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Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
Key takeaways
- The call comes from Geoff Kendrick, the bank's global head of digital assets research, who also put a $100 target on Uniswap's UNI token last week.
- His Aave thesis is that the protocol will recover its dominant position in decentralized lending as the broader DeFi market grows, with assets across the sector projected to expand roughly 37 times by 2030.
- AAVE reaching $180 by year-end before climbing in stages to $600, $1,200 and $2,200 over the following three years, Kendrick said.
The call comes from Geoff Kendrick, the bank's global head of digital assets research, who also put a $100 target on Uniswap's UNI token last week.
His Aave thesis is that the protocol will recover its dominant position in decentralized lending as the broader DeFi market grows, with assets across the sector projected to expand roughly 37 times by 2030.
AAVE reaching $180 by year-end before climbing in stages to $600, $1,200 and $2,200 over the following three years, Kendrick said.
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