AAVE increased almost 19% to $ 355 in the last 24 hours, according to Coindesk data, which led to the main cryptocurrencies for a daily profit percentage as investors responded to their recent expansion of suitables and the double comments of the President of the Jerome Powell Federal Reserve.
WHAT IS AAVE AND WHY MATTERS
AAVE is a decentralized financial protocol that allows users to provide cryptocurrencies without intermediaries. Loans are administered by intelligent contracts, with borrowers required to publish collaterals valued above their loans.
Token AAVE supports this system. You can bet to support security and gain rewards, used as a guarantee for loans and subsidies to the government’s government rights. In return, tokenholders obtain benefits of vote power and rates, which makes protocol operations central to the protocol.
Expansion of suitables
On August 21, Aave Labs announced that Aave V3 had been launched in Aptos, its first deployment in a block chain that is not EVM. The developers rewritten the code basis in the movement language, rebuilt the user interface and adapted the protocol for the Virtual APPTAS.
The launch was compatible with audits, a Netnet’s main capture competition and an error reward of $ 500,000. The first market admits assets that include APT, its USDT and USDC, with supply and loan cover that will be gradually collected. Chaos Labs and Call Risk performed risk assessments, and Chainlink provided price food.
The founder and CEO of Aave Labs, Stani Kuchov, described the launch “an incredible milestone”, highlighting the change beyond the EVM chains after five years of exclusivity.
Jackson Hole’s speech from Jerome Powell
The speech of the president of the FED, Jerome Powell, on Friday morning in the symposium of Jackson’s economic policy Hole added impulse. Powell said that the balance of risks between inflation and employment had changed, indicating that interest rate cuts could begin in September.
The markets considered their comments as Dovish, with the data of CME Fedwatch that show expectations for a cut of a quarter in September that increased to 83% from 75% to the beginning of the week. The enequities and cryptographic of the United States have recovered widely since Powell’s speech, with AAVE among the largest engines.
WLFI exposure resurfaces
Another factor that analysts say that they cannot have a total price is Aave’s participation in World Liberty Financial (WLFI). In October 2024, WLFI proposed to launch its own instance AAVE V3 in Ethereum Mainnet. As part of the agreement, Aavedao was assigned 20% of WLFI protocol rates and 7% of their government tokens.
Simon, Delphi Digital analyst, said on Saturday that with the WLFI token ready to start quoting on September 1 with an implicit assessment of $ 27.3 billion, the Aave allocation could be worth around $ 1.9 billion, more than a third of its current valuation of $ 5 billion of $ 5 billion. He argued that this exhibition may be contributing to the demonstration of AAVE, even if investors only review their importance.
TECHNICAL ANALYSIS
- According to the technical analysis data model of Coindesk Research, AAVE registered significant profits during the 24 -hour negotiation period from August 22 at 12:00 UTC to August 23 at 11:00 UTC, rising from $ 297.75 to $ 353.22, an increase of 18.65% that reflects the growing confidence in the platform expansion strategy.
- The digital asset was negotiated within a range of $ 62.11, fluctuating between $ 294.50 and $ 356.60, with the most pronounced price movement that occurs at 14:00 UTC on August 22 when the negotiation volume reached 340,907 units, significantly exceeding the daily average of 102,554 units.
- A sustained purchase pressure was observed during the last hour of the analysis period from 10:49 UTC to 11:48 UTC on August 23, with Aves advancing from $ 349.61 to $ 353.79.
- Negotiation volumes constantly exceed 3,000 units during key price levels at $ 352.55, $ 353.98 and $ 355.52, compared to the average session of 1,647 units, indicating what market participants describe as methodical institutional positioning.
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