© Stocksak. AAVE and XTZ outperform BTC and Get Listed on Robinhood Platform
- AAVE and BTC have outperformed them.
- Robinhood’s 22.8 million funded accounts will help along altcoin adoption.
- AAVE still faces the possibility of a 10% price correction.
During the past 30 days, it has been outperformed most altcoins. AAVE, which is up more than 11% in the last month, is one example of such altcoins. Tezos (XTZ) is another crypto that is beginning to make a name for itself. XTZ is beginning its recovery with a 1.62% price hike in the last 24hrs.
Robinhood (NASDAQ):, a commission-free trading platform that lists the two crypto currencies, has also contributed to the hype.
AAVE is a token that allows for open source liquidity protocols, while XTZ is a cryptocurrency that can be used for peer-to–peer transactions. Robinhood will now make both of these cryptocurrencies available to more than 15.9 Million monthly users.
Many believe that the listing and adoption of these cryptos will be a huge boost for altcoins. Robinhood boasts approximately 22.8 million funds accounts. This will only increase the potential. Moreover, Robinhood Markets This is the trading app for the exchange and now includes 19 cryptocurrencies such as Bitcoin, AAVE, XTZ.
Both AAVE prices and XTZ prices have dropped 75% over the past year. However, Tezos’ rejected partnership with Shopify (NYSE:) and its new listing on Robinhood should help XTZ recover its price.
AAVE-USDT 4h (Source: Binance)
Elliott Wave, a well-known crypto analyst believes that AAVE’s value could rise to $92.5. However, a correction in the price is still possible. Wave believes that a 10% drawdown from the crypto’s current level is very likely.
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