AAVE Crypto Price Prediction 2023 - Altseason Coming Soon?

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AAVE was one of the greatest gainers among the top 50 largest cryptocurrencies over the past week, as its price increased by more than 25%. Whale took out thousands of ETH to buy AAVE, but recently, the renowned whale sent impact through the market by transferring 38,000 AAVE coins.

Whale Accumulates $31.8 Million Worth AAVE

On June 25, AAVE’s price unexpectedly increased by 30%, which appears to be connected to the whale “0x5a80”. According to the tweet from Lookonchain, a specific whale amassed $13.2 million AAVE. The price chart movement was significantly influenced by this activity.

The post said that 2,096 ETH, which is worth $4 million, had been taken out of the Binance cryptocurrency exchange. Shortly after that, the whale used 500 Ethereum, or about $960,000, to buy 184,664 of Uniswap (UNI) tokens at a price of $5.2 each.

Note that whale"0x5a80" transferred 38,000 $AAVE ($2.46M) out 30 mins ago.

The 38,000 $AAVE is being transferred to exchanges through multiple addresses.https://t.co/5QXEwc7nC6 pic.twitter.com/XKe0B0y0NE

— Lookonchain (@lookonchain) June 26, 2023

The whale also spent 862 Ethereum, or about $1.65 million, to buy 24,252 Aave (AAVE) tokens for $68.25 each. Whale currently possesses 474,579 AAVE ($31.8M) in the last 24 hours. AAVE’s price began to decline after the whale stopped accumulating. Note that whale”0x5a80″ sent 38,000 AAVE ($2.46M) to exchanges via multiple addresses.

See our guide to the best altcoins to buy now here.

Aave Brief Overview

Aave is a decentralized lending system that is open-source and built on the Ethereum blockchain. The protocol creates a market where users may borrow a variety of cryptocurrencies and earn interest on their deposits. Currently, Aave supports lending and borrowing for 22 different ERC-20 tokens.

Along with lending, the protocol also supports other less common use-cases like exchanging liquidity pool tokens and flash loans. With an Initial Coin Offering (ICO) and its own LEND token, it was first introduced in 2017 under the name ETHlend.

But as their platform initially struggled to find traction, they changed its name to Aave in 2018. Aave began converting LEND tokens into AAVE tokens in October 2020. Aave had a remarkable 2020 and grew to be one of the most popular DeFi protocols.

AAVE Price Prediction

As of today, June 26th, Aave price is $63.9 with a 24-hour trading volume of $755.50 million, and market cap of $919.56 million. The AAVE price decreased -7.05% in the last 24 hours. Aave reached its highest price on May 18, 2021 when it was trading at its all-time high of $664.97.

The price of AAVE went from a high of $76.13 to a low of $63.71 in 30 days. Market capitalization dropped by 12.79% to $922 million during the correction, while 24-hour trading volume plummeted by 56.69% to $194 million.

The Aave is anticipated to decline by -3.30% and hit $62.99 by July 2, 2023, according to technical indicators. Aave has support levels at $58.57, $48.17, and $39.40, with the strongest level being based on today’s classical pivot point of $67.34. The same goes for the Aave resistance levels, which are $77.73, $86.50, and $96.90.

Find the full AAVE crypto price prediction in the video above, follow his YouTube channel for more crypto-related videos. Jacob Crypto Bury also runs a Discord channel with 14,000 members.

AAVE Alternative

Due to a significant whale transaction that resulted in panic selling, the AAVE market saw a severe price decline. It is preferable to look for an alternative that is less expensive and has a greater upside potential.

Wall Street Memes (WSM), a distinctive meme coin, has surpassed the $10 million presale investment mark, representing a significant milestone. This emerging cryptocurrency is quickly establishing itself as the future king of meme coins and garnering popularity among early-stage investors.

The recent comeback of the cryptocurrency industry has been heavily supported by meme currencies. Since the Pepe-the-frog meme coin initiative, a perspective shift has spread. The meme currency craze has been caught by storm by Wall Street Memes, which has carried the flame and taken it to new levels.

99% of trading accounts on Twitter pic.twitter.com/vrb976fkE7

— Wall Street Memes (@wallstmemes) June 25, 2023

This innovative project, which was just introduced a month ago, has exceeded $10 million in its presale, marking an incredible milestone. The project’s broad community support is the key to its amazing success. With more than 1 million members of the community, including well-known backers like Elon Musk, the project has a solid base.

Wall Street Memes stands out due to its presence in the meme coin fever and the motivational background to its development. The initiative is a spinoff of the WallStreetBets reddit community, which sparked the 2021 GameStop revolution. See our guide to the best meme coins to buy here.

The Wall Street Memes project has created a token for the event, in which individual investors and big investors bought up shares of struggling companies. Wall Street Memes now seek to offer a means for everyone to profit from what may otherwise seem to be useless coins.

Wall Street Memes, which has received over 400 million impressions, provides a limitless collection of financial memes that cryptocurrency investors can use. With a large audience and pro-crypto entrepreneurs like Elon Musk, a lot of individuals view Wall Street Memes as a crypto asset to keep an eye on. Take part in the WSM presale at wallstmemes.com.