In terms of today’s top performer among altcoins, we have the Aave (AAVE), which has increased by more than 14 percent in the last 24 hours. It rose from a low of $171.34 to a high of $197.91 at the time of writing, the highest for the day.
AAVE easily attained a top-tier 14 percent spike in less than a half-day. Furthermore, a deeper examination of the graph reveals that the surge has been linear, consistent, and strong throughout, increasing with the passage of each hour.
Taking a deeper look at its graph and prior performance, it is clear that the AAVE will continue to rise steadily throughout the second half of 2022. The all-time high of AAVE is $632.27, which contradicts the fact that the present day to day high of $197.91 is nothing. Personally, I believe that investing in AAVE right now would not be in vain.
The Aave Project
The Aave is a Decentralized Finance (DeFi) protocol-based project that specializes in direct crypto financing. The liquidity pools allow AAVE investors and buyers to earn interest on their investments.
One of the most important direct applications of the Aave DeFi-based protocol is the ability to withdraw loans in crypto with the liquidity put in their pools. This borrowing and lending feature primarily establishes the Aave platform.
The AAVE is the Aave platform’s primary governance token. Furthermore, the cost reduction for Aave liquidity holders keeps their investors invested throughout. Furthermore, the Aave was first introduced in 2017, when it was known as ‘ETHlend.’ In 2018, Aave underwent a rebranding and rename.
In addition to this, the Aave DeFi protocol is built on the Ethereum (ETH) blockchain. AAVE is currently trading at a price of $192.22, with the graphs heading upwards by 11.65 percent over the last 24 hours.