Tag:

Hit

Xrp Price Prediction June 2025 Will Ripple’s Token Hit $5
GameFi Guides

Will Ripple’s Token Hit $5?

by admin



Ripple’s XRP price has failed to display positive price action this month in spite of increased optimism for this project in the market. With this, it has plunged below its important support of $2.25 and is on the course of retesting its $2 mark.

Following this, investors are concerned about the future price action of XRP. Moreover, with a potential Altcoin Season around the corner, investors are wondering if this is the right time to invest in XRP token? Let’s understand the latest updates, on-chain sentiments, and possible XRP price prediction for June 2025.

Latest Updates on Ripple’s XRP

As of now, nine spot XRP ETF applications have been filed. The Securities and Exchange Commission (SEC) is currently reviewing these filings. Investors are highly optimistic on the approval of XRP ETFs. Analysts like Dark Defender have even offered targets as high as $5.85 after the ETFs are approved.

Multiple institutions and whales are now considering a XRP Treasury for their crypto reserve plan. Two companies that are Webus International Limited and VivoPower are on the path of investing $300 million and $121 million respectively in this digital asset.

XRP’s On-Chain Sentiments

As of today, the XRP Futures Open Interest has dropped to $4.11 billion compared to $4.55 billion that was recorded yesterday. However, when evaluating month-on-month (MoM), it has increased from $3.72 billion, a change of 10.48%. This trend action highlights an increased buying interest and market participation. Further, it highlights a strengthening trend in the market.

The Number of Active Addresses on the XRP chain witnessed a variation between 17,000 to 24,000 during the entire month. However, over the past 24 hours, the active addresses have dropped to 6.9k from 21.87k yesterday. This marks a drop of 68.44%, the highest single day drop this year.

Number of Active Addresses on the XRP Ledger, Source: The Block

XRP Price Analysis for June 2025

After trading within an ascending channel pattern for about 2 months, the XRP coin price has lost momentum, resulting in it breaking down the pattern in the daily time frame. However, with a listing price of $2.1723 and a market capitalization of $128.08 billion, it has a crypto dominance of 3.89% as of today.

Technical indicators, Moving Average Convergence Divergence (MACD) and the Simple Moving Average (SMA) display a stronger bearish trend in the XRP price chart. The SMA indicator acts as a resistance to the price chart, while a bearish divergence in the MACD suggests a weak buying pressure for the altcoin in the market.

In case of a bullish reversal, the XRP price would immediately regain momentum and retest its resistance of $2.50 within a short period. If the crypto market does not break at this point, this could result in this altcoin rising toward its awaited target price of $3. Meanwhile, the optimistic targets are set at $7, however, it seems difficult to be achieved in the short-term.

On the downside, a sustained bearish action could result in the price of XRP token dropping toward its pivotal support zone of $2.00. However, chances of such an event occurring is relatively lower as the market sentiment is turning bullish.

Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?



Source link

0 comments
0 FacebookTwitterPinterestEmail
Representational image of a cybercriminal
Gaming Gear

Hackers are hijacking forgotten subdomains to spread malware through trusted sites; this overlooked trick could hit you next

by admin



  • Outdated DNS records create invisible openings for criminals to spread malware through legitimate sites
  • Hazy Hawk turns misconfigured cloud links into silent redirection traps for fraud and infection
  • Victims think they’re visiting a real site, until popups and malware take over

A troubling new online threat is emerging in which criminals hijack subdomains of major organizations, such as Bose, Panasonic, and even the US CDC (Centers for Disease Control and Prevention), to spread malware and perpetrate online scams.

As flagged by security experts Infoblox, at the center of this campaign is a threat group known as Hazy Hawk, which has taken a relatively quiet but highly effective approach to compromise user trust and weaponize it against unsuspecting visitors.

These subdomain hijackings are not the result of direct hacking but rather of exploiting overlooked infrastructure vulnerabilities.


You may like

An exploit rooted in administrative oversight

Instead of breaching networks through brute force or phishing, Hazy Hawk exploits abandoned cloud resources linked to misconfigured DNS CNAME records.

These so-called “dangling” records occur when an organization decommissions a cloud service but forgets to update or delete the DNS entry pointing to it, leaving the subdomain vulnerable.

For example, a forgotten subdomain like something.bose.com might still point to an unused Azure or AWS resource, and if Hazy Hawk registers the corresponding cloud instance, the attacker suddenly controls a legitimate-looking Bose subdomain.

