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Aave AAVE/USD is an open-source, non-custodial protocol that allows users to earn interest on deposits and borrow assets. 

Aave utilizes the decentralization and security of Ethereum’s blockchain.

On October 30, we discussed the potential growth of the Aave token in November, alongside other tokens.

On November 4, AAVE introduced Aave V3. 

This is an update that maintains core concepts for which the Aave Protocol is known but provides new features that, in turn, allow users to create new use-cases.

This is an update that could potentially lead the way to a new way of innovation for the community.

With it, they discussed several updates, including Portal, High-Efficiency Mode, Isolation Mode, Risk management Improvements, L2-Specific Features, and Community Contribution.

Specifically, Portal allows assets to seamlessly flow between Aave v3 markets throughout different networks.

On November 15, Aave (AAVE) had a value of $311.27.

To get a better perspective on what kind of value point this is for the token and what kind of price movement we can expect from it, we are going to compare it to its all-time high value as well as its performance in October.

AAVE’s all-time high was on May 18, when the token reached a value of $661.69. Here we can see that at its ATH point, the token was $350.42 or 112% higher in value than at its value on November 15.

In terms of the token’s value in October, its lowest point was on October 12, when AAVE was worth $272.61.

AAVE’s highest point of the month was on October 27, when the token reached a value of $422.97.

Here we can see that throughout October, the token increased in value by $150.36 or by 55%.

However, from October 27 to November 15, the token fell in value by $111.7 or by 26%.

According to data from IntoTheBlock, AAVE saw $805.49 million in transactions greater than $100,000 within the last seven days.

Additionally, AAVE saw $63.63 million in total exchanges inflows as well as $54.08 million in total exchanges outflows.

With all of this in mind, we can expect AAVE to reach a value of $350 by the end of November, making it a worthwhile investment.

The post AAVE Price Movement: Will Aave v3’s new portal feature lead to an increase in the token’s value? appeared first on Invezz.

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