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The Aave price surged 21% in the last 24 hours to trade at $210.27 as of 11:27 p.m. EST on trading volume that jumped 90% to $801 million.
This rise in the AAVE price comes after Marc Zeller, the founder of Aave Chan Initiative (ACI), unveiled a proposal for Aave’s tokenomics revamp, which would include a new revenue redistribution model, an “Umbrella” safety system to protect against bank runs, and the creation of the “Aave Finance Committee” (AFC). The proposal has excited the crypto community, with AAVE emerging as the top trending crypto on CoinMarketCap.
After half a decade of hard work, with the ACI, we're proud to present the updated Aavenomics proposal to the Aave DAO.
We consider it the most important proposal in our history, feel free to have a read and provide feedback.
Just Use Aave.https://t.co/nBhr5Q6hQB
— Marc “Billy” Zeller 👻 🦇🔊 (@lemiscate) March 4, 2025
The proposal is part of Aave’s ongoing tokenomics overhaul and is subject to community approval.
Aave Price Analysis Shows Signs Of A Breakout
The AAVE price has been trading within a falling wedge pattern, which is a bullish reversal structure.
The Aave price appears to be breaking above the upper trendline of this wedge, signaling a potential trend change.
Meanwhile, the 50-period Simple Moving Average (SMA) on the 4-hour chart at $198.08 is slightly below the current price, indicating that the price of AAVE has recently gained bullish momentum.
The 200-period SMA at $243.48 is the next significant resistance level. If the price of Aave closes above this, it could confirm a strong uptrend, according to GeckoTerminal data.
The Relative Strength Index (RSI) is at 57.35, which is in neutral-to-bullish territory. This suggests that AAVE has room to move higher before becoming overbought.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming a bullish crossover. The histogram is positive, indicating increasing bullish momentum.
AAVE Price Prediction
Based on the technical analysis, AAVE has the potential for a major breakout rally, with an upside projection of 76%, targeting approximately $360.
However, if the price of Aave fails to hold above key support levels, a retest of lower levels around $180-$190 is possible before a potential recovery.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.
Best Wallet Presale Amasses Over $10.7 Million—Best Crypto To Buy Now?
The BEST token presale is closing on $11 million in funds raised.
Best Wallet is not just another crypto storage solution; it is a next-generation financial tool that integrates multiple functionalities to simplify digital asset management.
At its core, the platform is designed for ease of use, ensuring that both beginners and experienced investors can manage and keep track of their holdings effortlessly.
The wallet supports 60+ blockchains, and also features a built-in DEX, presale aggregator, and crypto debit card.
Its native token, BEST, powers the ecosystem, which is designed to simplify on-chain activities while minimizing security risks, making it a standout app in the competitive crypto wallet space.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects.
It’s establishing a strong track record after already flagging Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Currently, BEST tokens are priced at $0.024225. Buy before a price hike in 35 hours to lock in the best deal.
After purchasing BEST, you can also stake your tokens for a huge 149% annual return.
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Best Wallet - Diversify Your Crypto Portfolio
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