This method is dangerous because misconfigurations are not typically flagged by conventional security systems.

The repurposed subdomains become platforms for delivering scams, including fake antivirus warnings, tech support cons, and malware disguised as software updates.

Hazy Hawk doesn’t just stop at hijacking – the group uses traffic distribution systems (TDSs) to reroute users from hijacked subdomains to malicious destinations.

These TDSs, such as viralclipnow.xyz, assess a user’s device type, location, and browsing behavior to serve up tailored scams.

Often, redirection begins with seemingly innocuous developer or blog domains, like share.js.org, before shuffling users through a web of deception.

Once users accept push notifications, they continue to receive scam messages long after the initial infection, establishing a lasting vector for fraud.

The fallout from these campaigns is more than theoretical and has affected high-profile organizations and firms like the CDC, Panasonic and Deloitte.

Individuals can guard against these threats by refusing push notification requests from unfamiliar sites and exercising caution with links that seem too good to be true.

For organizations, the emphasis must be on DNS hygiene. Failing to remove DNS entries for decommissioned cloud services leaves subdomains vulnerable to takeover.

Automated DNS monitoring tools, especially those integrated with threat intelligence, can help detect signs of compromise.

Security teams should treat these misconfigurations as critical vulnerabilities, not minor oversights.

You might also like



Source link

0 comments
0 FacebookTwitterPinterestEmail
Breaking Solana, Ethereum Staking Etfs Hit Roadblock With New Sec Letter
GameFi Guides

Solana, Ethereum Staking ETFs Hit Roadblock with New SEC Letter

by admin



The plan to launch two new crypto ETFs tied to Solana and Ethereum has hit a snag after the U.S. Securities and Exchange Commission (SEC) raised concerns that they are not fit for ETFs

On Friday, SEC reportedly sent a letter to RexShares, the company behind the ETFs, saying that the ETFs do not fit the legal definition of an “investment company.” That’s a requirement for any ETF that wants to be traded on the stock market.

The SEC also said the registration forms may have been “improperly filed” and that some of the information shared could be “potentially misleading.” In short, the agency thinks parts of the paperwork could confuse investors.

Meanwhile, Rex shared that it got a green light to launch the ETFs and was hoping to start trading both by the middle of June. Now, that plan might be delayed. The ETFs were initially created to allow inventors to earn rewards through staking. In simpler terms, Investors could earn extra crypto by locking up their assets which in turn would be used to run the blockchain network. 

In response to this, Greg Collett, a general counsel at Res Financial said, “We think we can satisfy the SEC on the investment company question, and we don’t intend to launch the funds until we do that.” This means REX is prepared to work with SEC on this issue before moving forward with the launch. 

Bloomberg ETF analyst James Seyffart shared some details of the letter on X. He explained that the agency’s main issue is with Rule 6c-11, also known as “The ETF Rule.” This rule allows ETFs to launch quickly without going through a lengthy approval process. According to Seyffart, the SEC believed these staking ETFs don’t qualify under this rule, which could prevent them from listing. 

Meanwhile, this is not the first time the agency will intervened in such an event. In March 2025, the SEC publicly questioned an ETF from State Street and Apollo Global Management that invested in private credit just hours after it was listed.

Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?



Source link

0 comments
0 FacebookTwitterPinterestEmail
AI security shield
Gaming Gear

AI powering a “dramatic surge” in cyberthreats as automated scans hit 36,000 per second

by admin



  • AI is fueling a huge increase in cyberattacks
  • The US is the primary target for ransomware attacks
  • Threat actors are turning to vulnerable assets

It won’t come as a surprise to many cybersecurity professionals, but AI is behind a drastic rise in the number of cyberattacks, with new research from Fortinet revealing the apparenty scale of the problem.

The study found that year-on-year, automated scanning activity has seen a 16.7% increase, with 36,000 scans per second recorded globally – with the research describing threat actors as “shifting left” towards vulnerable digital assets “earlier in the attack lifecycle”, in particular, Remote Desktop Protocol, IoT systems, and Session Initiation Protocols.

Infostealers have been threatening organizations for a long time, but this research has unveiled a staggering 500% increase in available logs from compromised systems – meaning over 1.7 billion stolen credentials are circulating on the dark web, noting, “this flood of stolen data has led to a sharp increase in targeted cyberattacks against businesses and individuals.”


You may like

A call to action

The report warns cybercriminals are taking advantage of these login details too, with a 42% increase in compromised credentials observed for sale.

