AAVE hits $331, driven by whale activity and a drop in coin age, signaling strong growth.
Analysts predict AAVE could reach $1,000, with momentum backed by bullish market signals.
AAVE’s technical indicators show continued growth potential despite overbought conditions.
Aave (AAVE) broke through the $300 mark for the first time in over three years, reigniting interest in the altcoin, so much so that analysts have set their sights on a bold $1000 target.
This surge propelled AAVE to new highs, a level it hadn’t seen since November 2021. Interestingly, data from Santiment reveals that AAVE’s “Mean Dollar Invested Age” plummeted from 635 days to 537 days in just seven weeks.
As several altcoins grow today, AAVE has erupted to a market value of over $300 for the first time in over 3 years. Pay attention to projects that have massive drops in "Mean Dollar Invested Age" like AAVE. This indicates major key stakeholders are moving previously stagnant… pic.twitter.com/VmywKxRTzh
— Santiment (@santimentfeed) December 11, 2024
This drop suggests that large holders are selling off their tokens after long periods of inactivity. The decrease in coin age ind…
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