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Widely followed crypto analyst Michaël van de Poppe says that AAVE, the native token of the top lending platform on Ethereum (ETH), is set for bluer skies. According to Van de Poppe, AAVE is in the midst of a trend shift after its clear break of the $150 mark, which he says opens up the doors to the $250 level. “This one is a must to have in the portfolio, as I think it will outperform once DeFi picks up momentum. Clear trend switch. Staying above $110-$120 should lead towards a new push, having a target at $250.” Source: Michaël van de Poppe/X At time of writing, AAVE is trading at $159. The trader is also looking at the decentralized credit marketplace Clearpool (CPOOL), a smaller project with a $114 million market cap. CPOOL is currently down 93% from its all-time high of $2.55, and Van de Poppe is looking at around the 2024 highs as an initial price target. “Starting up a new cycle. The previous peak was at $0.35 and had a deep correct...

As we delve deeper into October, the market appears to be gaining momentum, raising hopes for a significant rally in the coming weeks. The current cryptocurrency market is showing promising signs of a bullish trend, with Bitcoin recently reaching impressive heights around $65,000. With the overall crypto sector climbing back to a valuation of $2.28 trillion, investors are keenly eyeing potential opportunities for growth. This article explores five altcoins that are positioned for upward movement over the next 30 to 90 days, potentially benefiting from the anticipated altcoin season. Aave (AAVE) The current market environment has sparked optimism among cryptocurrency investors, particularly regarding Aave, a leading decentralized finance (DeFi) protocol. Recently, $AAVE has demonstrated strong upward momentum, climbing from around $135 to $177, before experiencing a slight correction. This resilience suggests the potential for a robust recovery as the market shifts toward a bullish ...

A host of DeFi assets initiated recoveries towards the end of June that translated into a fruitful uptick by early July. Compound’s COMP token was one such asset. As recently analyzed it rose by more than 100% in less than a fortnight. Nevertheless, the broader DeFi market has been moving in tandem with the broader crypto market. The aggregate valuation of both markets was on a downtrend for several weeks. However, they recently registered a streak of green candles and broke above the downtrend. Currently, however, the bullish momentum seems to be fizzling out, for both the markets have been correcting. As of press time, the DeFi market was valued at $40 billion, while the entire crypto market was worth $1.1 trillion. DeFi market cap vs. Crypto market cap by TradingView Also Read: Threads Token Up 4800% Amid Meta-Musk Saga TVL on Lido, Maker, Aave, Curve Uniswap fluctuates Despite the wobbly environment, the TVL landscape continued to remain quite competitive. The...