AAVE has some key catalysts in the beginning of August.
First the London Hard Fork will affect AAVE as EIP-1559 will make it cheaper to transact over ERC-20 protcols.
Second, AAVE has an institutional DeFi platform it is rolling out within the next couple of weeks called AAVE Arc:
Aave to launch institutional DeFi platform Aave Arc within weeks
"Aave Arc’s goal is to provide institutional investors who face stringent regulatory requirements with access to such DeFi protocols in a limited capacity. Arc will offer private pools of funds where only participants who pass know-your-customer procedures can enter, on both the lending and borrowing sides."
This is bullish for AAVE as they are seeking to comply with global regulatory concerns and it will most likely receive favorable treatment from regulators to support its use case thereby only increasing its adoption globally.
AAVE and COMP are 2 institutional DeFi darlings and will only grow back to ATHs and beyond as BTC re-enters full on bull mode.
AAVE is currently in a pennant pattern with the previous uptrend being bullish - initial price target is $370.
Please be aware if BTC invalidates, this will consolidate further.
First the London Hard Fork will affect AAVE as EIP-1559 will make it cheaper to transact over ERC-20 protcols.
Second, AAVE has an institutional DeFi platform it is rolling out within the next couple of weeks called AAVE Arc:
Aave to launch institutional DeFi platform Aave Arc within weeks
"Aave Arc’s goal is to provide institutional investors who face stringent regulatory requirements with access to such DeFi protocols in a limited capacity. Arc will offer private pools of funds where only participants who pass know-your-customer procedures can enter, on both the lending and borrowing sides."
This is bullish for AAVE as they are seeking to comply with global regulatory concerns and it will most likely receive favorable treatment from regulators to support its use case thereby only increasing its adoption globally.
AAVE and COMP are 2 institutional DeFi darlings and will only grow back to ATHs and beyond as BTC re-enters full on bull mode.
AAVE is currently in a pennant pattern with the previous uptrend being bullish - initial price target is $370.
Please be aware if BTC invalidates, this will consolidate further.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.