Aave

Shiba

Defi

Read

Shiba Inu

The number of Aave holders has been decreasing over the past week while the token emerges as the top gainer in the mentioned timeframe. 
Aave is up by 5% in the past 24 hours and is trading at $102.2 at the time of writing — a level last seen in late May. 
The asset gained 25.3% over the last seven days as the crypto market gained upward momentum. Its market cap currently stands at $1.52 billion, making it the 53rd-largest cryptocurrency. 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14284691"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/Aave-on-Ethereum-AAVE-14.21.03-14-Jul-2024-1024x347.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="347" src="https://crypto.news/app/uploads/2024/07/Aave-on-Ethereum-AAVE-14.21.03-14-Jul-2024-1024x347.png" alt="Aave rallies 25% in 7 days, 5% in past 24 hours despite fewer holders - 27"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Aave price, RSI, open interest and amount of holders – July 14 | Source: Santiment
 </figcaption>
</figure> 
<h3 class="wp-block-heading" id="aave-rsi">Aave RSI </h3> 
The asset’s price rally comes as the <a href="https://crypto.news/learn/crypto-lending-defi/">lending</a> decentralized finance (<a href="https://crypto.news/learn/defi-risks-explained/">defi</a>) protocol’s TVL <a href="https://defillama.com/protocol/aave#information" target="_blank" rel="">increased</a> by 7.5% over the past week, reaching $12.3 billion. 
Defi Llama’s data shows that the platform accumulated $5.38 million in fees and generated over $862,600 in revenue in the same timeframe. 
 You might also like: <a href="https://crypto.news/meme-coins-bounce-back-shiba-inu-leads-market-surge-with-6-4-gain/"> Meme coins bounce back: Shiba Inu leads market surge with 6.4% gain </a> 
Per Santiment, the total number of Aave holders decreased from 168,340 to 167,900 unique addresses in the past seven days.&nbsp; 
On the other hand, data from the market intelligence platform shows that the Aave total open interest rallied from $31 million on July 7 to $55 million at the reporting time. At this point, high price volatility would be expected for the asset due to potential whale movements and increased liquidations.&nbsp; 
Meanwhile, the <a href="https://crypto.news/aptos-foundation-proposes-deploying-aave-v3-on-aptos-mainnet/">Aave</a> Relative Strength Index (RSI) has been consistently rising over the past week — surging from 38 to 63. The indicator shows that the token is slightly overbought and short-term profit-taking is normal in these conditions.&nbsp; 
For Aave to remain in the bullish zone, its RSI would need to cool down below the 50 mark. 
 Read more: <a href="https://crypto.news/bitcoin-etfs-renewed-interest-inflows-surpass-310m/"> Record inflows for Bitcoin ETFs as market sees renewed interest </a>

Aave rallies 25% in 7 days, 5% in past 24 hours despite fewer holders

目录

crypto.news

发布于 2024年7月14日的其他文章

Cardano (ADA) Price Set to Lose Part of Its 27% Gains

XRP Price Jumps 22% After $100 Million Inflows: What’s Next?

Next Cryptocurrency to Explode Sunday, July 14 — MAGA, Aerodrome Finance, Mog Coin, Bittensor

Time’s Up for VeChain and Algorand as MoonBag’s Scalability Continues to Attract Investors Like a...

Bitcoin Price Surges to 10-Day High

XRP’s Potential ETF Prospects Hinge on SEC’s Ripple Case Outcome

订阅我们免费的电子期刊，获取每日最新加密领域动态！