Aave

SATS, Aave, Monero, and ORDI soar over 10% after Bitcoin jumps 4%

Published

2 months ago

July 26, 2024

Altcoins SATS, Aave, Monero, and ORDI have all surged over 10% over the past day to rank as the top gainers in the crypto market, as Bitcoin, the leading cryptocurrency by market cap, jumped over 4% in the same timeframe.

SATS

SATS (1000SATS) led the charge among the top gainers on July 26.

At the time of writing, the crypto asset was still up 18.5% in the last 24 hours, trading at $0.00033. SATS’s daily trading volume was also up 18.4%, hovering around $202.6 million.

SATS, Aave, Monero, and ORDI soar over 10% after Bitcoin jumps 4% - 1 — 1000SATS 24-hour price chart | Source: CoinMarketCap

The meme token’s market cap now stands at $695.6 million. However, the token’s value remains 64% below its all-time high of $0.00093, achieved on Dec. 26, 2023.

SATS is a BRC-20 token created to honor Satoshi Nakamoto, the pseudonymous inventor of Bitcoin. The name SATS refers to satoshi, the smallest unit of Bitcoin, equating to 0.00000001 BTC.

Developed by an anonymous team, SATS embodies a lighthearted approach within the cryptocurrency space, highlighting the cultural and historical importance of Bitcoin’s smallest unit.

Aave

Aave (AAVE) saw a 10% increase in price over the past day, trading at $102.6 at press time. In the same time frame, the crypto asset’s daily trading volume hovered around $240.5 million.

Aave’s market cap is $1.52 billion, making it the 55th largest crypto asset. The token is still 84% below its all-time high of $666, reached on May 19, 2021.

Aave is a decentralized finance protocol enabling users to lend and borrow cryptocurrencies and real-world assets without relying on a centralized intermediary.

The platform has its own cryptocurrency, AAVE, which serves as its governance token. Holders of AAVE can vote on Aave’s development proposals and earn staking rewards by locking their tokens into the system. Additionally, Aave issues aTokens to lenders, allowing them to earn interest on their deposits.

Monero

Monero (XMR), a privacy-focused peer-to-peer digital currency, was still up 8.5% in the last 24 hours and was trading at $168.7.

With a market cap of about $3.11 billion, Monero ranks 27th in global cryptocurrency rankings by market cap and has a daily trading volume of approximately $129.5 million at the time of publication.

Monero is a cryptocurrency that focuses on privacy and confidentiality. Unlike most cryptocurrencies that emphasize transparency and security, Monero upholds the principles of anonymity. This sets it apart from well-known transparent blockchains like Bitcoin and Ethereum.

Monero ensures user anonymity through technologies such as ring signatures, stealth addresses, and ring confidential transactions (RingCT). These features make every user on the Monero network anonymous by default, concealing information about the sender, receiver, and transaction amount.

ORDI

Ordi (ORDI) saw an 11.6% increase in price over the past day, trading at $38.5 at press time. In the same timeframe, the crypto asset recorded a trading volume of $165 million.

ORDI’s market cap is $809 million, making it the 83rd largest crypto asset. The token is still 60% below its all-time high of $96, reached on March 5, 2024.

ORDI is a meme coin on the Bitcoin network and the first BRC-20 token created using the Ordinals protocol.

The Ordinals protocol, developed by software engineer Casey Rodarmor, allows data like text, images, audio, and video to be directly inscribed on each satoshi, the smallest unit of Bitcoin. This technology has enabled new uses for non-fungible tokens (NFTs) and other tokens on the Bitcoin blockchain.

ORDI has a fixed supply of 21 million tokens and functions as a fungible and transferable asset within the BRC-20 ecosystem.

Bitcoin leads market recovery with 4% jump

The surge in these altcoins followed Bitcoin’s (BTC) 4.5% rise over the past day, reaching $66,968 on Friday, July 26. Bitcoin’s 24-hour low was $63,506, while its high was $67,338. The world’s oldest and most valuable cryptocurrency recovered from its losses, surpassing the $66,000 mark for the first time this week.

Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), experienced minor fluctuations in gains and losses. The overall Market Fear & Greed Index stood at 59 (Neutral) out of 100, according to CoinMarketCap data.

