Aerodrome Finance (AERO) Token Price Soars 250% This Week as Investors Cheer Donald Trump Win

Aerodrome Finance (AERO) token price has continued its strong bull run this week as investors cheered the Donald Trump win and the rising crypto fear and greed index.

Aerodrome Finance (AERO) token price has soared in the past seven days amid news of Donald Trump’s victory in the recent election and the rising crypto fear and greed index.

The token traded at a high of $1.4 on Thursday morning, which is about 250% up from the year-to-date low, and brought its valuation to over $967 million.

Aerodrome price rises as Base network thrives

Aerodrome Finance has risen to become one of the top crypto projects in a fairly short period.

It is a leading automated market maker in the Base Blockchain, which was launched by Coinbase in 2023.

Data shows that its volume has continued to grow, propelling Base into one of the biggest players in the DEX industry in the past few months.

According to DeFi Llama, Aerodrome V1 handled over $865 million in volume in October. Its website shows that the network has over $1.2 billion in total value locked (TVL), making it the 31st biggest name in DeFi.

More data shows that Aerodrome Finance’s network handled over $1.08 billion in assets in the last 24 hours. It handled over $4.52 billion in the last seven days, which is remarkable for a network that has been around for just a few months.

Aerodrome outperformed other big names in the Base ecosystem such as Uniswap, PancakeSwap, BaseSwap, and the Degen Coin.

One of the reasons why Aerodrome Finance is performing so well is that its platform has significantly lower transaction costs than other networks like Uniswap and PancakeSwap.

Additionally, the network is being supported by the growth of the Base ecosystem. For example, the biggest meme coins in the Base ecosystem have a market cap of over $1.5 billion. They include popular names like Brett, Degen, Toshi, Keyboard Cat, and Higher.

This trend will continue to do well as Base solidifies its state as the biggest layer-2 network in the industry.

AERO’s surge came as its futures open interest soared to a record high of over $13 million this week. Open interest is a figure that looks at the amount of unfilled orders in the futures market and is a good indicator of demand.

Most importantly, the AERO token price surged following Donald Trump’s victory in the election, a move that will lead to friendlier regulations, as Brian Armstrong, the head of Coinbase noted on Wednesday.

True

In an X post, a trader going by the user name HashSpike predicted that the Aerodrome token will have 10x gains, which would imply its price soaring to $14 in the long term.

Market goes up: $AERO lockers be printing

Market goes down: $AERO lockers be printing

Market goes sideways: $AERO lockers be printing

$AERO goes 10x: $AERO lockers be printing 10x more.

And I don’t see how $AERO won’t do at least a 10x from here in a full-blown bull run,…

AERO price analysis

AERO token chart by TradingView

Turning to the daily chart shows that the AERO token price has been in a strong bull run in the past few weeks. After crashing to a low of $0.397 in July, the token has soared to $1.40, its highest point on October 15.

Aerodrome token is nearing the important resistance point at $1.621, its highest point on October 15. It has also jumped above the 50% Fibonacci Retracement point.

Moreover, the coin has remained above the 50-day and 25-day moving averages. It has also moved to the weak stop & reverse point of the Murrey Math Lines of $1.367.

Therefore, the token will likely continue rising, with the next point to watch will be at $2.37, its all-time high, and 70% above the current level. This move will be confirmed if the AERO price jumps above the $1.62.

On the flip side, a drop below the key support at $0.977, the top of the range part of the Murrey Math Lines will invalidate the bullish view.