Best Altcoin to Buy Now: AAVE Silently Rises After Launch of Mobile App

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aave next crypto to explode

Aave (AAVE) has gone up by 3% in the past 24 hours to $169, outpacing the top 5 tokens in terms of gains, just a week after the launch of its highly intuitive mobile app.

The latest sell-off that the market experienced overshadowed Aave’s app launch news, but that does not mean that the market did not take notice.

The app offers attractive yields to that surpass fintech’s average, while the funds held in the account are insured for up to $1 million. The base rate currently sits at 6% alongside an upcoming “rate boost” that could push the APY to 6.5% per year.

With interest rates dropping in the United States, this new product could attract significant demand, and the app makes the Aave platform accessible to mainstream users. The app is only available to iOS users at the time, but it will soon be launched for Android devices as well.

Making Aave this accessible can propel the protocol’s usage levels at a point when regulations across the world are evolving positively and supporting a growing adoption of blockchain-based financial solutions.

Data from DeFi Llama shows that Aave’s total value locked (TVL) surged near 11 million ETH once again in the past few days, possibly as both traders and investors migrated to stablecoins and used the protocol to earn some yield while the market settles.

Periods of big turmoil tend to favour yield-farming protocols as the amount held in stablecoins increases. The launch of the Aave app could further increase the protocol’s TVL in ETH. This is a better way to measure adoption as it eliminates the impact of Ethereum’s price fluctuations from the calculation.

Aave Hits $160 and Bounces – Can It Recover?

Trading volumes in the past 24 hours have increased by 48% to $350 million, currently accounting for 13.6% of the asset’s circulating market cap.

AAVE recovered during the weekend after hitting a key support at $160. This would be the key level to watch moving forward, as a break below this mark could mean that the market is ready to go lower.

aave price chart

The launch of the app could propel Aave in the next few weeks, especially as this “beta” period ends. The token has booked a 45% loss this year. However, at some point in August, it retested its December 2024 highs before dropping sharply and losing almost half of its value again.

History repeated once AAVE shot up to $360 again. Moving forward, if the price bounces off the $160 level and starts rallying, bulls could try to break this ceiling once again.

The fact that trading volumes are above the average provides early confirmation that this upward move could mark the beginning of AAVE’s next leg up. If the Relative Strength Index (RSI) rises above the 14-day moving average and the mid-line, it could further confirm that an uptrend has begun.

As cryptos begin to recover, early presales like Maxi Doge ($MAXI) may outperform well-established tokens like AAVE. The launch of an exchange-traded fund (ETF) for Dogecoin this week could be the spark needed to kickstart a bullish cycle for meme coins.

Maxi Doge ($MAXI) Injects the Trading Community with Meme Energy

Maxi Doge ($MAXI) brings the famous doge meme into a new lane, aiming to capture the energy of retail traders who love trading fast-paced markets and taking high risks to earn big rewards.

maxi doge presale

The project leans into community-driven trading culture, giving early buyers access to a dedicated hub where they can share strategies, ideas, and attractive setups with other like-minded ‘degens.

Through contests like Maxi Ripped and Maxi Gains, the project seeks to keep the community highly engaged. Traders will compete for both rewards and bragging rights by showcasing their ROI.

In addition, up to 25% of the presale’s proceeds will be used to invest in YOLO trades with up to 1000X leverage. The gains obtained will be invested in marketing to make $MAXI known globally.

To join the $MAXI presale before the next price increase, simply visit the official Maxi Doge website and connect your wallet. Or simply use a bank card to buy the token.

By Alejandro Arrieche

Alejandro is a seasoned financial analyst with over seven years of experience writing complex business topics and market trends. His insightful work has been featured in prominent publications including CryptoBites, The Modest Wallet, and Capital.com, where he provides comprehensive analysis spanning from broad business strategy to complex topics about cryptocurrencies and the stock market. A graduate of EUDE Business School, Alejandro leverages his academic background and analytical expertise to deliver data-driven insights that help readers navigate complex economic landscapes. His authoritative content focuses on value investing, financial analysis, and general business topics, empowering both organizations and individuals with actionable intelligence to make informed decisions about their investments and trades.