Aave Price is showing a powerful growth. The current market scenario is showing strong bullish momentum. Many altcoins are already running like Thoroughbreds and they are behaving like they want to dominate the cryptocurrency world. The DeFi market is displaying encouraging growth and One such DeFi token Aave (LEND) has already recorded a gain of almost 500% in the last 90 days. Let’s take a look at it in more detail.
Aave Price Analysis: LEND Price has gained 500% in 90 days!
As per the 3 months price chart, the Aave (LEND) is exhibiting an upward trend. If you closely observe then you will find that it is based on a Relative Strength Index (RSI). The Aave price performance (ROI) over the past 90 days, vs USD, has increased by almost 500%. Not only this, its price-performance (ROI) over the past 90 days, vs BTC, has increased by almost 74%. Overall, the Aave price is in a continual upward trend. From the past 12 months, the LEND price has only moved in only one direction and that is upward.
The Sharpe ratio calculated over the past 30 days of daily returns is almost 5.81 which shows that the greater the value of the Sharpe ratio, the more attractive the risk-adjusted return. Now, the MACD is currently still giving bullish signals, but the upward trend of any cryptocurrency should be viewed with caution.
Aave Price Analysis: LEND Price is showing an Upward Trend
Now, at the time of writing, the LEND/USD price is at +0.04074130 (+11.09%) and the percentage change in the current market cap of a LEND, vs USD, linked with 24hrs ago is displaying +8.09% growth, and the range between the lowest and highest trading prices in US Dollars is $0.339 – $0.416. Now, to continue climbing upwards, the bulls require to acquire control. This is why a revision could be the most possible situation within the next few days. The key metrics are as follows:
24hr Change +8.09%
24hr Vol $28,221,994
Max Supply 1,300,000,000
The reported market cap is $537,802,299.25 and based on the Aave historical price data, the Aave (LEND) price could be between $0.2543 to $0.2952 at the end of the year 2020. The cap is still really small but it could be a decent buy considering the progress and other technical indicators. We wish you very happy trading!
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