Aave is a decentralized finance (DeFi) protocol that allows users to borrow and lend cryptocurrencies, including so-called flash loans. Flash loans are the first uncollateralized loan option in the DeFi space. Aave runs on the Ethereum blockchain and is one of the biggest DeFi platforms. Aave is an open-source protocol that uses two tokens. The first type are called aTokens. These are given to lenders so they can receive interest on their deposits. AAVE tokens are the native token of Aave protocol. AAVE performs several functions being both a governance token and an exchange token that gives users discounts on fees within the Aave protocol. AAVE coins are based on the ERC-20 standard. AAVE is designed to be used on the Aave platform and can provide several benefits to its holders.
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You can buy Aave by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Aave is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
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JUST IN:
🇺🇸 SEC launches new crypto task force to develop "comprehensive and clear regulatory framework for crypto assets."
Finally! Great for $BTC and the overall crypto market. 🚀🚀
$AAVE continues to be our best performer and looks like it could once again dethrone $XRP to become our biggest portfolio asset.
Allts look still very strong and $BTC is holding 100k more and more as a support. Fresh new ATH's around the corner.
We expect the relative strong ones of previous bulls to outperform once more. $AAVE could break out into new ATH's as well en 1000usd is far from impossible in a strong upleg.
$SOL made a double top around its previous ATH. Once it breaks higher, we will be at 500 usd fast.
$INJ could easyly reach 100usd in an alt bull run.
And $XRP seems far from finished. 10 usd seems possible.
US INFLATION DATA:
Headline inflation for December 2024 came in in-line with market expectations at 2.9%, however;
Core Inflation came in weaker than expected:
CPI 0.4% MoM, Exp. 0.4%
CPI Core 0.2% MoM, Exp. 0.3%
CPI 2.9% YoY, Exp. 2.9%
CPI Core 3.2% YoY, Exp. 3.3%
First market reaction:
US dollar down!
Stocks up!
Crypto up! $BTC $XRP $AAVE $ALGO
5 days till the first ever pro-crypto US government administration! 🍿 🍿 🚀 🚀
$BTC looked very bad just yesterday.
Today is a whole different story.
All in all I still think the decision to move into $PAXG and $USDT was the right one considering we had a structural break lower.
Not only were $BTC able to reverse the sell-off it even managed to move above 95k - a resistance for the last 7 days.
I now want to see it hold above.
PPI today was better than forecasted so only CPI left to remove uncertainty from the markets.
Trump taking office could be another positive catalyst though only time can tell how much of this is already priced in.
Considering all of this Crypto is in a good place and once I see confirmation I will add strong coins like $IOTA, $AAVE, $SOL, $LTC.
TLDR... the new framework is number go up