Crypto Analyst Issues Aave Alert, Updates Outlook on Litecoin and Ondo Finance
A popular crypto analyst has issued a warning about Aave (AAVE), a top decentralized lending protocol built on Ethereum (ETH). The trader Ali Martinez tells his 98,500 followers on the social media platform X that social volume and positive sentiment around Aave’s native token are skyrocketing. “With the crowd’s growing focus on AAVE, a brief pullback might be on the horizon, as markets often move against popular sentiment.” Source: Ali Martinez/X AAVE, the 34th-ranked crypto asset by market cap, is trading at $384.85 at time of writing. Turning to Litecoin, Martinez says that LTC is “irrelevant, both fundamentally and technically.” The analyst argues that Litecoin hasn’t added anything significant to the crypto industry in terms of innovation. “And let’s not forget: [Litecoin creator] Charlie Lee famously sold all his Litecoin at the top in 2017. If the creator doesn’t believe in his project enough to hold it, w...