At the time of writing, the global crypto market cap was $2.39 trillion, reflecting a 24-hour increase of 3.41%.

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Aave

Quickswap (QUICK) Surges as Ethereum DEXs Like Aave Aim for Much Higher in the Coming Weeks

Published

2 weeks ago

September 8, 2024

admin

The Bitcoin and altcoin market is experiencing a downturn, with increasing selling pressure. Bitcoin, the leading crypto, has been balancing within the $56,000 mark, and many altcoins are seeing similar losses. But, interestingly, some tokens are defying the trend and moving in the opposite direction.

Quickswap (QUICK) has recently defied market anticipations, experiencing a 7-day soar of over 19.21%. This Ethereum DEX has been gaining traction and is now one of the top performers in the market.

With these compelling developments, Aave and other Ethereum DEXs are poised for probable growth in the coming weeks, driven by improved ecosystem offerings and enhanced protocols.

DeFi Craze Continues to Drive Quickswap’s Growth

Quickswap’s growth comes from the DeFi boom in the market, where users seek higher yields and lower fees.

As the backbone of the DragonFi ecosystem, Quickswap has led the adoption of a new Chain Development Kit (CDK). It provides fast liquidity, farming, and asset staking with minimal gas fees.

The platform’s new trading feature and Binance listing have boosted its market presence, with the QUICK token soaring from $38.21 to a peak of $46.13. Despite market downturns, QUICK remains strong at $43.72, with trading volume up by 238%, showcasing robust investor and trader interest.

Aave’s Ambitious Roadmap: What Lies Ahead

Despite the current market turmoil, Aave is capturing investor interest with a fresh approach to market dynamics. Its price has surged 23.94% this past month, highlighting its potential. To maintain this momentum, Aave’s ambitious roadmap includes increased borrowing capacity and better protocol integrations.

These changes aim to enhance accessibility for Ethereum DEXs and user-friendliness for new and seasoned traders. As Aave evolves, its strategies could influence broader market dynamics, potentially impacting other DEXs like RCO Finance.

RCO Finance (RCOF) Riding the Ethereum DEXs Wave

RCO Finance is carving out a niche in the densely populated Ethereum DEX sector, driven by innovative features and a commitment to user empowerment.

Core to RCO Finance’s appeal is the introduction of a groundbreaking AI-powered Robo Advisor that will revolutionize one’s experience in DeFi investment through personalized financial insights and strategies.

Unlike human, financial advisors, the innovative tool processes large flows of market data in real time and makes customized recommendations according to one’s risk profiles and investment objectives. This allows new and professional traders to source their crypto market involvement more confidently and precisely.

Furthermore, RCO Finance stands out by enabling users to diversify their portfolios across various asset classes beyond cryptocurrencies. By investing in derivatives, bonds, commodities, and even foreign exchange (FX), RCOF users can access approximately 150,000 additional asset classes.

Security is another cornerstone of RCO Finance’s platform. This Ethereum DEX has eliminated the need for Know Your Customer (KYC) procedures, ensuring user anonymity while maintaining compliance with regulatory standards.

Additionally, RCO Finance has a brokerage crypto license, further solidifying its commitment to regulatory compliance and user trust.

RCO Finance integrates seamlessly with Fireblocks for asset management, protecting user information and funds. Rigorous security measures, including smart contracts audited by reputable firms like SolidProof, assure the RCOF tokens’ integrity and clarity.

Is RCOF Really Worth the Investment?

The RCOF Ethereum DEX is a comprehensive platform that allows investors to trade and generate passive income through staking, yield farming, DeFi lending, and earning dividends, all powered by crypto AI technology.

Investors can autonomously expand their portfolios with the DEX’s high leverage of up to 1000x and its automated market-making feature.

Emphasizing decentralization, RCOF token holders enjoy voting rights, giving them a voice in future platform developments and decisions.

This decentralized approach fosters a sense of community ownership, aligning users’ interests with the platform’s growth and evolution. Furthermore, a tier-based rewards system encourages active participation, offering benefits such as reduced transaction fees and exclusive perks for token holders.

RCO Finance rides the wave of interest in Ethereum DEXs and is strategically positioned to engage with the DeFi sector’s expansion. The RCOF token presale has attracted significant attention, raising over $1.8 million, with potential returns projected at up to 3,000% for early investors.

