Aevo (AEVO) Price Rally Fizzles Out After Early Gains, Recovery Ahead?
(note: the post contains data by CoinGape)
After hitting an all-time high of $4.46 on the day of launch, the Aevo (AEVO) price rally has come to a halt. As of press time, AEVO is trading 4.38% down at a price of $2.87 with a market cap of $315 million. Furthermore, there’s a 64% drop in the daily trading volumes suggesting that investor interest is waning.
In addition to Binance, other prominent exchanges like OKX, Bitgert, WhiteBIT, Kucoin, and more swiftly listed the AEVO token. Its availability on these decentralized exchange platforms further contributed to its growing popularity.
Currently, the Total Value Locked (TVL) within AEVO stands at over $14 million. However, this figure reached its peak towards the end of 2023 and the beginning of 2024, reaching an impressive high of over $25 million during this period. This trend reflects a significant contraction of 44% in the TVL within a relatively short span of under three months.
However, market analysts continue to be bullish on AEVO in the long term. Some of the top market analysts are making the most of the current dip. Crypto analyst Doctor Profit expects 10x gains for AEVO in the coming months.
