Cryptocurrencies Price Prediction: Cryptos, Ethereum & AAVE – American Wrap 2 February
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gains strength as GBTC outflows shrink
Crypto research firm Chainalysis recently concluded research on “pump and dump” schemes that have plagued the crypto ecosystem. Pump and dumps have made a resurgence with rug pulls on Coinbase’s Base chain and Solana ecosystem’s meme coins.
The report reveals that nearly 53.6% of ERC-20 tokens on DEXes have characteristics of possible “pump and dump” schemes, according to the firm’s criteria.
AAVE price at risk of correction as exchange supply rises, whales shed AAVE holdings
AAVE price declined in the past week and a further correction is likely, according to on-chain metrics. Two key metrics, the supply of AAVE on exchange wallets and the Network Realized Profit/Loss metric paints a bearish picture for the DeFi token.
AAVE price is $84.46, at the time of writing.
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