• Aerodrome Finance token AERO is skyrocketing.
  • The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
  • Recent Coinbase integration looks to be the key driver.

Aerodrome Finance’s native token, $AERO, has surged by 20%, reaching $0.96.

The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AERO’s resilience stands out.

Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

There’s growing confidence in Aerodrome Finance’s decentralized exchange (DEX) ecosystem on the Base chain.

Aerodrome Finance price: AERO pumps 20%

While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

This performance positions $AERO to potentially outpace most altcoins in the short term.

AERO’s price surge is primarily driven by Coinbase’s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

The integration, announced recently, exposes $AERO to Coinbase’s 10 million-plus users, boosting liquidity and adoption.

Additionally, a 1.3× boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

AERO’s 74% weekly gain and Coinbase’s role in its rally reflect strong community sentiment.

The Aerodrome Finance team notes the platform is getting greater attention.

“At Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,” they posted on X.

“[That’s] why we’re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.”

Aerodrome Finance price prediction

Analysts are optimistic about $AERO’s trajectory, given its technical breakout and fundamental catalysts.

The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

Long-term, $AERO’s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

With over 1 million tokens locked for governance and public goods, the protocol’s fundamentals remain robust.

While Middle East tensions may cap broader market gains, $AERO’s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

 





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here