Aave’s expansion plans may soon push into the BNB smart chain if this latest proposal is passed. AAVE bulls regain confidence following the proposal announcement. Aave is looking to expand the accessibility of the third version of its lending and borrowing protocol. The network revealed this through a recently announced proposal that it had plans […]
More notably, the bulls pushed the price by over 4% in the last 24 hours, suggesting a confidence boost courtesy of the proposal announcement.Furthermore, AAVE’s Relative Strength Index indicated that the price recently crossed above the mid-level, suggesting an increase in relative strength. While this outcome may point to more confidence among investors, the weighted sentiment did offer more clarity with its latest uptick.
The surge on 3 April was accompanied by a resurgence of daily active addresses back above end of March levels.But what about the state of profitability and sell pressure? Well, AAVE’s mean coin age maintained a steady upward trend for the last seven days. This confirmed that most long-term holders were still holding on to their coins rather than focusing on short-term profits.On the other hand, the realized cap dropped in the last week or so currently at a monthly low.
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