Interestingly, zero-day attacks only account for a “small percentage” of threats, and cybercriminals are increasingly using “live of the land” vulnerabilities to remain undetected.

The Ransomware-as-a-Service landscape is expanding, with new groups emerging and old players solidifying their gains. Ransomhub was the most active group in 2024, claiming 13% of victims, with LockBit 3.0 (12%), Play (8%) and Medusa (4%) all following close behind.

Such ransomware attacks are targeting one country in particular, with the United States taking 61% of incidents, followed by the UK at 6%, and Canada at 5% – a strong indication of the trend against American organizations.

“Our 2025 Global Threat Landscape Report makes it clear: cybercriminals are scaling faster than ever, using AI and automation to gain the upper hand,” said Derek Manky, Chief Security Strategist and Global Vice President of Threat Intelligence at FortiGuard Labs.

“Defenders must abandon outdated security playbooks and transition to proactive, intelligence-driven strategies that incorporate AI, zero trust architectures, and continuous threat exposure management.”

You might also like



Source link

0 comments
0 FacebookTwitterPinterestEmail
Satoshi's Bitcoin Holdings Hit by Price Slump
NFT Gaming

Satoshi’s Bitcoin Holdings Hit by Price Slump

by admin


Based on Arkham data, the value of Bitcoin creator Satoshi Nakamoto’s Bitcoin holdings has dropped by over $4 billion in the last four days.

According to recent Arkham data, Satoshi’s Bitcoin holdings are nearly $116 billion, a more than $4 billion decline from the $120 billion reported by Arkham on May 26. Bitcoin has fallen since May 26, when its price rose beyond $110,000.

Bitcoin achieved a high of $110,474 on May 26; bullish attempts to reclaim the $111,000 level culminated in highs of $110,829 on May 27, following which Bitcoin began to decline.

You Might Also Like

Bitcoin has dropped three days in a row since this date and is currently trading in red as the crypto market fell in the early Friday session, with over $703 million of crypto positions liquidated. Bullish traders accounted for the majority of this figure, which came in at $640 million.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to hold nearly 1.1 million BTC spread across early-mined addresses. These coins have never moved and are considered “off-market,” but their theoretical value still attracts attention during major market moves.

What’s happening?

Bitcoin dropped to its lowest level since May 20 as cryptocurrency markets cooled following a multi-week surge from April lows.

You Might Also Like

The leading cryptocurrency fell to a session low of $104,624 before recovering to $105,570 at press time, down 1.53% in the last 24 hours and 3.9% weekly.

The crypto market is bracing for impact, as the Inflation rate slipped to 2.1% in April, lower than expected, the Fed’s preferred gauge shows.

The personal consumption expenditures (PCE) price index, the Federal Reserve’s key inflation measure, rose only 0.1% in the month, bringing the annual inflation rate to 2.1%, the lowest since 2025.

Expectations are on the Fed to lower its key interest rate, which is positive for risk assets as inflation returns to the central bank’s 2% target. However, policymakers have been hesitant to move as they await the longer-term impacts of trade policy.



Source link

0 comments
0 FacebookTwitterPinterestEmail
With the Illuminate now on the verge of defeat, Helldivers 2 was just hit with a fresh barrage of Steam review bombing apparently rooted in a Galactic War comms mix-up
Game Reviews

With the Illuminate now on the verge of defeat, Helldivers 2 was just hit with a fresh barrage of Steam review bombing apparently rooted in a Galactic War comms mix-up

by admin


Helldivers 2 has been hit with a fresh burst of negative reviews on Steam over the past couple of days, and it looks like the reason for this uptick is rooted in an alleged Galactic War messaging mix-up involving Chinese players keen to defeat the Illuminate.

The good news is that the squids may soon suffer that exact fate, with the battle for Super Earth now in the final stage of its final stage. Though, it has taken Super Earth’s president getting killed in action to get us to that point.

Manage cookie settings

Taking a look at Steam, HD2 has clocked up just under 3500 negative reviews across May 29 and May 30 so far, as opposed to 1514 positive ones. It’s a tiny drop in the bucket compared to the mass of over 220,000 negative reviews that came with last May’s PSN account linking controversy, but still noticeable.

A glance through these recent thumbs downs reveals that a good portion of them are rooted in unhappiness about recent bugs like the stratagem input one. Though, there are also a bunch that cite the percentage “99.9783%” and express frustration at Arrowhead over a recent development in the the Galactic War.

