction site Coincodex, the general sentiment around AAVE remains positive. The team at Coincodex backs AAVE to make a remarkable comeback hitting a price point of $303.87 in the next one month. Featured image from LinkedIn, chart from Tradingview

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Whale Deposits $21 Million In DeFi Tokens To Binance, Was It Justin Sun?

In the early hours of Monday, a dormant whale moved $21 million worth of 4 DeFi tokens to the crypto exchange Binance. The news received mixed reactions from the community, which worries about an incoming dump amid the recent retrace of the crypto market. Related Reading Whale Deposits $21 Million In DeFi Tokens To Binance [...]

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AAVE Price To $360? Crypto Analyst Identifies Pattern For Bullish Breakout

Despite the recent positive momentum in the market, the AAVE price seems to be back under bearish pressure over the past day. As a result of the dwindling sentiment, the price of AAVE has dropped beneath the psychological $200 level in the last 24 hours. However, a prominent crypto analyst on social media platform X has suggested that the DeFi token wont be down for long. According to the crypto pundit, the AAVE price could begin a new bullish rally, with its sights on the $360 mark. AAVE Price Prediction: Analyst Forecasts 80% Surge Popular crypto trader Ali Martinez took to the X platform to share a video, explaining AAVEs potential path to return to its former price highs in the current cycle. This optimistic prediction is based on a developing broadening formation on a medium-term timeframe of the AAVE price chart. Related Reading: Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds For context, a broadening formation is a price pattern in technical analysis characterized by two diverging trendlines; a rising upper trendline (connecting a series of higher highs) and a falling lower trendline (connecting lower lows). This pattern is often associated with a period of increasing price volatility (or significant price action). Typically, broadening patterns are bearish chart formations for most asset prices, as they are often correlated with rising volatility without a clear indication of the next direction. However, the current formation appears to be bullish and could prove a pivotal turning point for the AAVE price. According to Martinez, the DeFi coin looks primed for a bullish break out of the developing broadening pattern. However, the AAVE price would need to breach the crucial resistance level of around $250 before this bullish breakout can be confirmed. If AAVE successfully closes above this $250 resistance zone, investors could see its price travel to as high as $360 over the next few weeks. This would represent an over 80% surge from the current price point. Can Whales Push AAVE To $250? As of this writing, the price of AAVE is hovering around the $200 mark, reflecting an over 6% decline in the past 24 hours. According to CoinGecko data, the AAVE price is up by 4.3% on the weekly timeframe. While the DeFi coin is far away from the critical $250 mark, the appropriate positive catalysts might be all it needs to cross this level in a few days. One such catalyst that could prove crucial is the rising activity of AAVE whales in recent days. Data from Santiment shows that the AAVE token saw the largest increase in the amount of $100,000 whale transactions over the past week. The number of these large transactions skyrocketed by more than 267% in the highlighted period. Related Reading: This Bitcoin Price Range Could Be The Bulls Final Defense Line, Report Says Featured image from Binance Academy, chart from TradingView

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AAVE Could Have A Not-So-Good Q2 Despite Remarkable Performance In Q1, Details

Aave (AAVE) price could have a not-so-good second quarter despite its remarkable performance during the first quarter. The insight comes after market intelligence platform Messari [...]

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Aave Price Prediction for Today, July 25: AAVE/USD Could Make a Bullish Trend above $75 Level

The Aave price prediction reveals that the AAVE price is likely to cross above the moving averages to continue the bullish movement. Aave Prediction Statistics [...]

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AAVE Price Prediction: Is a New High Coming?

AAVE is a decentralized finance (DeFi) platform built on Ethereum that allows users to earn interest, borrow and lend crypto assets. The token native to [...]

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Aave Price Prediction for Today, January 17: AAVE/USD Touches New Daily High at $91.27

Aave price prediction shows that AAVE kicked off its rally as the coin continues to spike higher to touch the $91.2 resistance. Aave Price Prediction [...]

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Aave Price Prediction for Today, December 28: AAVE/USD Faces the North as Price Touches $58 Level

Aave Price Prediction Statistics Data: Aave price now – $57.23 Aave market cap – $775.7 million Aave circulating supply – 14 million Aave Coinmarketcap ranking [...]

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Aave Price Prediction for Today, November 20: AAVE/USD Clings to the $60 support level

The Aave market takes the $96.8 level as the basis for the bearish trend that hits a brick wall at the $60 price level. The [...]

