AAVE / Bitcoin

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AAVE / Bitcoin forum

BTCUSDT Grayscale announced the launch of the Aave Fund. Aave is a decentralized lending platform based on Ethereum that allows users to use other cryptocurrencies as collateral for automated borrowing, while also earning interest by lending cryptocurrencies.

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AAVE is trading below $60 following SEC actions. Yet, take a look at the 6-month chart, which shows a double inverted hammer pattern. It seems a cyclical bottom might come soon, possibly in the second half of 2023.

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