- Aave has done better than Defi -Tokens, with its value almost tripled in the past year.
- Aave experiences Sentiments in the short term despite the profit on the past day.
In the past year, a [AAVE] has undergone exceptional growth on its price charts. During the past year, Aave was enriched from a local low of $ 94 and has succeeded in reaching a local highlight of $ 400 before a return.
Aave currently acted at $ 250, which marked an increase in the annual graphs by 177%. Likewise, market capitalization at the time of the press is from $ 1.4 billion to $ 3.7 billion.
Source: Intotheblock
With these strengths in the past year, Aave has become the most performing Defi -Token according to Intotheblock. Its value has almost tripled and surpasses other Defi tokens with more than $ 1 billion in market capitalization.
This means that Aave has performed better than tokens such as Uniswap [UNI]which grew by 29% on annual graphs, while others like Lido Dao [LDO] have fallen by 39%.
This persistent growth reflects the growing acceptance of the protocol and the strong confidence of investors in the network.
What this means for a price card
With a continuous growth of the past year, it positions the Altcoin for further growth in the future.
Source: Santiment
In the short term, however, Aave experienced strong bearish sentiments. This short -term preparation is proven by the falling ratio of the daily transaction volume on the chain from profit to loss, which has fallen to 0.22.
This means that for every $ 1 transaction, only $ 0.22 is performed with a win, with more than $ 0.88 in the event of loss. Such a market trend means that investors sell with a loss because fear dominates the market.
So, weaker hands leave the market because they have no faith in it.
Source: Intotheblock
Moreover, whales are also used to selling. The Netflow of the Great Holder has fallen over the past four days to negative territory from 2.7k to -28.31k, which implies that there was a huge capital outflow of whales.
Such behavior suggested that whales now sold, which reflects a lack of market confidence.
Source: Santiment
Finally, Aave long -term holders have also seen their profit margins. This has resulted in reduced market confidence in long -term holders, as evidenced by the decrease in MVRV long/short difference.
When holders in the long term lose confidence and start selling, this results in a higher sales pressure.
In conclusion, the continuous growth of Aave suggests that the Altcoin still has more room for growth. Although bearish sentiments are strong, it only seems to be for the short term and the upward trend will return.
If these bearish hold sentiments, Aave can fall to $ 234. However, if the profit on the daily cards retains, the Altcoin will reclaim $ 261.