Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»DeFi Altcoin Aave Is ‘Very Well’ Set Up for Next Rally Due to the Following Factors: Investor Arthur Cheong
ALTCOIN NEWS

DeFi Altcoin Aave Is ‘Very Well’ Set Up for Next Rally Due to the Following Factors: Investor Arthur Cheong

By Crypto FlexsOctober 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DeFi Altcoin Aave Is ‘Very Well’ Set Up for Next Rally Due to the Following Factors: Investor Arthur Cheong
Share
Facebook Twitter LinkedIn Pinterest Email

Venture capitalist Arthur Cheong believes one decentralized finance (DeFi) altcoin could be ready for a major breakout.

The DeFiance Capital CEO tells his 176,400 followers on social media platform

He suggests that Aave’s open interest (OI), the total number of outstanding derivatives contracts for a particular asset, may have bottomed out after a significant decline last month.

“Despite the leverage flush on the culprit over the past few weeks, AAVE price is holding up very well.

1. Open interest is at a 30-day low, down 50% from September 11th.

2. The funding ratio is negative.

Be well prepared for the next rally.”

Source: Arthur Cheung/X

A negative funding ratio means there are more short positions than long positions in AAVE, which some traders perceive as a bullish indicator.

He also suggests that former President Donald Trump’s use of Aave for the launch of his new DeFi cryptocurrency project, World Liberty Financial, could be a catalyst for optimism.

“If in 2020 a former and potential future president of the United States said he supported launching separate instances on Aave, not even the biggest DeFi bull would believe it. But here it is. ‘We tend to overestimate the effectiveness of technology in the short term and underestimate it in the long term.’”

Last month, he said Aave appeared to be breaking away from a multi-year pattern of consolidation on a weekly basis.

“AAVE is trading at its highest level since May 2022 and appears to be breaking out of a two-year consolidation pattern. We look forward to an all-time high in ATH recovery to further solidify the DeFi renaissance.”

video
Source: Arthur Cheung/X

Aave is trading at $148.88 at the time of this writing, up 7.4% in the last 24 hours.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/iurii/AtlasbyAtlas Studio

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025
Most Popular

BNB Beacon Chain Sunset: Final Plans and Action Needed

October 20, 2024

The CFTC Chairman has stated that there will be major cryptocurrency enforcement actions within the next two years.

May 7, 2024

Barry Silbert and Mark Murphy Resign from Grayscale Board of Directors

December 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.