What’s happened looks to be this: with only two mega cities left to defend from the Illuminate invasion – Equality-On-Sea (located in China on Helldivers 2’s in-game map) and Prosperity City (Super Earth’s capital, placed in Sweden, home of developer Arrowhead) – there was a big effort put in by players, especially those in China, to hold on to the former.

Image credit: VG247

Their efforts meant the Helldivers’ hold on the city got to 99.9783%, but because the Illuminate are still invading en-masse in a manner the divers couldn’t put a full stop to at that point because the current order was still ongoing, there was nothing they could do to make Equality-On-Sea 100% theirs.

According to an alleged “level 150 Chinese Helldiver veteran” with the Reddit username Valkyrie_Yukikaze (thanks, GamesRadar), this lead to frustration among Chinese players, which they claim to have not been helped by the game’s Chinese translation apparently explaining defense percentages in a way that “makes it [seem] like that the city can be completely taken back from the invasion”.

Cue anger, coupled with conspiracy theories about Arrowhead and its game master J.O.E.L railroading players into specific outcomes or plot twists in the war, rather than rewarding them for their efforts and reacting dynamically to them. How you feel about that comes down to what you think the job of a D&D-style dungeon master is, but there are plenty of examples of Arrowhead embracing stuff players have done out of the blue in the past – hello mines people decided to save children over.

Anyway, here’s hoping everyone can chill out and come together for the climax of this pivotal major order. While Super Earth’s president has been killed in action overnight, Arrowhead’s latest news briefing says that the squids are “taking heavy losses” that could soon result in them being “forced to abandon the assault” of Super Earth. That’s assuming the divers can keep on holding out, so here’s hoping they stay strong.



Source link

0 comments
0 FacebookTwitterPinterestEmail
elden ring nightreign featured review
Esports

Elden Ring Nightreign becomes immediate smash hit and tops Steam charts

by admin



Elden Ring Nightreign’s success was uncertain considering the game’s nature as a co-op focused spinoff of a game many people choose to play as a purely single-player experience. However, the Steam player counts have proven that the game still has a massive audience.

At the time of writing, it hasn’t even been two hours since the game released, and it’s already near the top of the all-time steam charts at over 300k concurrent players. That doesn’t even include console.

Article continues after ad

If Nightreign is able to continue at this current rate, there’s a good chance it’ll cross the finish line as one of 2025’s most played games. It could even come close to Elden Ring‘s monolithic concurrent player count record of almost 1 million.

Elden Ring Nightreign immediately takes over Steam charts

A quick look at the Steam charts for every From Software game reveals just how far this developer has come and how popular their games are nowadays.

Article continues after ad

While the original Dark Souls redefined the games industry as we know it, that game had a slow burn. Not everyone was into it at first. PC gaming also wasn’t nearly as popular 10 years ago as it is now, meaning that most of FromSoftware’s greatest hits didn’t come out at a time their player count would have been represented on Steam in the droves we see today.

Article continues after ad

Nightreign immediately gained double the concurrent player record of Armored Core 6, the next highest player count game behind Elden Ring, upon release. It’s massively popular, even for a game of FromSoft’s pedigree.

Additionally, Nightreign already sits comfortably in the top 50 most played games of all time on Steam, beating out several massive free-to-play releases despite having a $40 price tag. Though it still comes in below huge games like Marvel Rivals, the fact that everyone playing it paid upfront makes this game hugely profitable for FromSoft.

Article continues after ad

Article continues after ad

As for the game’s quality, we quite liked it. Although it’s worth noting that Nightreign is a lot better with friends, which may be part of why its had such a massive player count explosion upon release.

If you’re just hopping into the game for yourself and looking to figure out which classes are the best to level, how to optimize your graphics on PC, and some crucial tips about remapping your controls, we’ve got you covered.

Article continues after ad



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

BlackRock Bitcoin ETF Investments Have Already Hit a Record Monthly High

by admin



In brief

  • The iShares Bitcoin Trust (IBIT) exchange-traded fund so far amassed $6.22 billion in May, marking its best month ever in terms of monthly inflows.
  • IBIT also logged 10 consecutive days of inflows toward the end of the month.
  • The ETF previously recorded roughly $6.2 billion in inflows in March 2024.

The iShares Bitcoin Trust (IBIT) exchange-traded fund has already amassed $6.22 billion in May, the largest monthly inflow in the history of the exchange-traded fund that has dominated the spot Bitcoin category so far. 