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How Aave Helped JP Morgan Complete Its First DeFi Transaction

Legacy financial institutions are embracing crypto and decentralized finance (DeFi), and the Ethereum-based protocol Aave is proof. Today, the team behind the protocol announced that banking giant JP Morgan Chase completed its first DeFi transaction. 5/5 @jpmorgan transacting on a public blockchain using Aave smart contracts is a huge milestone for DeFi, and represents a massive step towards bringing traditional financial assets into DeFi, to fully realize the opportunities afforded by smart contract based dApps. — Aave (@AaveAave) November 2, 2022  This represents a major milestone for the sector that continues to see high demand and adoption despite the downside trend in the crypto market. Two years ago, the total value for the DeFi sector, as measured by the total value locked (TVL), was less than $5 billion. Related Reading: Bitcoin Bullish Signal: Whales With 1k-10k BTC Have Been Accumulating In a short period, this metric will increase by over 20-fold, reaching an all-time high of around $170 billion by 2021, according to data from DeFi Llama. Today’s milestone marks a new era for the nascent sector and digital assets. Aave Supports Major JP Morgan Transaction According to the official announcement, JP Morgan leveraged a “modified” version of the Aave protocol. Due to its higher scalability, the project used Ethereum’s second-layer solution, Polygon. The team behind the protocol said: The Aave protocol was utilized by involving the supply and borrowing of tokenized foreign exchange transactions, using SGD tokenized deposits (1st issuance of tokenized deposits by a bank!) issued by J.P. Morgan and JPY tokenized assets issued by SBI Digital Asset Holdings. The transactions are part of the Monetary Authority of Singapore (MAS) led “Project Guardian.” The initiative explores ways to bridge legacy financial institutions with decentralized finances “across a broader range of use cases.” WORLD! J.P. Morgan has executed its 1st *LIVE* trade on public blockchain using DeFi, Tokenized Deposits & Verifiable Credentials, part of @MAS_sg Project Guardian ??????https://t.co/XI212SG4zg Many world 1sts here, & since this is public ? here’s a transparent??on what we did: — Ty Lobban (@TyLobban) November 2, 2022  In addition to JP Morgan, other major banking institutions are participating in the initiative, including DBS Bank, SBI Digital Asset Holding, and the Oliver Wyman Forum. These transactions are the first in a series of pilot tests to explore the potential for DeFi and digital assets to improve the interoperability and efficiency of legacy financial markets. Related Reading: Ripple (XRP) Sits On Key Support; Here Is What Could Happen If $0.45 Fails Project Guardian was announced in May 2022, its objective is to “identify” the key areas where traditional financial institutions and DeFi protocols can collaborate. So far, the initiative has identified pilot programs to “unlock economic value,” the study of regulatory and risk management, developing technology standards, and others as areas of interest. Chief FinTech Officer at MAS, Sopnendu Mohanty, said: The live pilots led by industry participants demonstrate that with the appropriate guardrails in place, digital assets and decentralised finance have the potential to transform capital markets. This is a big step towards enabling more efficient and integrated global financial networks. Project Guardian has deepened MAS’ understanding of the digital asset ecosystem (…).

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Aave Price Prediction for Today, October 24: AAVE Bulls and Bears Face Off at $87.90 Resistance Level

  Yesterday’s AAVE bullish market took the price to exactly the $90 price level before the bearish resistance made the market pull back. As today’s [...]

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Aave Price Prediction for Today, October 24: AAVE/USD Faces Major Correction Below $89.95

The Aave price prediction is currently fighting to trade near the resistance level of $90 as the coin retreats below the upper boundary of the [...]

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AAVE Price Breaks Above $90 Level as Tamadoge Keeps the Uptrend

The Aave price prediction shows that the coin could be ready for the uptrend, and it may fundamentally break above $3000 respectively. Aave Prediction Statistics [...]

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Aave Creates Web 3 Social Media Platform Powered By NFTs To Flip The Switch

Barely a month after his Twitter suspension, Stani Kulechov announced the launch of Lens Protocol to improve upon the offering of social media platforms through Non-fungible tokens (NFTs).

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AAVE Price Surges by 30% as Whales and Sharks Accumulate

The lending protocol’s token is up over 30% on the week following its V3 update.

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21Shares Adds Aave, Chainlink, and Uniswap ETPs on BX Swiss

21Shares listed three new digital asset ETPs, while VanEck launched its first multi-token cryptocurrency fund.

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DeFi Lending Protocol Aave Kicks Off 2022 With The Development Of A Mobile Wallet

Aave is building a mobile wallet in what has been described as the first announcement of the year. The project’s founder stated that the project is on a larger scale than an earlier proposal. The DeFi liquidity protocol has grown by leaps and bounds, allowing investors to earn on deposited collateral. Aave is taking DeFi […]

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