Aave Price Down 34.9% Over Last 7 Days (AAVE)

Aave (AAVE) traded up 0.3% against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on May 14th. Aave has a market cap of $1.17 billion and $132.15 million worth of Aave was traded on exchanges in the last 24 hours. One Aave coin can now be purchased for approximately $85.17 or 0.00285390 BTC on exchanges. Over the last week, Aave has traded down 34.9% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded 0.6% higher against the dollar and now trades at $29,845.72 or 1.00011640 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003353 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00003351 BTC.
  • Polygon (MATIC) traded 3.9% lower against the dollar and now trades at $0.67 or 0.00002257 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • FTX Token (FTT) traded down 0.2% against the dollar and now trades at $31.33 or 0.00105000 BTC.

Aave Profile

Aave is a coin. Its launch date was October 2nd, 2020. Aave’s total supply is 16,000,000 coins and its circulating supply is 13,715,753 coins. The official website for Aave is ethlend.io. The official message board for Aave is medium.com/@ethlend1. The Reddit community for Aave is /r/ETHlend and the currency’s Github account can be viewed here. Aave’s official Twitter account is @AaveAave and its Facebook page is accessible here.

According to CryptoCompare, “Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. The goal of Aave as a protocol is to bring decentralized finance to the masses. Aave protocol has been audited and secured. The protocol is completely open source, which allows anyone to interact with Aave user interface client, API or directly with the smart contracts on the Ethereum network.. Feel free to refer to the White Paper for a deeper dive into Aave Protocol mechanisms. Aave (LEND) is migrating to Aave (AAVE), please refer to the following announcement.   “

Buying and Selling Aave

It is usually not currently possible to purchase alternative cryptocurrencies such as Aave directly using US dollars. Investors seeking to acquire Aave should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Aave using one of the aforementioned exchanges.

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