- Aave keeps surging its market position.
- Aave remains as one of the top one hundred cryptos in CoinGecko.
The crypto world never fails to surprise its community with different projects that are now blowing the space. Aave (AAVE) is one of the crypto assets that is now surging its position in the market. In detail, the crypto successfully recorded a growth rate of over +28% in the past seven days. As a result, this position of the crypto keeps attracting investors.
In terms of market position, AAVE ranks as one of the top 100 cryptos in CoinGecko. It has a huge market capitalization of almost $3 billion with a 24 hour trading of over $500 million. These huge numbers contribute a lot to the current market position of virtual assets.
Source: TradingView
Based on the chart above, AAVE is now holding its position above the trading price of $200 per crypto. If this bullish trend keeps on, the price of the crypto might be able to smash its $246.3 resistance level.
If it does, AAVE may have the chance to surge its price to over $250 and beyond. But of course, this all may happen if the network’s investors and the bullish market remain on the side of the crypto. Therefore, traders should continue to stick with the rules set by their indicators to avoid losses that cannot be recovered.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.