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Aave Likely to See Price Surge as Certain Network Activity Takes Place: Details

Wed, 11/02/2022 - 12:44
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Yuri Molchan
Aave may be in for price rise, per recently revealed analytics data
Aave Likely to See Price Surge as Certain Network Activity Takes Place: Details
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Aave, the cryptocurrency ranked 48th on the CoinMarketCap scale, running on AAVE protocol, is seeing massive network growth activity, according to data shared recently by Santiment analytics firm.

Aave is a decentralized finance platform that provides users the opportunity to borrow and lend digital currencies.

A recent tweet by this data aggregator says that the amount of newly created wallets and a sharp rise in wallet activity could be indicative of an asset's price increase coming to users.

At the moment, according to the tweet, these two indexes are reaching milestones that have not been seen since the middle of July.

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Roughly a week ago, AAVE gained momentum after support for it was added by Robinhood brokerage giant, along with Tezos (XTZ). That news pushed the coin's price up 5%. A few days after that, the platform enabled payments in XLM, AAVE and XTZ.

At press time, AAVE is changing hands at $82.28, per data shared by CoinMarketCap. It shows a drop of slighly 3% over the past 24 hours.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at