Aave’s price fell in a Bears market after having fallen more than 21% from the highest point last week, despite the growth in the recently launched Real-World Assiva-Tokenization Platform.
Aave (Aave) fell to $ 300, the lowest level since August 22, with reflection of the performance of Bitcoin and most altcoins.
Horizon Activa Grow
Aave, the largest player in the decentralized financial industry, performs well if his total value locked floats near a record high. Are Total value locked The network has risen by 22% over the past 30 days to $ 40 billion, while seven -day costs rose to $ 21.2 million.
This growth is partly due to the recently launched Horizon product, which is built to bridge traditional and decentralized financing.
Horizon enables institutional investors to borrow Stablecoins using tokenized RWA assets as collateral. Horizon makes it easier for qualified settings to deposit these tokenized assets to access loans via Stablecoins.
Data shows that the network starts well, because the total available funds have risen to $ 50 million. Users have already borrowed tokens worth $ 6.2 million, a process that can continue in the coming months.
Ripple USD (RLUSD) is the most delivered token with more than $ 26.3 million in assets, followed by USD Coin with $ 8 million. Other top players in the network are the Janus Henderson Anemoy Treasury Fund with more than $ 2.08 million in assets.
Aave Price Technical Analysis
The daily graph shows that the AAVE price last week from a highlight of $ 385.32 has fallen to $ 300. This decrease will probably take place if investors sell the Horizon Launch News.
Aave has moved to the center of the rising channel, where it has found support in the 50-day advancing average. That is why token will probably continue to fall because sellers focus on the bottom of the channel at $ 280.
The token then bounces back when the bullish trend resumes. A break under the bottom of the channel indicates further disadvantage, possibly supporting at $ 245, the lowest point on August 30.
