AAVE Smashes 3-Year Record with Crypto Whales-Led Token Revival

BE[IN]CRYPTO2024-12-13

Large-scale buying by crypto whales has driven AAVE’s price to $350, its highest level since 2021. Falling Mean Dollar Invested Age suggests increased token circulation, supporting bullish momentum. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491356448?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2024/05/bic_AAVE-covers_positive-850x478.png","is_english":true,"pubTime":"2024-12-13 03:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491356448","market":"us","top_or_hot":-1,"title":"AAVE Smashes 3-Year Record with Crypto Whales-Led Token Revival","media":"BE[IN]CRYPTO","content":"<div>\n<p>Large-scale buying by crypto whales has driven AAVE’s price to $350, its highest level since 2021.\nFalling Mean Dollar Invested Age suggests increased token circulation, supporting bullish momentum.\n...</p>\n\n<a href=\"https://beincrypto.com/aave-whale-accumulation-leads-revival/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AAVE Smashes 3-Year Record with Crypto Whales-Led Token Revival</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAAVE Smashes 3-Year Record with Crypto Whales-Led Token Revival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 03:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/aave-whale-accumulation-leads-revival/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Large-scale buying by crypto whales has driven AAVE’s price to $350, its highest level since 2021.\nFalling Mean Dollar Invested Age suggests increased token circulation, supporting bullish momentum.\n...</p>\n\n<a href=\"https://beincrypto.com/aave-whale-accumulation-leads-revival/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://beincrypto.com/aave-whale-accumulation-leads-revival/","article_id":"2491356448","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/05/bic_AAVE-covers_positive-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491356448","pubTimestamp":1734031800,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Large-scale buying by crypto whales has driven AAVE’s price to $350, its highest level since 2021.Falling Mean Dollar Invested Age suggests increased token circulation, supporting bullish momentum.AAVE could rally to $420 if whale activity persists, but a slowdown might push the price back to $260.Aave  price has surged to its highest level since September 2021, following a 30% increase in the last 24 hours. The decentralized finance  token has seen a sharp spike in activity, with AAVE whale accumulation injecting fresh liquidity into the cryptocurrency.Can AAVE sustain this momentum as the DeFi market regains traction?Aave Stakeholders Bring Dormant Tokens Back to Life. At the start of the year, AAVE traded below $100. However, with a nearly 300% surge, the token has skyrocketed to $350, marking its highest level in over three years. This impressive rally has rekindled interest in DeFi tokens, with Curve  notably outperforming other altcoins recently.According to Santiment, the Mean D","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","MDIA":"Mediaco Holding Inc."},"translate_title":"AAVE凭借加密鲸鱼引领的代币复兴打破了三年纪录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIA":1},"content_text":"Large-scale buying by crypto whales has driven AAVE’s price to $350, its highest level since 2021.\nFalling Mean Dollar Invested Age suggests increased token circulation, supporting bullish momentum.\nAAVE could rally to $420 if whale activity persists, but a slowdown might push the price back to $260.\n\nAave (AAVE) price has surged to its highest level since September 2021, following a 30% increase in the last 24 hours. The decentralized finance (DeFi) token has seen a sharp spike in activity, with AAVE whale accumulation injecting fresh liquidity into the cryptocurrency.\nCan AAVE sustain this momentum as the DeFi market regains traction? This on-chain analysis examines the possibility. \nAave Stakeholders Bring Dormant Tokens Back to Life\nAt the start of the year, AAVE traded below $100. However, with a nearly 300% surge, the token has skyrocketed to $350, marking its highest level in over three years. This impressive rally has rekindled interest in DeFi tokens, with Curve (CRV) notably outperforming other altcoins recently.\nAccording to Santiment, the Mean Dollar Invested Age (MDIA) is one reason AAVE’s price has increased. The MDIA measures the average age of all tokens on a blockchain, which is weighted by the average purchase price.\nWhen MDIA rises, it indicates that the majority of cryptocurrency holders are keeping their assets dormant in their wallets, which can hinder price growth. Conversely, a declining MDIA signals that previously stagnant tokens are re-entering circulation, often pointing to increased market activity and potential price acceleration.\nAave Mean Dollar Invested Age. Source: Santiment \nAs seen above, on-chain data shows that AAVE’s MDIA has significantly fallen. If sustained, this could take the altcoin’s price well above $400 if key stakeholders like crypto whales continue to move from lingering dormancy to active trading.\nFurthermore, a look at the AAVE balance of addresses shows that crypto whales have not stopped buying the altcoin. On December 1, the balance held in the wallet of AAVE addresses who own between 1 million and 10 million tokens and $5.14 million.\nToday, the figure has increased to 5.40 million, indicating that crypto whales purchased a total of 260,000 tokens within the last 11 days. \nAave Crypto Whales Balance. Source: Santiment \nAt its current price, the token is worth $92.30 million, indicating significant buying pressure. Should this AAVE whale accumulation, the notion mentioned above that the AAVE’s value could surpass $400 might come to pass.\nAAVE Price Prediction: It’s the Season to Hit $420\nOn the daily chart, AAVE’s price is trading higher than the Ichimoku Cloud position.  The Ichimoku Cloud is a versatile technical indicator that offers traders a clear visualization of support and resistance levels.\nTypically, When a cryptocurrency’s price is above the cloud, it signals strong support for an uptrend. Conversely, if the cloud is above the price, it indicates resistance that could push the price lower.\nAave Daily Analysis. Source: TradingView \nSince it is the former, it means that the value of AAVE could continue climbing with possible targets at $420. However, if whale accumulation slows, this bullish momentum might falter, potentially causing the DeFi token to decline to $260.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\n3Commas","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491356448"}