- AERO surged +1200 last year.
- Baseline growth was the most important driver. Will this trend continue?
Airfield Cryptocurrency (AERO) It has seen tremendous growth thanks to the massive expansion of Base, the Ethereum (ETH) L2.
Aerodrome is a strategic central liquidity provider for the Base ecosystem, operating as a decentralized exchange (DEX) and automated market maker (AMM).
The growth of L2 has been a huge catalyst for the protocol. Total Value Locked (TVL) for Base in 2024 increase 6x (from $500 million to nearly $3 billion).
During the same period, Aerodrome Finance’s TVL increased from $100 million to more than $1.3 billion (13x).
The native token, AERO, is probably the most notable beneficiary. Year-on-year, AERO is up +1200%. If you anticipate further growth in Base, should you include it on your watchlist?
AERO’s potential
Source: AEROUSD, TradingView
AERO posted recovery gains of more than 140% during September’s broad market rebound. However, it faces price rejection at $1.3 to $1.5 (red, supply zone).
However, the decline has stalled in near-term demand around $1.2, making it an important level to watch.
An extended uptrend to $1.5 could trigger a 36% recovery. A more aggressive push toward $2 could mark a potential profit of nearly 100%.
Major technical chart indicators suggest there is plenty of room for growth as the stock is far from overbought.
But with the US election just days away, uncertainty and volatility in the markets could explode. Breach below $1.2 can still result in a discounted bid of $0.8.
Weekend spot demand
Source: Coinglass
read Aerodrome Finance (AERO) Price Prediction From 2024 to 2025
The 18% rise over the recent weekend was primarily driven by spot demand, as seen in the surge in spot CVD (cumulative volume delta).
The metric tracks the difference between purchases and sales. A surge means more purchases and an optimistic mood.
However, interest in the futures market has waned slightly, as evidenced by the nearly 1 million AERO drop in open interest (OI) rates. A prolonged decline could delay the move to $1.5.
Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.