Spot Tracking: $AAVE
Project Introduction
#AAVE is a decentralized lending protocol where users can deposit assets to earn interest and also borrow through collateral or flash loans.
AAVE is its governance token, allowing holders to participate in governance voting, stake into the security module, provide insurance, and earn rewards and fee sharing.
Recent Performance:
After the market correction stabilized, AAVE quickly rebounded, showing a distinctly strong trend on the hourly chart.
The trend is stable, and short-term performance is commendable.
Positive Catalysts
The upcoming WLFI protocol, which needs to integrate AAVE protocol functions, is a significant positive for AAVE and is expected to boost demand.
Operational Strategy:
Current price is about 330 USD, it is recommended to build positions in batches, with a long-term target of 450 USD.
Blue Brother has a positive outlook on AAVE's development prospects.