With aspirations to mirror the success of platforms like Quickswap (QUICK) and Aave during the upcoming altcoin season, RCO Finance presents an intriguing opportunity for those looking to diversify their portfolios and engage with the dynamic world of Ethereum DEXs.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post Quickswap (QUICK) Surges as Ethereum DEXs Like Aave Aim for Much Higher in the Coming Weeks first appeared on BTC Wires.

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Aave

AAVE jumps 11% fueled by heightened whale activity

Published

2 weeks ago

September 5, 2024

admin

AAVE, the native token of the decentralized lending platform Aave, has recently attracted attention from whales as its price surged by over 11% on Sep. 5.

At the time of writing, Aave (AAVE) had climbed to become the 42nd largest cryptocurrency, up from its 47th position on August 20. The token’s market capitalization exceeded $1.98 billion, marking a more than 4% increase in the past 24 hours.

According to price data from crypto.news, AAVE was trading at $132.95, rising from its weekly low of $116.13 reached just the day before. The token has seen a significant 60% increase over the last 30 days. Despite this recent rally, AAVE remains 80% below its all-time high of $661.69, achieved in May 2021.

The latest surge in AAVE has been largely driven by a major jump in whale activity. On Sep. 5, Lookonchain reported that two whales acquired around $2.2 million worth of AAVE within a span of less than three hours.

Moreover, the previous day, another whale purchased a substantial 50,604 AAVE tokens, valued at approximately $6.78 million, with an average price of $134.60 per token. This brought their total holdings to 125,605 AAVE tokens, valued at about $16.9 million at current prices.

AAVE has increasingly gained traction among whales in August, likely due to its solid fundamentals. Data from DeFiLlama shows that Aave holds over $11 billion in assets and has generated more than $281.39 million in fees this year.

Moreover, data from IntoTheBlock reveals that whales controlling over 1% of Aave’s circulating supply now hold 59.17% of the total supply. The high concentration of large holders suggests that AAVE’s price is being influenced by whale activity.

AAVE jumps 11% fueled by heightened whale activity - 1 — AAVE concentration chart | Source: IntoTheBlock

Additionally, there has been a sharp increase in both the inflows and outflows of AAVE among large holders, with inflows rising by 326% and outflows by 353% over the last week. However, the net flow of AAVE among large holders surged by 61% in the same period, indicating strong buying interest that has helped drive the upward momentum in AAVE’s price.

The recent price surge in AAVE also comes after Donald Trump announced his DeFi initiative, World Liberty Financial. This project plans to develop a decentralized financial system using Aave’s non-custodial lending platform and Ethereum’s infrastructure.

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Aave

‘Pains Me to Say It’: Large-Cap Memecoin To Keep Bleeding, According to Crypto Trader – Here Are His Targets

Published

3 weeks ago

August 30, 2024

admin

Largely followed crypto analyst Altcoin Sherpa is warning that more weakness is ahead for one large-cap memecoin.

The pseudonymous trader tells his 221,500 followers on the social media platform X that Dogecoin (DOGE) could depreciate by over 10% from its current level, even after bleeding more than 20% this month.

Sherpa says,

“Pains me to say it but DOGE probably keeps bleeding until the $0.08s. I still think this is probably a decent one for this cycle for passive investors but eh.”

Based on the trader’s chart, he appears to suggest that the key levels to watch on Dogecoin’s potential move down are $0.0998, $0.0855 and $0.0736.

Dogecoin is trading at $0.101 at time of writing.

Altcoin Sherpa also offers his take on Solana (SOL). According to him, Solana could revisit the $190 level over the short term if SOL overcomes a resistance level at around $165.

Says the analyst,

“A break of $165 would mean price probably goes to $190 in the short term. I still think $120 – $150 is a good place to accumulate SOL personally.”

Solana is trading at $145 at time of writing.

Next up is the native token of decentralized finance (DeFi) platform Aave (AAVE). Sherpa says that he sees AAVE falling by at least 12% from its current level.

“AAVE had a decent bounce but I think that it’s still going to go to around $110 at a minimum. Would be patient. I’m not bidding DeFi until it has a sustained trend/move.”

AAVE is trading at $125 at time of writing.

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