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<p>Grayscale Investments has announced the launch of a new investment product, the Grayscale Aave Trust, which gives accredited investors direct exposure to the <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">Aave platform’s native token, AAVE</a>.&nbsp;</p>
<p>Accessible via private placement, the trust seeks to expose Aave without subjecting the token to the difficulties of straight purchase, storage, or security. Grayscale claims that Aave’s market price will determine the trust’s value less expenses and fees.</p>
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   <p lang="en" dir="ltr">We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AAVE</a> Trust, which will be available through private placement.<br><br>Available to eligible accredited investors.<br><br>Read the press release: <a href="https://t.co/cJf6spWdnh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/cJf6spWdnh</a> <a href="https://t.co/YMFftGnSCE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YMFftGnSCE</a></p>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1841826082481438840?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 3, 2024</a>
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<p>Through smart contracts, this new product gives investors a special chance to indirectly access one of the top distributed financial platforms, Aave, which lets borrowing and lending possible.</p>
<h2 class="wp-block-heading" id="strong-aave-s-price-and-market-performance-strong"><strong>Aave’s Price and Market Performance</strong></h2>
<p>With a daily trading volume of $313,858,500, <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">AAVE trades at $137.20</a> per statistics from CoinMarketCap at press time.&nbsp;</p>
<p>Over the last day, the token has dropped 4.49%. Grayscale’s choice to create a dedicated trust fund, however, shows hope in Aave’s long-term viability as a DeFi platform even with the price drop.</p>
<p>Operating as a decentralized network, Aave lets users loan and borrow bitcoins free from conventional middlemen.</p>
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<p>Read also: <a href="https://captainaltcoin.com/best-altcoins-to-buy-on-the-dip-which-cryptos-will-skyrocket-in-october/" target="_blank" rel="noopener noreferrer nofollow">Best Altcoins to Buy on The Dip – Which Cryptos Will Skyrocket in October?</a></p>
<h2 class="wp-block-heading" id="strong-expert-predicts-reversal-for-aave-strong"><strong>Expert Predicts Reversal for Aave</strong></h2>
<p>Crypto analyst PikaCrypto shared insights on Aave’s market performance, stating that the token is holding a key support level. According to PikaCrypto, Aave is expected to experience a reversal in the coming days, signaling a potential price recovery.&nbsp;</p>
<p>The analysis reflects confidence that the current market dip is temporary and that AAVE may bounce back soon. Aave’s performance is worth a watch to see if the predicted reversal occurs, which could lead to an upward price movement.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AAVE</a> still holding this key support very well here.<br><br>Expecting a reversal in the coming days. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/E7ATQITHSH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E7ATQITHSH</a></p>— PikaCrypto (@PikaCrypto5) <a href="https://twitter.com/PikaCrypto5/status/1841791911272624443?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 3, 2024</a>
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<p>Grayscale’s Aave Trust and recent market predictions showcase a strong interest in the future of the Aave token. While Aave’s price has seen a dip, analysts remain optimistic about a recovery, adding to the anticipation around this decentralized finance project.</p>
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<p>The post <a href="https://captainaltcoin.com/grayscale-launches-aave-trust-fund-will-aave-price-rally/" rel="noopener noreferrer nofollow">Grayscale Launches Aave Trust Fund: Will AAVE Price Rally?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Grayscale Launches Aave Trust Fund: Will AAVE Price Rally?

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