Aave Price Prediction: Aptos Expansion and Open Interest Point to $300
The post Aave Price Prediction: Aptos Expansion and Open Interest Point to $300 appeared on BitcoinEthereumNews.com. Renewed investor interest in the Aave ecosystem is driving optimism, with many now eyeing the $300 price target. This is mainly driven by Aave’s recent deployment on Aptos, a Layer 1 blockchain designed for secure and scalable dApps. Like Bitcoin (BTC), Aave has recorded a surge in value in the past day. But there’s a difference: Aave has rallied by 18.20% to trade at $262, while Bitcoin has a slightly marginal one. In the past week, Aave has also risen by 19%, pushing its market capitalization by 18.93% to $3.96 billion. The token is also seeing increased interest from investors, with a staggering 65.54% increase in its trading volume to now settle at $800 million. The derivatives data analysis from Coinglass adds to this bullish narrative. The volume of AAVE derivatives has increased by 103.56%, reaching $2.00B, while the open interest, representing the total number of outstanding derivative contracts, has risen by 53.61%, totaling $583.00 million. Also, the long/short ratio sits at 1.0092, indicating that there are slightly more long positions than short positions. This means more people are betting for Aave than against it. Specifically, for every 1 short position, there are approximately 1.0092 long positions, which is another small but solid bullish sign. There’s more. According to DeFiLlama, Aave’s total value locked (TVL) has jumped 40% in the last month, reaching $40.7 billion. That’s a big leap and even puts it ahead of Lido, which sits at $23.3 billion. These positive numbers have led analysts and investors to speculate on its potential to reach the $300 mark. On the other hand, Aptos has not had such a bullish reaction; the token has only had a 2.16% gain in the past day and a 12% slump in the past week. This dip has pushed the price further from its all-time high…
The post Aave Price Prediction: Aptos Expansion and Open Interest Point to $300 appeared on BitcoinEthereumNews.com.
Renewed investor interest in the Aave ecosystem is driving optimism, with many now eyeing the $300 price target. This is mainly driven by Aave’s recent deployment on Aptos, a Layer 1 blockchain designed for secure and scalable dApps. Like Bitcoin (BTC), Aave has recorded a surge in value in the past day. But there’s a difference: Aave has rallied by 18.20% to trade at $262, while Bitcoin has a slightly marginal one. In the past week, Aave has also risen by 19%, pushing its market capitalization by 18.93% to $3.96 billion. The token is also seeing increased interest from investors, with a staggering 65.54% increase in its trading volume to now settle at $800 million. The derivatives data analysis from Coinglass adds to this bullish narrative. The volume of AAVE derivatives has increased by 103.56%, reaching $2.00B, while the open interest, representing the total number of outstanding derivative contracts, has risen by 53.61%, totaling $583.00 million. Also, the long/short ratio sits at 1.0092, indicating that there are slightly more long positions than short positions. This means more people are betting for Aave than against it. Specifically, for every 1 short position, there are approximately 1.0092 long positions, which is another small but solid bullish sign. There’s more. According to DeFiLlama, Aave’s total value locked (TVL) has jumped 40% in the last month, reaching $40.7 billion. That’s a big leap and even puts it ahead of Lido, which sits at $23.3 billion. These positive numbers have led analysts and investors to speculate on its potential to reach the $300 mark. On the other hand, Aptos has not had such a bullish reaction; the token has only had a 2.16% gain in the past day and a 12% slump in the past week. This dip has pushed the price further from its all-time high…
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