The AERO token of Aerodrome Finance has experienced a strong bull run, reaching a high of $1.4 and bringing its valuation to over $967 million. Aerodrome Finance has gained prominence as an automated market maker in the Base Blockchain and has seen significant growth in volume and total value locked (TVL). The network has surpassed competitors like Uniswap and PancakeSwap due to its lower transaction costs and the overall growth of the Base ecosystem. The AERO token's surge is also attributed to the victory of Donald Trump in the election, which is expected to lead to friendlier regulations. Analysts predict that the AERO token could see 10x gains, potentially reaching a price of $14 in the long term. The token's daily chart suggests a strong bull run, with resistance at $1.621 and a possibility of reaching an all-time high of $2.37. However, a drop below the key support at $0.977 could invalidate the bullish view.
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May