AAVE Price Nears Cycle High Amidst Institutional Buying, Says DeFiance Capital CEO

In a recent update on December 24th, Arthur Cheong, Founder and CEO of DeFiance Capital, highlighted notable movements in the decentralized finance (DeFi) sector. Despite a bearish market sentiment prevailing across various cryptocurrencies, AAVE is witnessing a significant upswing, nearing its cycle high. Cheong attributes this rally to increasing institutional investments, as firms may be accumulating AAVE to feature in their year-end financial disclosures. This strategic positioning underscores AAVE’s status as one of the most resilient DeFi assets and reinforces its potential role as a cornerstone in the future of finance. As institutions look to balance their portfolios, AAVE’s performance indicates a bullish outlook that could influence market trends heading into the new year.