Is It Too Late To Buy AAVE? Aave Price Pumps 19% In A Week, And This Might Be The Next Crypto To Explode
The Aave price is up more than 19% over the past week despite dropping 3% in the last 24 hours to trade at $342 as of 2:00 a.m. EST on trading volume that surged 11% to $1.7 billion.
The AAVE price experienced strong volatility in the last 48 hours, with its price fluctuating between $300 and $350 on Jan. 19, and then between $325 and $350 on Jan. 20.
The fluctuations have been growing smaller over time, but they are still happening even now. The project’s chart resembles Bitcoin’s, but the fluctuations have clearly been much stronger in the last two days, even though Bitcoin itself saw several major movements that took it from $100k to beyond $109k and back.
Aave Price Prediction
Aave had major fluctuations over the past few days, but with time, they are growing smaller as its price seeks to stabilize. The project has seen its Bollinger Bands grow tighter over the past 24 hours, with the crypto’s price currently balancing in the middle line between the upper and lower boundaries of the indicator.
This suggests growing uncertainty which has made traders pause and consider their options as they wait to see what will happen next in order to respond adequately. With recent events, such as Bitcoin’s surge, Trump’s return to office, the expectations of improved conditions for crypto in the US, and more, many are unsure how the Aave price will react.
This is also reflected in the project’s Relative Strength Index (RSI), which has seen massive fluctuations in the past two days, going from the value of over 80 on Sunday to dipping below the value of 30 on Monday, and then soaring to back above 80 later on the same day.
As the price moved from the overbought zone to the oversold region and then back, the fluctuations started to slow down, until finally reaching relative stability. This is especially true in the last nine hours. Right now, the RSI is just above 50, sitting in the neutral area and showing slight hints of growth.
This suggests that the trend could remain bullish moving forward, although it is currently too soon to tell what the Aave price will do next.
Promising Alternative To Aave
If you believe that it is too late to join AAVE now, there are always solid alternatives, such as Best Wallet (BEST) .
Best Wallet is a new crypto wallet that started operating only a few months ago, and it immediately became a favorite wallet for countless crypto users. This comes from the fact that it supports over 60 different blockchains, including all of their native coins and all the tokens running on their networks, enabling crypto users to store thousands of digital assets within one app.
On top of that, it also lets you connect other wallets to it, so you can easily manage all of your funds from a single place. Finally, the wallet is entirely non-custodial, meaning that only you have access to your funds. It also has all of the features you might expect from a crypto exchange, allowing you to buy, store, deposit, send, swap, sell, stake, spend, and secure your assets.
It even has a token launchpad, which lets you buy new cryptocurrencies that are in ICO. So far, the listed coins have all performed well, raising millions of dollars and getting a strong headstart in the industry. Some examples of projects that launched here include Pepe Unchained (PEPU) and Catslap (SLAP) .
Among the tokens launching from Best Wallet at the moment is the wallet’s native BEST. This is a token that will bring numerous benefits to its holders, such as lower transaction fees, higher staking rewards, early access to new projects, as well as access to community governance.
The project has been in ICO for a few weeks now, and has managed to raise over $7.76 million while selling BEST for only $0.023675. Experts like ClayBro, a crypto YouTuber with over 135k subscribers, believe that the BEST token will surge after launch.
Buy BEST here before a scheduled presale price increase in 14 hours.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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