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Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise

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2 months ago

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Shiba Inu (SHIB) whales trust the meme coin’s potential as exchange withdrawals spike. Meanwhile, RCO Finance (RCOF) and Aave (AAVE) show bullish price movements. We will examine the effect of SHIB holders’ actions on RCOF and SHIB and how crypto enthusiasts can benefit from potential gains.

Shiba Inu Whales Withdraw 653 Billion SHIB From Exchanges

On the first day of August 2024, over 653 billion SHIB were withdrawn from top crypto exchanges. This was the most withdrawals in one day since 1 trillion tokens on July 19th. Actions like this suggest a strong bullish sentiment concerning SHIB among investors. They are holding the token because they believe prices will rise soon. 

Consequently, their actions could create scarcity, pushing SHIB’s price up. However, general market sentiment would have to remain positive for this price appreciation. 

However, this has yet to be the case. A massive BTC slump has seen SHIB plummet in the short term, losing 31.6% in one week. Analysts say investors’ confidence in SHIB shows that it could still rise to $0.000059. 

RCO Finance Is Set For Massive Presale Pump

Large investor confidence in SHIB has spurred interest in RCO Finance. RCO Finance is running its presale and has seen a spike in RCOF token sales over the past two weeks, helping the protocol raise $1.3 million in Stage 1 of the presale.  

The presale is in Stage 2, and RCOF is sold for $0.0343. Stage 1 investors have already made a 169% gain, and Stage 2 investors will earn an impressive 1,066% profit when the token launches at $0.40. 

However, RCO Finance offers much more than presale gains. It is primarily an AI-powered decentralized trading platform that allows traders to directly trade RWAs, such as stocks, bonds, and commodities, without going through brokers. They will also be able to trade these assets with their crypto assets. Furthermore, the platform offers low fees, up to 50x leverage, and full control of your trading activities. 

RCO Finance’s AI robo advisor works with the trading platform to improve the trading experience. This feature utilizes mathematical models to provide data-driven trading insights. These insights help traders invest in the right asset at the right time. 

Finally, the no-KYC policy protects users’ privacy and anonymity, while audited smart contracts ensure reliable and secure transactions. 

Whale Interest Increases As AAVE Gains 11.8% In 30 Days

A report showed that whale activity on AAVE has spiked in recent weeks. Lookonchain data showed that whales accumulated 58,848 AAVE worth $6.47 million in two days. 

Analysts say the whales were attracted by AAVE’s 11.8% pump over the past month. This rise was triggered by a new feature called “fee switch.” The “ fee switch” will share the Aave protocol’s $60 million annual revenue with token holders. As predicted, this update increased the value proposition of holding AAVE, attracting many more holders and investors. 

Analysts say the reduced supply caused by whale accumulation could push AAVE to $300 by the end of 2024. 

Buy RCOF To Enjoy Multiple Earning Streams

RCOF is RCO Finance’s native token. It has a total supply of 800 million, with 50% allocated to public sale. The remaining tokens are shared between ecosystem development, liquidity/market-making, marketing, private sales, the team, advisors, and ecosystem rewards. 

The token is sold for $0.0343, which is Stage 2 of the presale. Stage 2 participants will earn a massive 1,066% profit when the token launches at $0.40. This is one of the earning opportunities RCO Finance offers. 

 Token holders can also earn by staking their tokens to earn rewards. They can also lend their tokens and earn interest. Furthermore, RCOF holders can use their tokens to provide liquidity for the various trading pairs and earn rewards. Additionally, token holders will get a share of the platform’s revenues as dividends. 

Finally, you can enjoy these multiple income streams by purchasing RCOF in the ongoing presale. 

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise first appeared on BTC Wires.



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AAVE Price Eyes $200 Push as Buyers Conclude Two-Year Accumulation

Published

2 weeks ago

on

September 22, 2024

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The AAVE price surged 3% during the Sunday training session, defying the low volatility momentum in the broader crypto market. This high-momentum rally pushed the asset to a peak of $162.5, a level not seen since May 2022. This movement indicates a significant breakout from the two-year accumulation phase, signaling the potential rally to $200.

AAVE Price Gears Up for $200 Surge After Two Years of Accumulation

Defying the ongoing consolidation trend in crypto markets, the AAVE price showcased a sustained recovery since July 2024 with new higher-high and higher-low formations in the daily chart. The bullish upswing uplifted the asset from $71 to $158, registering a growth of 123%. Consecutively, the market cap surged to $2.364 billion.

With an intraday gain of 5%, the AAVE price surged to $162.46 high, a level last recorded on May 5th, 2022. This upswing signals the end of a two-year accumulation trend, also highlighted by the founder of DefianceCapital, Arthur. According to his tweet, this breakout could signal a potential all-time high (ATH) reclaim, marking a significant moment in the ongoing DeFi resurgence. 

If the daily candle closes above $153, the buyers could drive a 25% upswing to challenge the $200 resistance, followed by an extended rally to $260.

A positive alignment between the daily Exponential moving average (20, 50, 100, and 200) indicates a high momentum in action. 

AAVE PriceAAVE Price
AAVE/USDT -1d Chart

According to Santiment data, the percentage of AAVE held by top addresses has steadily climbed to 55%. While a high value may signal centralization risk, it also indicates an accumulation trend among large holders and their confidence in future trends.

Moreover, the relatively low supply of AAVE on exchanges suggests reduced selling pressure, which is often a bullish signal, as fewer tokens are available for immediate sale.

AAVEAAVE
Santiment

On the contrary, if the AAVE price fails to sustain the $153 resistance breakout, the sellers could drive a bearish pullback to 20-or-50-day EMA.

Frequently Asked Questions (FAQs)

Yes, AAVE has broken out of a two-year accumulation phase, reaching a high of $162.5. If the price sustains above the key $153 resistance level, a potential 25% rally toward $200 is likely.

The postive alignment of the 20-50-100-and-200-day Exponential Moving Averages (EMAs) indicates strong bullish momentum

If AAVE price fails to sustain the $153 breakout, sellers could trigger a bearish pullback

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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

Published

4 weeks ago

on

September 8, 2024

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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 jumps 11% fueled by heightened whale activity

Published

1 month ago

on

September 5, 2024

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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.

Gabriel Shapiro, a legal adviser for the initiative, explained that it will function as a “lightweight non-custodial feeder” into Aave, enabling users to make deposits without the need for creating a fork. The venture aims to introduce Trump supporters to DeFi, which has bolstered confidence in Aave’s potential for mainstream adoption and spurred speculative buying.

Major liquidation levels

Currently, key liquidation levels are around $130.2 on the lower end and $139.8 on the upper end, with intraday traders highly leveraged at these points, according to on-chain analytics firm Coinglass.

AAVE jumps 11% fueled by heightened whale activity - 2
Source: CoinGlass

If market sentiment shifts and AAVE’s price drops to $130, nearly $1.78 million in long positions could be liquidated. On the other hand, if sentiment improves and the price climbs to $139.8, about $5.04 million in short positions may face liquidation.

At press time, data indicated that bears were in control, with the potential to trigger liquidations of long positions at lower levels.



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