NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Aave Hits New All-Time Highs as On-Chain Metrics Suggest Further Advance

Ali Martinez
Ali Martinez
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

One of 2020’s most profitable DeFi tokens, LEND, proved that the rising buying pressure behind is not only speculative. Recently, it was revealed that Aave Limited, Aave’s UK business entity, earned itself an Electronic Money Institution license in July.

Aave Granted Financial License in the UK

The authorization enabled the grantee to offer services that include digital asset issuance and payments. The FCA-approval validated the Aave protocol as a contender in the lending space.

Michaël van de Poppe, a prominent market analyst, braved Aave and its investors for their patience, recalling days when the market had rubbished the DeFi project as dead.

“In the accumulation zone; everybody calls the coin dead. But now, everybody wants to have it. Literally, how the market psychology works – and I believe a substantial amount of coins will follow LEND,” said van de Poppe.

Indeed, it seems like speculators rushed to buy LEND following the announcement. The spike in the buying pressure behind this token pushed its price up by nearly 39% in the past 24 hours. The upswing allowed it to reach a new all-time high of over $0.786.

LEND Surges to New All-Time Highs As Buy Orders Skyrocket. (Source: TradingView)

Now, multiple indexes suggest that Aave may have more room to go up.

On-Chain Metrics Flash Bullish Signals

Data from Santiment reveals that alongside prices, on-chain volume, daily active addresses, and social volume also surged. When taken together, these are positive signs that can help determine whether Aave is poised to advance further.

Usually, when these three on-chain metrics rise together, a positive and sustained upward price movement tends to follow.

Aave's On-Chain and Social Volume by Santiment

Aave’s On-Chain Metrics Explode. (Source: Santiment)

Since LEND has entered price discovery mode given the recent bullish impulse, all the addresses on the network are in-the-money, according to IntoTheBlock. These figures indicate that the investor base behind the non-custodial lending and borrowing token expects further upwards price action. As a result, any downswing may be taken by sidelined investors as an opportunity to get back into the market.

In the event of a correction, IntoTheBlock’s “Global In/Out of the Money” (GIOM) model shows that there is a crucial supply wall underneath Aave that could hold falling prices at bay. Based on this on-chain metric, roughly 4,800 addresses had previously purchased 106.5 million LEND between $0.49 and $0.66.

This supply barrier forms the basis of the nearest support level and may have the ability to abosrb any potential selling pressure.

Global In/Out of the Money by IntoTheBlock

Aave Shows Significant Support Barriers Underneath it. (Source: IntoTheBlock)

It is worth mentioning that Aave does not face any significant supply barriers ahead, so the sky is the limit for this cryptocurrency, at least in the short-term. Nonetheless, due to the speculative nature of DeFi tokens, traders should proceed with caution to avoid getting caught on the wrong side of the trend.

Featured Image by Unsplash
Price tags: lendusd, lendusdt, lendbtc
Chart from TradingView.com
Tweet123Share196ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Previsioni Ethereum: ETH Resiste Alle Turbolenze del Mercato Crypto

Ethereum continua a mostrare resilienza di fronte alla recente volatilità, mantenendosi stabilmente sopra il livello di $4.200. Nonostante questa forza,...

clararosati 6 hours ago
Dogecoin ETF news

First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price?

The first US exchange-traded fund offering exposure to Dogecoin (DOGE) could debut as soon as next week, after the ETF...

Jake Simmons 7 hours ago

Trendošā jaunā mēmu monēta TOKEN6900 gatavojas uzlidojumam – vai tā būs nākamā SPX6900?

Trendošās mēmu monētas TOKEN6900 (T6900) cena gatavojas kāpumam “sliktās ziņas = labas ziņas” scenārija dēļ, ko šodien gaida no NFP...

lasma 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Whales Go On Buying Spree Amid Crash To $4,200, Here’s How Much They Bought

Scott Matherson 9 minutes ago
pret_bitcoin_si_red_september

Preț Bitcoin sub presiune în “Red September”: cum schimbă jocul Bitcoin Hyper

antonio 3 hours ago
Noord-Koreaanse hacker op de loer - pas op voor deze groeiende scam

Noord-Koreaanse hacker op de loer – pas op voor deze groeiende scam

Lars Diederiksen 4 hours ago

Premium Sponsors

Press Releases

  • miner

    Cardano (ADA) Investment Analysis: ALL4 Mining Steadily...

    40 minutes ago
  • ドージコイン 今後は4ドル突破か?新興ミームコインが200万ドルプレセールで主役に

    ドージコイン...

    6 hours ago
  • リップル 今後の価格予測:米規制緩和と国際送金拡大で3ドル突破の可能性

    リップル...

    6 hours ago
  • ChatGPT予測によるソラナ400ドルと注目の仮想通貨おすすめ銘柄

    ...

    8 hours ago
  • 新しい仮想通貨のプレセール、クジラ投資で1,500万ドル目前

    ...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.