AAVE is currently priced at $111.11, with a 24-hour increase of 8.82%. Its trading volume is $502 million, a decrease of 26.67% from the previous day, with a turnover rate of 30.64%, indicating high market activity. Among all cryptocurrencies, AAVE ranks 56 in market value and 29 in AICoin's popularity ranking. Although the current price is far below its all-time high, it has significantly increased compared to its historical low, and the high market activity indicates that investors still have a high level of interest in AAVE.
Historical Highs and Lows
As of now, AAVE's price is $111.11, far below its all-time high of $661.69 (recorded on May 19, 2021). However, compared to its historical low of $26.02 (which occurred on November 5, 2020), the current price has significantly increased.
Technical Analysis
According to AICoin's custom indicators, AAVE's 15-minute RSI and Bollinger Bands have not shown overbought signals, indicating that the current market is not overheated. However, the 4-hour MACD shows a bearish crossover has formed, and the TD count indicates a downtrend has persisted for 5 periods, which may suggest a potential pullback in AAVE's price in the short term.
Market News
Recently, an early AAVE investor turned a $500,000 investment into $13 million, achieving a 25x return. In addition, the whale wallet "0x04e9" has once again accumulated AAVE and MKR. These pieces of information demonstrate AAVE's strong performance and the market's high level of attention. In the future, as more investors recognize the value of AAVE and join in, we have reason to believe that AAVE's market will continue to maintain an upward trend.
Project Introduction
AAVE is a decentralized money market protocol where users can borrow and lend 20 different assets. As the native token, AAVE also serves as a governance token, allowing the community to collectively determine the direction of the protocol.
AAVE is listed on platforms such as Binance, OKX, Bitget, and Bybit, and users can conveniently trade on these platforms through AICoin authorization.
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