Cryptocurrencies Price Prediction: Aave, Bitcoin & Meme coins — Asian Wrap 08 April

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AAVE price climbs as founder talks of “fee switch” to redistribute fees to stakers and holders

Aave (AAVE), a DeFi protocol that earns $50 million in profits every year, is considering the redistribution of fees among the token’s stakers and holders. The founder Marc Zeller said that the platform’s Decentralized Autonomous Organization (DAO) earns enough profits to cover operational expenses for the next five years.

Bitcoin halving is less than two weeks away, traders likely to buy the rumor sell the news

Bitcoin has been range bound since its year-to-date peak of $73,777 on March 14. The largest asset by market capitalization is less than two weeks away from its block reward halving and analysts at Steno Research say a “buy the rumor, sell the news” scenario is likely.

Base hits nearly $1.3 billion in total value locked, meme coins rally

Base chain, Coinbase’s Layer 2 chain hit two key milestones on Sunday, April 7. The chain surpassed the Ethereum Layer 1 in terms of transactions per second and hit a new milestone in total value of cryptocurrencies locked on Base.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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