CandleFocus

AERO Crypto: Can Price Soar above $1.3 Amid Coinbase Purchase, Volatility Risk

Last week, Moonwell users employing yield strategies with AERO crypto tokens experienced significant liquidations due to the token's high volatility. Users locking AERO crypto for returns found themselves unable to repay loans due to price surges, leading to liquidations. Despite this, Aerodrome Finance distributed a record-breaking $9.04 million to veAERO token holders, marking a 300% increase in just two months. Aerodrome's unique revenue-sharing model, where 100% of protocol revenues are returned to voters as incentives, has led to impressive growth in trading volume and attracted more users and capital. Coinbase Ventures also acquired $3.3 million worth of AERO, indicating growing confidence in the token's potential. AERO has shown a reversal in its trading pattern and could potentially breach the $2.40 resistance level.

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