AAVE's Milestone Coinciding With Healthy 'Dormant Coin' Movement
📈 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 massi
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📈 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 tokens back into circulation, perpetuating bullish momentum for the asset.
Also pictured in this chart is the average returns of 30-day (+33%) and 365-day (+109%) active traders for AAVE. With all cryptocurrencies being a zero sum game, returns above 0% indicate a higher risk than usual.
If whales can continue to circulate older coins back into circulation, this rally can have a bit more steam... but a retrace could occur as soon as large wallets 'put on the brakes'.
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