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Bitcoin (BITCOIN)
$100,722 4.07%
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Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
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solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
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shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
bitcoin
Bitcoin (BITCOIN)
$100,722 4.07%
ethereum
Ethereum (ETHEREUM)
$2,046 12.73%
binancecoin
BNB (BINANCECOIN)
$620.93 3.50%
solana
Solana (SOLANA)
$160.00 9.95%
ripple
XRP (RIPPLE)
$2.24 5.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 9.78%
pepe
Pepe (PEPE)
$0.000010 22.47%
bonk
Bonk (BONK)
$0.000019 16.27%
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Aave Price Prediction – Why Aave Could Rally to $300 Soon

Highlights:

  • Aave rebounds alongside the broader market
  • Rally driven by market rebound and strong Aave fundamentals
  • The strong rally could push Aave to $300 or higher soon

Aave (AAVE) is performing well during the latest cryptocurrency market rebound and has risen by 28% to $223.20. Aave’s price increase has also brought a substantial spike in intraday trading volume to $778 million, representing a 127% increase. Multiple factors are contributing to Aave’s price action.

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Crypto Market Rebound Pushing Aave Higher

One of the key factors driving Aave’s price action is the overall cryptocurrency market price action. The cryptocurrency market is in a strong rebound today, with total market capitalization surging 7.27% to $2.97 trillion. Major cryptocurrencies like Bitcoin and Ethereum are gaining, indicating positive investor sentiment. Aave, however, is outpacing the market-wide growth, likely due to a newly proposed tokenomics overhaul.

Aave Tokenomics Overhaul Proposal Drives Momentum

The proposal by Marc Zeller, Aave Chan Initiative (ACI) founder, advances the Aave ecosystem governance token (AAVE) purposes. As outlined on March 4th, Aave’s proposal contemplates restructuring the tokenomics of Aave’s system with several overarching changes that include a new revenue redistribution model, an “Umbrella” safety net system to shield users from diminutive users’ financial system, and the Aave Finance Committee (AFC).

Aave’s Umbrella system aims to protect users against bad debt with a cap of “billions” in losses. It will also ensure that liquidity, which is already locked in the protocol, is only released after a “cooldown maturity” period that does not exceed the “reduced bank run,” enabling Aave to stabilize its finances.

Zeller has referred to this as “the most important proposal” in Aave’s history literally by saying that it could transform the protocol’s finances, referring to it as a reconfiguration of Aave’s finance infrastructure on Ethereum. While it has not yet passed the governance vote, it has generated a lot of debate and excitement in the Aave ecosystem.

Token Buyback Plan Could Drive Aave Price Higher

Furthermore, Zeller has also put forth a token buyback and redistribution plan to increase confidence in relation to AAVE’s market position. In this case, the premise is that the AFC has the right to perform AAVE buybacks to the tune of $1 million per week for the first 6 months of the mandate. Additionally, buybacks will be made from the Aave treasury funds in a way that increases the demand for AAVE while ensuring ecosystem sustainability. 

The DeFi Sector is experiencing Significant Growth

Aave’s positive price movement is also linked to the exponential growth in DeFi. According to DefiLlama, the TVL of DeFi lending protocols is now sitting at $39.5 billion, a significant increase from $10.6 billion at the end of last year. Aave continues to lead as the DeFi lending platform with $17.5 billion in TVL across 14 blockchains and $8.3 million in fees paid.

Technical Analysis – Aave Price in Sharp Recovery as Bulls Rally

Aave is in the green today, sustaining the momentum it built up yesterday. However, bulls appear to be facing some resistance at the March 3 high of $223.23. If bulls push the price through the $223.23 high, then a rally to prices as high as $300 could follow. Conversely, if bulls fail at $223.23, a correction could follow.

AAVE Price
Source: TradingView

Such a correction could put the $167.73 in focus. A drop through the $223.23 support could see Aave drop to prices below $150. Of these two scenarios, the odds of a bull rally are higher, especially after the big news that has come out of the Aave ecosystem.

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