Aerodrome Finance (AERO)

AERO — governance token of the automated market maker (AMM) and decentralized exchange (DEX) Aerodrome Finance. The cryptocurrency is launched on the L2 network Base from the Coinbase marketplace.

Over the course of 2024, the token has grown by 1,960% and reached an annual high of $1.56. At the time of writing, AERO was trading slightly below this high — at $1.51..

At the end of December, despite its successes, there was a bearish sentiment surrounding the token. As seen in the chart, the MACD indicator fell into the negative zone, foreshadowing a possible correction to $0.89.

However, there is also an alternative forecast. In the event of a trend reversal, bulls could push the price of AERO above the annual high, up to the mark of $3.$HIVE $APT $LINK #BtcNewHolder