Liquidation Alert As High Risks Loans On Aave Reach $1 Billion - Details

According
to
a

report
by
data
analytics
company
IntoTheBlock,
the
volume
of
high-risk
loans
on
the
prominent
Aave
Protocol
is
reaching
high
levels
as
general
loan
volume
in
the

DeFi
space
records
multi-year
highs.
This
development
is
believed
to
stem
from
investors
exploring
various
investment
strategies
in
a
bid
to
maximize
profits
in
a
highly
anticipated
crypto
bull
run.

AAVE
Price
Overview

Meanwhile,
AAVE

has
declined
by
5.30%
in
the
last
day
after
facing
serious
resistance
at
the
$98.20
price
zone.
The
DeFi
token
is
currently
valued
at
$92.30
after
an
overall
negative
performance
in
the
past
week
resulting
in
an
11.53%
price
loss.

However,
according
to

price
prediction
site
Coincodex,
the
general
sentiment
around
AAVE
remains
positive.
The
team
at
Coincodex
backs
AAVE
to
make
a
remarkable
comeback
hitting
a
price
point
of
$303.87
in
the
next
one
month.

AAVE
trading
at
$92.52
on
the
4-hour
chart
|
Source:
AAVEUSDT
chart
on
Tradingview.com

Featured
image
from
LinkedIn,
chart
from
Tradingview

Go to Source
Author: Semilore Faleti

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