AAVE (AAVEUSD) Continues Trading in Consolidation with Strong Support at US $220

AAVE continues a lengthy consolidation pattern after May all-time-highs, as investors consider its growth prospects with the proliferation of decentralised finance.

  • 18 May all time high of US $632.27
  • 24-hour range of US $241.18 to US $249.88 at the time of writing
  • AAVE Arc project to help institutional investors expose clients to DeFi

It can take a bit of comprehension to grasp the possibilities available when it comes to Decentralised Finance (DeFi). Originally a concept tied to the emergence of Bitcoin (BTCUSD) as a transferable digital asset, DeFi has since grown beyond transactional utility as an asset, thanks to the programmability of smart contracts made possible through the …

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