Central Finance (Defi) Altcoin project Aave, an increase of 20 percent during the day. Thus, the market was the most winning token. This increase came after the publication of a new governance proposal to restructuring the toxenomics of the protocol. Your community to this move His positive reaction led to an increase in demand for Aave last day. Crypto analyst Abiodun Oladokun ‘ According to, T If the rend continues, Altcoin can increase its earnings in the short term.
Aave’s Aavenomics proposal led to a 20 %increase!
Aave Chan Initiative (bitter) founder Marc Zeller presented an offer that details the first stage of the application of the Aavenomics update. The proposal, which was approved on August 2024, aims to revise Aave Tokenomics, to redistribute excess income, to remove the old Lend token from use, and to initiate Anti-GHO to improve the incentives for GHO Stablecoin holders.
The new proposal received positive feedback from Aave DAO members and allowed the market to pay attention to the protocol to the Aave token. As a result, Altcoin increased by 20 %during the day and became the most winning of the market. In particular, Aave’s double -digit rally pushed long -term holders to carry their tokens. This was reflected in the increase in the Age-Consuned Metricity, which measures the movement of coins that have been held for a long time. According to centimeter, this metric reached 11.66 million on Tuesday.
AVE consumed age. Source: centimeterThe indicators indicate that sales pressure on Altcoin may increase!
This increase is remarkable because long -term holders do not have the habit of moving their coins. Therefore, it indicates a change in market trends, especially when it does this during periods of price increase. Significant increases in the age criterion consumed during a rally may indicate that long -term holders have disposed of and possibly increase the sales pressure on the entity.
Moreover, on Tuesday, the increase in Aave’s entrance to the stock market confirms this sales activity. According to centimeters, this metric, which measures the amount of assets sent to the stock market, increased by 114 %during the examination period. The increase in an asset at the entrance of the stock market means that a large amount of the asset has been invested in the stock market and often indicates high sales activity. This may cause downward pressure on the price of Altcoin to lose its recent earnings.
Aave stock market entry. Source: centimeterAave Price Estimation: Will Altcoin Bulls Win?
Aave is traded at $ 211.45, just above the support of $ 199,80 during the article. If sales persist, bulls may have difficulty defending this level of support. Exceeding this level may cause the price to decline to $ 145.42, the lowest level it reached on November 2024. On the other hand, if the current rise trend continues and new demand for Aave is strengthened, the price may rise up to $ 238.
Aave Price Analysis. Source: TradingViewThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