IBIT, which received regulatory approval in January 2024, generated nearly $500 million in investments on Wednesday and has received net inflows every day this month except one, according to data from U.K. asset manager Farside Investors. 

 “[It’s] starting to get ridiculous,” quipped Nate Geraci, president of investment advisor ETF Store, in a tweet Thursday.

Another nearly *$500mil* into iShares Bitcoin ETF…

Starting to get ridiculous.

Inflows 30 of past 31 days.

Nearly $9.5bil in new $$$.

IBIT comfortably in top 5 ETFs by inflows this year (out of 4,200+ ETFs).

— Nate Geraci (@NateGeraci) May 29, 2025

Interest in the funds, which won approval last year, has surged as the price of the underlying asset has risen amid hopeful signs about inflation and other macroeconomic indicators. Bitcoin has also benefited from renewed investor perceptions of the asset as a safe haven largely immune to the currency volatility that has characterized the past few months.

To be sure, the monthly total could dip if IBIT hemorrhages assets Thursday and Friday. The previous monthly high in March 2024 was only slightly lower.



IBIT has added daily investments except for May 13 when it netted zero flows, and the fund has accounted for 90% of all spot Bitcoin ETF flows. It received a May high of $877 million in investments on May 22 and more than $3.8  billion over the past eight days. 

U.S.-listed spot crypto ETFs as a whole have had inflows of $6.74 billion for the month.

Overall, IBIT is “essentially responsible” for all spot crypto ETF net inflows in May and for all of 2025, Sumit Roy, senior analyst at Etf.com, told Decrypt. 

Roy added: “Those numbers really showcase how dominant IBIT has become and how it’s become THE go-to ETF for investors seeking crypto exposure in the ETF wrapper.” 

Institutional and retail traders have flocked to crypto ETF funds amid a more favorable political climate for digital assets in the U.S. that has also spurred countries and corporations to embrace Bitcoin. 

Pakistan crypto adviser Bilal Bin Saqib unveiled on Wednesday at Bitcoin 2025 that the South Asian country is establishing its own Bitcoin strategic reserve. Earlier this week, Trump Media announced it would raise $2.5 billion to invest in the token, while firms such as Semler Scientific and Strategy continue to add millions of dollars of the asset to their treasuries. 

The heightened interest in Bitcoin has helped send its price higher. Bitcoin was recently trading at roughly $106,500, down about 1% over the past 24 hours, although BTC is up almost 12% for the past month CoinGecko data shows.

The largest crypto by market value hit a record high above $112,000 on May 22, a day after U.S. President Donald Trump held a private White House dinner with 220 crypto investors who held his meme coin.

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Apple Logic Pro for Mac
Gaming Gear

Apple’s Logic Pro for iPad and Mac can now capture your performances even when you forget to hit record

by admin



  • Apple’s just dropped a pretty significant upgrade to Logic Pro for Mac and iPad
  • Flashback Capture will handle the recording even if you don’t start it
  • Stem Splitters gains more functionality, and a bit of Apple Intelligence arrives in this creative tool

Apple’s been on a roll with Logic Pro on the Mac and iPad – in 2024, the tech giant ushered in several AI-powered features, including an impressive Stem Splitter, and now, for the first major update of 2025, you could say it’s turning things up to 11.

Leading the improvements for both the Mac and iPad is a new tool that will save your brilliant take, even if you forget to hit the record button. Beyond that, Stem Splitter is an even more powerful tool, and Apple Intelligence is arriving within the long-standing Notepad functionality.

So let’s start with Flashback Capture – this is a renaming of ‘Capture Recording’ and an expansion of its capabilities. Whether you’re a pro at Logic or maybe just upgrading from GarageBand, you’ve likely experienced this when you start strumming on a guitar, sing a few chords, or play another instrument – greatness strikes, but you forget to hit record. This feature has the potential to be a lifesaver, as it automatically captures your performance before you hit record.


You may like

(Image credit: Apple)

With the press of a button, you can then make it appear on your timeline. As part of its rebranding, Flashback Capture now works with any MIDI source – or, more accurately, with any audio source. It also works if you play something while listening to another piece of your timeline – when inspiration strikes, regardless of whether you start recording, Flashback Capture kind of saves the day. This update is now available for Mac with Logic Pro 11.2 and for iPad with Logic Pro version 2.2, both of which are now available.

