Aerodrome Finance (AERO), currently trading at $1, shows promising signs of a potential breakout. With a forecasted price increase due to the adoption of the
BASE protocol, it could possibly surge by 56% if key developments occur. Despite a stepback due to
insider trading allegations that led to the suspension of two contributors, Coinbase is still slated to add
perpetual futures for AERO, among others.
The
unique DeFi platform, Aerodrome has already secured a staggering $1 billion in deposits, dominating DeFi on Base. Based on price predictions, AERO may skyrocket up to 100% by year-end, a trend backed by Pantera Capital and Spartan Group's recent acquisitions of AERO coins. The cryptocurrency was also
listed on Binance Futures, further fueling its soaring price.
A growing number of investors are rallying behind AERO due to its successful track record, characterized by topping the coveted $1 billion mark in total value locked (TVL) amidst dominance on Base. Owing to these significant developments, AERO has caught the attention of the crypto world, with Crypto Veteran Arthur Cheong expressing his bullish sentiments on Aerodrome.
A major boost came from a partnership with Coinbase Ventures leading to a 140% surge in the price of AERO. However, the platform did experience some hiccups, with both Aerodrome and Velodrome facing front-end hacks, causing a decline in TVL. Amidst this, the platform's loyal fan community flooded the Base blockchain with $150M deposits on the first day.
Notably, AERO showed progressive growth with Alexander Cutler, the co-founder, taking the lead. The impressive upwards trend suggests a significant rise for AERO in the near future, magnified by Coinbase's $20M investment. These developments underscore the potential and vitality of Aerodrome Finance, poising it for a bullish run in the crypto market.
Aerodrome Finance News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Sun, 06 Apr 2025 16:43:16 GMT -
Rating 7
- Innovation -4
- Information 2
- Rumor -5
