Aerodrome Finance [AERO] is causing a stir in the cryptocurrency arena, rivaling established giants such as Ethereum [ETH] and Uniswap [UNI].
Despite experiencing a correction phase post its peak at $2.36, AERO’s underlying principles indicate the potential for further price escalation. The token has reached a new peak in total value locked (TVL) at $869.73 million, with a market capitalization of $524.3 million.
The 24-hour trading volume currently sits at $30.22 million, with a fully diluted valuation of $1.069 billion. As TVL continues to expand, this growth could result in increased adoption and a higher valuation for AERO.
AERO’s Revenue Allocation
The distribution of AERO’s revenue plays a crucial role in its ascension. A sizable portion of the revenue is funneled to token holders, positioning AERO favorably compared to Ethereum and Solana in terms of the proportion benefiting holders.
This transition underscores a fresh paradigm of public, permissionless, and transparent token allocation, contributing genuine, immutable on-chain utility.
These dynamics place AERO more in line with tokens like Bitcoin and Ethereum rather than Uniswap, serving as pivotal factors in propelling AERO’s valuation upwards.
Can a resurgence to $1.5 be attainable?
Encouraging AERO Price Trends…
AERO’s price trajectory has turned bullish, breaking out of a symmetrical triangle pattern to trade at $0.85, showcasing robust momentum.
The Moving Average Convergence Divergence (MACD) indicator indicates a bullish trajectory, with momentum bars shifting to green.
These signals hint that AERO might soon reclaim the $1 mark, and with favorable market conditions, it could potentially set sights on reaching $1.5 by Q4 of 2024.
Enhanced Orderbook Liquidity Delta
An additional underpinning for an increased AERO valuation is the positive orderbook liquidity delta chart, signaling a stronger presence of buy orders over sell orders.
While orderbook liquidity doesn’t singularly dictate price movements, it amplifies the probability of AERO’s upward mobility. This optimistic liquidity landscape may further bolster AERO’s uptrend.
AERO is primed for expansion, backed by solid fundamentals, an escalating TVL, and a rising revenue share directed towards token holders.
The optimistic price movement, alongside favorable orderbook liquidity, renders the attainment of the $1.5 price level a viable prospect. With an improving market environment, AERO’s valuation could sustain its upward trajectory.