Cryptocurrency Aave Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, Aave's (CRYPTO: AAVE) price has fallen by 5.47% to $64.98, contrary to its positive trend over the past week where it gained 7.0%. Aave's trading volume has increased by 40.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.4%. The current market cap ranking for AAVE is #46 at $950.07 million.
October 03, 2023 | 7:01 pm
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Aave's price has dropped by 5.47% in the past 24 hours, despite a 7.0% gain over the past week. The trading volume has increased by 40.0% over the past week.
The news directly reports on the price movement of Aave, indicating a recent drop in price. This could potentially lead to a short-term negative impact on the asset. However, the increased trading volume suggests a heightened interest in the asset, which could potentially offset the negative price movement in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100