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Cryptocurrency News Articles

Aave and Bittensor Highlight the Crypto Market's Volatility

Mar 20, 2025 at 01:20 am

AAVE recently saw a notable price increase following a proposal to update its economic model, while Bittensor (TAO) faced a slight decline

Aave and Bittensor Highlight the Crypto Market's Volatility

AAVE price rallied 26.6% in 24 hours to $220, reaching a market cap of $3.33 billion and a 24-hour trading volume of $728.45 million. The AAVE price prediction is bullish as the crypto price is up over 100% since the start of 2024.

This surge follows the release of a new proposal, "Aavenomics Implementation: Part One," which aims to update the Aave protocol’s economic model.

The Aave update will focus on shifting revenue streams, adjusting AAVE tokenomics, and managing liquidity. It also includes a $1 million weekly AAVE buyback program and new features like Anti-GHO and Umbrella.

Since mid-2024 alone, Aave’s treasury has grown 115%, now holding $115 million.

Bittensor (TAO) price today is down by 2.14% in the last 24 hours, with the price currently at $292.04.

As the price of Bittensor (TAO) continues to be impacted by market volatility, traders are closely monitoring the Bollinger Bands on the four-hour chart, which indicate a band in price volatility.

The price action is currently testing the lower boundary of the Bollinger Bands, suggesting potential for a bounce if the bulls manage to exert some strength.

Relative Strength Index (RSI) is approaching the oversold territory, suggesting that the bears might be in control in the short term.

A further breakdown from the lower band of the Bollinger Bands could propel the price towards the next support level at $261.70, which is defined by the Point of Interest (POI).

The 24-hour trading volume has decreased, which could be a sign of reduced interest from traders.

Bittensor price analysis: Bearish trends persists

The price of Bittensor (TAO) has decreased by 2.14% in the past 24 hours, with the recent price movements placing Bittensor in a bearish trend.

The price is currently at $292.04, and it is showing signs of increased volatility, as indicated by the Bollinger Bands on the four-hour chart.

The price action is currently testing the lower boundary of the Bollunger Bands, suggesting that the bulls might struggle to push the price higher.

Relative Strength Index (RSI) is approaching the oversold territory, suggesting that the bears might be able to push the price lower. A reading below 30 is typically considered oversold, while a reading above 70 is overbought.

The 24-hour trading volume has decreased, which could be a sign of reduced interest from traders.

A four-hour Bittensor price analysis shows that the price has pulled back from the upper boundary of the Bollinger Bands, which placed the price in a strong bull trend.

However, the price is now encountering support at $268.23, and the lower band of the Bollinger Bands, which could slow down the bearish trend.

As the price action continues to navigate within the defined ranges, traders will be closely monitoring for any bullish signals that could spark a reversal from the current bearish trend.

The strength of the bears will depend on whether they manage to push the price through the Point of Interest (POI) at $261.70.

Presale crypto is heating up in 2025 with new Hackathon Seriesannounced by BlockDAGcoin

The presale crypto is taking the market by storm in 2025, with several projects already making waves in the industry.

Among the notable presale coins is BlockDAG (BDAG), a revolutionary cryptocurrency that is rapidly gaining attention for its unique technology and promising use cases.

Recently, BlockDAG announced an exciting partnership with HackerEarth for its upcoming Hackathon Series, kicking off in March 2025.

This series will provide a unique platform for over 10K developers to showcase their skills and earn massive rewards.

The BlockDAG coin has already been recognized as one of the best cryptos for higher returns in 2025, with analysts at DigitalCoinPrice setting an Aterosnal price prediction of $0.94 by the end of 2025.

This prediction is based on the rapid adoption rate of the BlockDAG token and the increasing demand for its underlying technology.

This series will feature a unique hybrid format, combining the best of online, in-person, and localized events. The events will be accessible to developers in various parts of the world, who can participate in various programming languages and technologies of their choice.

At the Hackathon Series, developers will have the opportunity to experiment with the future of blockchain technology. They can

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Other articles published on Mar 20, 2025