Aerodrome Finance (AERO) currently at a market value of $1, exhibits potential for a breakout, driven by underlying activity such as the suspension of two contributors following insider trading. Coinbase's hefty investment of $20M propels AERO's growth potential, while excitement surfaces as crypto veteran Arthur Cheong exhibits bullish sentiments towards the decentralized exchange backed by Coinbase. Further optimism emerges as the company's price prediction for 2025 surmises a boost in potential due to increased BASE adoption, a fact underlined by contributions of $1B on Base by Aerodrome. This, combined with the prospective addition of perpetual futures for AERO, BEAM, and DRIFT by Coinbase, hints at significant future growth. Amidst this enthusiasm, however, AERO has seen a dip below $1.50 after a record December run. Still, Nansen data shows smart money accumulation, implying probable bullish reversal. Regulatory realities remain as an insider trading incident occurred during Venice's VVV token launch, casting slight clouds over AERO. Despite this, investment flocks towards AERO from prominent firms, like Pantera Capital and Spartan Group. Furthermore, Representative Michael Collins and Coinbase Ventures have also added AERO tokens to their portfolio. AERO's recent rally saw the price target hitting $3 as Total Value Locked (TVL) landed on $1.6B. As AERO sees successive expansions of the Base network, Aerodrome remains the market leader, commanding over $1B in deposits.
Aerodrome Finance News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Wed, 29 Jan 2025 07:01:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 5
