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Crypto Market News: AAVE, Hedera, and BlockDAG Prospects

Crypto Market News: AAVE, Hedera, and BlockDAG Prospects

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by Giorgi Kostiuk

2 days ago


Recent updates in the crypto market show AAVE's stability, ETF delays for Hedera, and BlockDAG's emerging prospects.

AAVE Market Update

AAVE remains steady at around $298, swinging between $295 and $307. The market cap is approximately $4.5 billion with over $69.6 billion locked in the protocol, making AAVE one of the largest DeFi platforms. Trading volumes have remained healthy, with about $406 million changing hands daily and weekly fees of $21 million. While there’s no breakout energy in price, these fundamentals keep Aave firmly in the DeFi spotlight.

Hedera News: ETF Delays and Ecosystem Growth

Hedera news centers on the SEC delaying Grayscale’s Trust-to-ETF decision to November 12. HBAR trades near $0.23, with $0.25 as key resistance. The launch by Archax of Pool Tokens on Hedera expands access to tokenized funds. Wyoming is utilizing Hedera for the FRNT stable token, while new AI-Studio SDK tools support developers in the ecosystem.

BlockDAG: Final Chance at Low Price

BlockDAG's presale has crossed $405 million, with over 26.2 billion BDAG coins sold at a locked-in price of $0.0013. What sets BlockDAG apart is the active user base mining before launch and the upcoming Awakening Testnet introducing new features. The price will increase after October 1, marking a significant opportunity.

AAVE shows strength in liquidity and adoption but remains steady in price. Hedera is building momentum despite ETF delays, while BlockDAG is notable for its active user engagement and low-price entry opportunities.

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