AAVE's huge energy plate broke through in 800 days, who wouldn't be confused?

1. From a technical perspective, it has been consolidating for more than two years. For example, LTC in 2017 and doge in 2021 have been sideways for 600-800 days, referred to as "huge energy disk" → after breaking through, it will rise; Figure 1 2 3

2. From a narrative perspective, the crusade and meme of VC coins have gradually died down (the reason is that they are too expensive), and the market has begun to look for "return to nature" targets, which have real income, fundamentals, full circulation but small market value, and can appease everyone's heart;

3. From a fundamental perspective, aave will start to repurchase dividends, and air coins will move closer to value coins. BTC has been sideways for 5 months, but the TVL of the protocol E standard has increased by 50%, and the income and expenses have not decreased but increased, even approaching the high in 2021, as shown in Figure 4;

4. From the ceiling, value coins, you have to calculate it. Take Fee as the revenue base and give it 20 times PE, the 7.3 billion estimate is still somewhat cost-effective compared to the 2 billion market value; don’t really care whether the calculation is reasonable, it is definitely not reasonable, it is just a rough calculation. #AAVE