The ever-popular Stem Splitter, which utilizes AI to analyze an audio file and separate the instruments or vocals into individual tracks, is receiving an enhancement. Previously, it could separate vocals, bass, and drums into separate tracks while placing other potential elements into a track called “other.”

Now, Apple is adding the ability to recognize piano and guitar, while also promising better audio fidelity. This should be pretty helpful, though if you have a horn section in your band, those wonderful brass instruments will still live in the ‘other’ track. There will also be presets to pick from, including a cappella, instrumental with vocals, or just instrumental. Stem Splitter will still only be available on Macs and iPads with Apple Silicon inside, specifically the M1 chip or newer.

(Image credit: Apple)

While there is some AI and machine learning, Apple is also incorporating Writing Tools integration. Essentially, the Notepad tool inside Logic Pro will now have a dedicated button for Writing Tools, allowing you to leverage Apple’s own models or ChatGPT’s smarts to help flesh out lyrics, potentially.

If you’re keen on new sound packs, Logic Pro on the Mac is gaining Magnetic Imperfections and Tosin Abasi, while the iPad version gets the brand-new Dancefloor Rush. The latter here offers alchemy patches and hundreds of loops, all themed around drum and bass. It sounds a lot like summer pop and should be fun.

(Image credit: Apple)

Lastly, for Logic Pro on iPad, Learn MIDI is arriving and will help you get the hang of these physical control devices with minimal previous experience. Essentially, you can plug a compatible MIDI device into your iPad via USB-C and then assign a function in Logic Pro to a physical control, such as a knob. You’ll be able to customize the experience to your exact needs, and as they evolve, you can adjust your setup accordingly.

The best news, though, and keeping with Apple’s past enhancements to the software suite, is that if you’ve already bought Logic Pro for the Mac or subscribe to Logic Pro for iPad, you’ll get all these new features for free.

Apple’s also not increasing the cost for either. Logic Pro for the Mac is still a one-time purchase of $199.99 / £199.99 / AU$ 299.99 and Logic Pro for iPad is $5.99 / £4.99 / AU$7.99 or annually at $49.99 / £49.99 / AU$59.99.

Additionally, you can still get a one-month free trial on the iPad or a 90-day free trial on the Mac for Logic.

You might also like



Source link

0 comments
0 FacebookTwitterPinterestEmail
AAVE price targets a 45% surge as exchange reserves hit a 4-year low
GameFi Guides

AAVE price targets a 45% surge as exchange reserves hit a 4-year low

by admin



AAVE continues its strong rally, reaching its highest level since Feb. 2 as both fundamentals and technicals align.

AAVE (AAVE) surged to $281 on Tuesday, extending a rally that began on April 7 when the token bottomed at $114.15.

The uptrend has been supported by rising investor demand, reflected in a sharp drop in exchange balances. According to Santiment, the number of AAVE tokens held on centralized exchanges has declined to 3.17 million, down from 4.53 million in Nov. 2023. This is the lowest exchange balance since Feb. 2021.

AAVE supply in exchanges | Source: Santiment

Falling supply on exchanges is typically interpreted as a bullish signal, indicating that investors are opting to hold rather than sell. In contrast, increasing exchange supply often suggests rising sell pressure.

A closer look at AAVE’s fundamentals helps explain the bullish momentum. The total value locked in the protocol has reached a record $26.42 billion—up more than 30% over the past 30 days, signaling a sharp increase in network activity.

Protocol revenues have also stabilized. AAVE generated $33.8 million in fees this month, slightly higher than last month’s $33.3 million. This consistent revenue stream positions AAVE among the most profitable platforms in decentralized finance.

AAVE has also seen higher staking inflows, with the staking market cap hitting $800 million, from $454 million last month. In ETH terms, the staking volume has risen from last year’s low of 84k to 300k today.

GHO, AAVE’s native stablecoin, has also experienced surging demand, with its market cap hitting an all-time high of $265 million.

AAVE price technical analysis

AAVE price chart | Source: crypto.news

The daily chart shows that the AAVE token price has been in a strong bull run in the past two months. It has even formed a golden cross pattern as the 50-day exponential moving average has moved above the 200 MA. 

The Average Directional Index has surged to 42, a sign that the uptrend is gaining momentum. ADX is one of the most popular indicators for measuring the strength of a trend. 

AAVE has also broken above the 38.2% Fibonacci retracement level from the previous cycle. This breakout increases the likelihood of a continuation higher, with the next key target at $400, representing a 45% gain from current levels.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close