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How far can AAVE and XTZ climb after Robinhood Markets listing?
Trading application Robinhood Markets added support for two new cryptocurrencies on their platform, including Aave (AAVE/USD) and Tezos (XTZ/USD).
Aave is essentially a decentralized finance (DeFi) protocol that allows users the ability to lend cryptocurrencies for interest while also providing them with the opportunity to borrow crypto and real-world assets, forming a decentralized lending system.
Tezos is an open-source platform that is purpose-built to enable the creation of decentralized applications (dApps) as well as other types of assets.
The Robinhood Markets Listing as a catalyst for growthIn the latest crypto news, Robinhood took to Twitter and posted an update on October 24, 2022.
They essentially announced that Aave and Tezos became listed on Robinhood.
What this essentially means is that any user on the platform now has the ability to buy and sell the tokens on the platform.
The announcement also linked to a web page that showcased that the cryptocurrencies are indeed listed.
Both of these projects have native cryptocurrencies, which have a market capitalization of over $1 billion.
The question on investors’ minds is how far these cryptocurrencies can now grow post-listing.
Should you buy Aave (AAVE)?On October 25, 2022, Aave (AAVE) had a value of $82.94.
AAVE/USD Chart by Tradingview.
The all-time high of the AAVE cryptocurrency was on May 18, 2021, at a value of $661.69.
Here we can see that at its all-time high, AAVE was $578.75 higher in value or by 697%.
When we go over the 7-day performance of the cryptocurrency, Aave (AAVE) had its low point of value at $78.60, while its high point of value was at $89.41. Here we can see an increase of $10.81 or 13%.
However, when we take a look at its 24-hour performance, the low point was at $82.83, while the high point was at $88.69. This marked another increase of $5.86 or 7%.
With this in mind, we can expect Aave to reach $90 in value by the end of October, which means that investors might want to buy AAVE.
Should you buy Tezos (XTZ)?On October 25, 2022, Tezos (XTZ) had a value of $1.359.
The all-time high of Tezos (XTZ) was reached on October 4, 2021, when the token climbed to a value of $9.12. Here we can see that at its all-time high, XTZ was $7.761 higher in value or by 571%.
In terms of its 7-day performance, the low point was at $1.30, while the high point was at $1.40. Here we can see an increase of $0.1 or by 8%.
When we go over the 24-hour performance, the low point was at $1.34, while the high point was at $1.39. This marked another increase of $0.05 or by 4%.
With this in mind, at $1.359, investors might want to buy XTZ as it can climb to $1.8 by the end of October 2022.
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