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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

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

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch.

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch

Ethereum ($ETH) is under the spotlight after Fundstrat’s Tom Lee reiterated his bullish stance, stating that $ETH could reach $5.5K...

Aaron Walker 2 hours ago
FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum...

Sebastian Villafuerte 2 hours ago
이더리움 강세 속 주목할 알트코인 투자 전략

이더리움 강세 속 주목할 알트코인 투자 전략은?

암호화폐 시장에 또 다른 불안 요인이 떠올랐다. 대규모 디지털 자산을 보유한 일부 기업들이 실적 악화와 함께 재정 압박을 겪으면서, 이들이 보유중인 비트코인이 위험에 처할 가능성이...

Soyeon Lee 2 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

hyperliquid hype hypeusd

Hyperliquid Hits New All-Time High: Will Momentum Push HYPE Into a Higher Range?

James Halver 34 minutes ago

Ethereum potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Orfeo Barone 1 hour ago
Dogecoin

Analyst Sets $5 Target For The Dogecoin Price If This Happens

Scott Matherson 1 hour ago

Premium Sponsors

Press Releases

  • Етериум се насочва към 5 000 USD: 5...

    6 minutes ago
  • Masívne pálenie tokenov pokračuje vo Wall Street Pepe

    Masívne pálenie tokenov pokračuje vo Wall Street Pepe...

    16 minutes ago
  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    53 minutes ago
  • リップル 今後の価格動向:ETF承認で100ドル突破への道筋は開けるか

    リップル...

    1 hour ago
  • 仮想通貨プレセール最新動向:イーサリアムやカルダノを凌ぐと予測される新興プロジェクト

    ...

    1 hour 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.