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Aave

AAVE (Aave) Token Analysis 30/04/2021Fundamental Analysis: Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!) AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol. Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol. The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction. Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future. Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake. Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum — and his project was built before decentralized finance even existed. Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending. According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community. Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees. An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project. AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort. In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.) The live Aave price today is $436.70 USD with a 24-hour trading volume of $589,636,972 USD. Aave is down 3.64% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $5,453,541,942 USD. It has a circulating supply of 12,488,046 AAVE coins and a max. supply of 16,000,000 AAVE coins. Technical Analysis: The Token has Done its Initialization and Accumulation and currently Range bounding after some Distribution. There are total of 3 Targets Defined by Fibonacci Projection of the Initial Impulsive cycle. 3 TP gets confirmed as the Price Triggers the 2 TP which is the 161.8% (Extension) Level of the Fibonacci Projection followed by some Retracement and Price Correction.
Long
by BitonGroup
16
🤹AAVE- 2021 downtrend near its end?AAVE was in a downtrend pretty much all throughout 2021. The recent pump got rejected at dynamic/static resistances, but the price is now back at important support zone(green), giving us a solid pre-breakout entry: Entry(pre breakout): buy between current price -- 210.0 -- or buy first given pullback once the price breaks above 281.6 (safer entry) Targets: 252.4(short term) 281.6(short term) and then: 341 427 461 487 538 612 668 ---------------- About AAVE: Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!) AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol. Source: coinmarketcap
Long
by V0VOLAN
1
Long AAVEUSD - A validation of the bullrun towards $430First and foremost this is my own hypothesis and in no way suggests a buy or sell advice. We reached a low marking the end of our phase 2 correction around $153, which formed the ABC sub-waves (purple) in a Zig-zag pattern. We then traced the phase 3 of our impulse which is waiting for us to cross MM200 which has become an important resistance as well as our Kumo. Finally, we need to cross the $430 mark to validate the Elliott wave impulsive structure and take off towards our next objective of this wave 3. To conclude we have two main objectives before the validation of the bullrun : The first one is located on the MM200 and close to the Kumo around 300$. The second is located around $430 corresponding to the old highs to recover. Let's give AAVE time to validate this analysis. If you agree with this scenario let me know with a like. Otherwise let me know your point of view with a comment!
BINANCE:AAVEUSDLong
by MelvinGst
🔥 AAVE Bullish Wedge Break Out IncomingAround 10 days ago I made an analysis on AAVE and the potential break out of the bullish wedge. As expected, the top of the wedge offered significant resistance. We had to cool off a little before the bulls tried their luck again. This time, however, it seems that the bulls are taking the overhand and are attempting a break out of the bullish wedge pattern. Assuming we can close the day above ~$280, I'm expecting further upside for this token. Be aware that any bearish move from BTC can cause AAVE to fall back within the channel. Targets placed at recent tops and round numbers. Happy trading!
Long
by FieryTrading
6
AAVE- 310$ Or Higher AAVE has offered us a nice profit during a difficult period. With the market being stagnant and mostly sideways and with fears of a more generalized correction over our heads, we definitely appreciate such charts like AAVE. Technically we had a nice breakout with a 4x previous support action : We did well for buying this and we expect 300-310$ for taking profits. Hope you like our chart for AAVE as much as we like the news: - The founder of Aave has revealed that the Defi protocol is going to build a mobile wallet this year. (awesome!) - Aave Connects With Traditional Finance Ecosystem Via Centrifuge Partnership More opportunities, more user empowerment. Go AAVE! the FXPROFESSOR
Long
by FX_Professor