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Aevo price rose 7% to trade at $3.01 as of 4:50 AM EST time.
Aevo is the first derivatives Layer 2 (L2) network, focused on trading options and perpetuals. It is built on top of the Ethereum blockchain and is backed by Coinbase Exchange as an investor.
The increase in the Aevo price follows the listing of AEVO on Binance Exchange, the largest trading platform in terms of market capitalization.
Aevo is LIVE @binance
— Aevo (@aevoxyz) March 13, 2024
It comes just days after Binance launch pool brought AEVO on board for farming, allowing users to stake and earn crypto for free.
How to farm $AEVO on #Binance Launch Pool:
1. Commitment #BNB And #FDUSD
2. Earn free cryptocurrencySimple as that.
➡️ https://t.co/wv8B7j1NdT pic.twitter.com/3gpVoNlFGo
— Binance (@binance) March 11, 2024
Following the AEVO Launchpool, Binance Futures also announces a new promotion for AEVO to reward the community. New futures users and their referrers had the opportunity to participate from March 8 to 13, sharing a total prize pool of 120,000 AEVO.
Even amid the hype surrounding Binance’s listing of AEVO, the network is concerned about an increase in the number of fake accounts targeting members of the Aevo community. Specifically, the bad actor shares misinformation and links to scams. The network advises caution.
— Aevo (@aevoxyz) March 13, 2024
Such activities tend to spread fear, uncertainty, and doubt (FUD) in the community, which explains the little to no increase in trading volume for the AEVO token over the past 24 hours.
Aevo Price Forecast Amid Binance Listing Mania
Aevo price is moving within a range of the 1-hour time frame, with the odds steadily leaning in favor of the downside of the lower time frame on Binance. The Relative Strength Index (RSI) appears moderate, dropping below the 50 threshold.
What further accentuates the bearish thesis is that Aevo price remains stuck below the Bollinger Indicator centerline at $3.05. Increased seller momentum could see Aevo price lose support due to the lower band of the Bollinger indicator at $3.83. In a severe case, the Derivatives Protocol price decline could cause the Derivatives Protocol price to fall below the $2.80 support, creating resistance and creating a lower low. This could give the bears a chance to conquer the market.
TradingView: AEVO/USDT 1-hour chart
On the other hand, if the bulls have their way, Aevo price could push north, turning the midline into support and using it as a starting point for more gains. A decisive candlestick close above the upper band of the Bollinger indicator at $3.26 could set the pace for a continuation north.
In a very bullish case, Aevo price could break the $3.30 high, with the potential to extend higher and create a new local top.
As the Aevo price continues to consolidate within limits, consider Scotty AI, a new presale that has gone parabolic. It has now raised almost $10.5 million, most of that in the last week alone.
Promising alternative to AEVO
Scotty the AI advertises himself as the guardian of the digital world. It has deep insights into the inner workings of blockchain technology, achieved by staying up to date on all things AI, blockchain and cryptocurrency.
$SCOTTY #1 memecoin
(with Ai utility)The best coin of the year might be this Ai project.
YouTube link below.
Participate in the pre-sale herehttps://t.co/zRmy4g8hfW#Bitcoin #Shiba #Ethereum #memecoin $SHIB $DOGE #Binance
???? watch YouTube video ????https://t.co/U6tStiII1O pic.twitter.com/FjZUTWhepp
— Scotty de Ai (@ScottyThe_Ai) March 10, 2024
Scotty the AI expertly dissects complex algorithms and code and cleverly identifies patterns and anomalies. These would otherwise have been missed by even the most skilled human programmers.
The team behind Scotty has outlined a comprehensive roadmap for the future of Scotty the AI. The first phase involves launching the Scotty community and conducting a Scotty AI contract audit.
The project’s staking feature offers a 30% annual return, while over 470 million SCOTTY tokens have already been staked. Scotty AI token rewards are distributed to users at a rate of 82.5 $SCOTTY per ETH block and are payable over 3 years.
Scotty the Ai Token: Early Bet for High Returns | Token presale details and staking processhttps://t.co/uSbD5vAFEA
— Scotty de Ai (@ScottyThe_Ai) February 18, 2024
The project’s pre-sale sold out earlier than expected, prompting the developers to extend it by a week. The token will hit the market in less than four days, but market rumors say the presale may be halted today due to overwhelming demand.
This means this is the last chance to purchase SCOTTY at the list price of $0.01.
Investors can buy the token with Ethereum (ETH), Tether (USDT) or bank cards.
Visit and purchase Scotty the AI here.
Also read:
New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
- Earn free Bitcoin every day
- Native token now on pre-sale – BTCMTX
- Staking Rewards – Over 50% APY
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