Aave shows promise of a move to $75 but will the bears stop the rally?

Aave [AAVE] has seen increased activity from whales as its value has also increased. The Netflow and price movement suggest a positive impact on AAVE. The whales’ interest in cryptocurrencies recently appears to have intensified. According to recent statistics, Aave [AAVE] has attracted the interest of whales, but how has whale action affected it?

Aptos’ NFT ecosystem registered growth over the last few days. A new update is to be launched soon, but the metrics were not affected positively. After closing a comfortable week, Aptos’ [APT] price took the opposite route, going down considerably. According to CoinMarketCap, APT’s price was down by more than 6% in the last 24 hours, and at the time of writing, it was trading at $16.86 with a market capitalization of $2.7 billion.

MATIC flipped SHIB to become the most traded token among whales. MATIC’s weekly chart was green and market indicators suggested a further price hike. Polygon [MATIC] has shown growth in its DeFi space over the past, with several new integrations that help increase the network’s offerings and capabilities. The latest one is the integration with Dopex, a decentralized options exchange.

FCF Pay announced that it will accept BNB for virtual prepaid debit cards. Metrics remain bullish, but market indicators gave reasons for concern. Binance Coin [BNB] posted its weekly metrics on 4 February, mentioning a few of the chain’s notable statistics. As per the latest data, BNB’s weekly transactions exceeded 17 million, while the daily average transaction remained at 2.87 million. Furthermore, its weekly and daily average users stood at 2.78 million and 829k, respectively.

2 February saw ETH hit $1,713 for the first time in four months. The inflow of ETH into exchanges exceeds the outflow signifying sell pressure. Ethereum [ETH] experienced a price increase before the close of the trading session on 2 February, bringing it to its highest level in more than four months. How did traders respond to it, and how might their responses impact the future price of ETH?

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Since 20 January, Ethereum has encountered resistance at $1,680. Even so, there is optimism that ETH will reach $1,800 or even higher by the end of February due to the ascending triangular pattern and improvements in investor mood in ETH derivatives. Of course, how ETH performs as it approaches the pattern deadline by mid-February will determine how everything plays out.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LINK faced a price rejection at the selling pressure zone at $7.500. Holders still enjoyed profits. Chainlink’s [LINK] uptrend momentum was facing a crucial short-term blockade. LINK dropped...

Fantom [FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the MVRV ratio. Fantom [FTM] is undoubtedly one of the coins in the market that saw a significant surge in January. When seen on a daily timeframe, it rallied by 200% from January 1 until the time of this writing.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binance Coin surged above resistance; retracement could be a buying opportunity. The market structure remained bullish. Binance Coin [BNB] beat the 12-hour bearish order block near $316 after...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour and daily market structures of Solana, at press time, were bullish. The range formation gives out a clear game plan for buyers and sellers. Solana has...

The total value locked on Lido Finance went past $8 billion in January. Despite the feat, the protocol’s native token was down 5.82% at press time. Lido Finance [LDO] had a rollicking start to 2023 after it eclipsed MakerDAO [MKR] to become the biggest decentralized finance [DeFi] protocol, as per DappRadar. Moreover, the total value locked (TVL) of Lido’s smart contracts went past $8 billion in January 2023, which amounted to gains of over 36%.

Ripple’s ODL product reaches new heights but sees a decline in sales. XRP’s price and weighted sentiment metric surge, but growing short positions raise concerns. Ripple‘s On Demand Liquidity (ODL) product has been making headlines as the firm reported sales of over $200 million in Q4 of 2022.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Although 2022 was a tough year for Terra Luna Classic (LUNC), the token has been surging as of late. At press time, LUNC was trading at $0.00019904, showing a surge of over 30% since last month. Terra had consolidated within the previous support zone established in November 2022 and showed the potential to rally higher in the weeks to come.

Cardano was back in the top 10 tokens by trading volume among the 4000 biggest BSC whales. ADA’s price rallied by over 50% in the last 30 days. Cardano foundation recently revealed January month’s stats of Cardano [ADA]. As per the official tweet, there has been an increase in transactions using smart contracts and metadata.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MKR chalked a bullish flag pattern on the daily chart. The token’s Funding Rate remained flat but positive. Maker [MKR] offered over 30% gains to investors in...

The Terra Classic community moved a step ahead towards bringing back UST. LUNC surged, but it was overbought and could soon reverse. The notion that the Terra Classic [LUNC] community was over the painful collapse of LUNA may be wrong. Of course, the community had repeatedly said that they were focused on rebuilding. But there has been a Signal proposal to reawaken the fizzled stablecoin of the Terra [UST] ecosystem.

The Yuga Labs collections topped NFT sales in January. Interest in digital collectibles soared but BAYC and MAYC had lost their spots. Like inseparable sisters, the NFT market joined its counterpart, the crypto market in recovering from the reds recorded for most of the second half (H2) of 2022. However, these were not the only ones who acted like they were entangled.

Aave’s treasury funds saw significant growth. Other competitors also witnessed a surge in their treasury funds. Decentralized lending protocol Aave [AAVE] has seen a growth in its treasury funds, according to a 1 February tweet from Delphi Digital. The growth in treasury funds is an indicator of consistent revenue generation for the protocol, which can be used for various initiatives, such as development, marketing, and strategic planning.

TRON will soon announce partnership with BitTorrent. TRX’s price increased over the last day and the metrics, along with market indicators, looked bullish. TRON [TRX] reached a new milestone that reflected its increased adoption across the globe. TRONSCAN revealed that TRON’s total accounts surpassed the 140 million mark – they stood at 140,010,268 at press time.

Miners might revert to a revenue increase as the Puell Multiple left the capitulation area. Market statistics showed that the current condition was not overheated. Bitcoin [BTC] holders were not the only recipients of welcome developments recently. Like the holders, miners who have struggled with inhospitable conditions may also have cause to celebrate in the near term. This is after they had spent months in losses.