Aave Price Prediction 2022-2031: Is AAVE a Good Investment?
Aave is a robust DeFi protocol ranked 11 in the list of top DeFi tokens by market capitalization, according to CoinMarketCap as of 4 April 2022. Although the token has not shown gains YTD, its monthly performance is bullish, driven by the launch of Aave V3 update.
Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow cryptocurrencies in exchange for paying a variable interest rate. Lenders get paid at a certain interest and those who borrow pay interests on the crypto coins. However, if you want to trade, you need to know what the market says.
Today’s Aave price is $87.54 with a 24-hour trading volume of $239,415,247. Aave is down 11.81% in the last 24 hours. The current CoinMarketCap ranking is #45, with a live market cap of $1,224,770,555. It has a circulating supply of 13,990,324 AAVE coins and a max. supply of 16,000,000 AAVE coins.
Let’s take a closer look at the circumstances of the coin before diving into AAVE price prediction in trying to determine whether it should be part of our crypto portfolio.
What’s AAVE?
Aave is simply an Ethereum-based money market where users can borrow and lend various digital assets, from stablecoins to altcoins. Aave (AAVE) is also the native cryptocurrency of the Aave platform: a decentralized finance (DeFi) platform where users can borrow a range of cryptocurrencies and lend assets in exchange for interest payments, all without needing an intermediary.
Decentralized lending system
Users of AAVE now require a traditional financial institution to manage their money. They need to trust the code used to write the program, and they won’t be disappointed. If you’re wondering about AAVE, it’s an acronym for African American Vernacular English. No matter, know that among several emerging DeFi cryptocurrencies, Aave is a decentralized lending system that allows users to lend, borrow, and earn interest on crypto assets without intermediaries.
The AAVE software allows a lending pool capable of lending or borrowing up to 17 different crypto coins, some of which include ETH, BAT, and MANA. And just like other DeFi systems, if you want to borrow AAVE, you need first to deposit collateral. The equivalent of whatever you post is what will be given to you as a loan. The borrower then collects the funds as a unique token called aToken. The aToken is assigned the worth of another asset and then encoded so that lenders receive interests when they deposit.
5th highest TVL
Aave, along with the likes of Uniswap (UNI), Compound (COMP) and Curve, is considered one of Ethereum’s blue-chip DeFi protocols. Aave is also deployed on layer-1 network Avalanche (AVAX) and Ethereum’s layer 2 protocol Polygon (MATIC).
According to DeFi total value locked (TVL) aggregator DefiiLlama, the Aave protocol has the fifth highest TVL across all blockchain at $14.3bn, as of 4 April. Aave protocol is currently the top DeFi platform in terms of TVL on Avalanche and Polygon.
Aave Overview
AAVE Founder
Source: Bing images
AAVE was developed by Stani Kulechov in 2017. Stani hails from Finland, and he is a programmer and an entrepreneur. He started the AAVE cryptocurrency. He is majorly into cryptocurrency, blockchain, and fintech.
He graduated with a Law Master’s degree in 2018. He graduated from the University of Helsinki. While at the university, he worked as a Trainee at a Law Firm named Castrén and Snellman between January and May 2017. He was still a trainee between August and November of the same year at Bird and Bird. He then became a Member of the Legal Aid Committee of the Law Students Association of Pykäläry.
While he was at the university for his Master’s, finance struck his interest, becoming involved with FinTech. The concepts of smart contracts and Ethereum blockchain became appealing to him, and he was motivated to develop a decentralized financial system.
AAVE’s Price History
ETHLend started in 2017 as a peer-to-peer digital asset lending and borrowing platform. It generated $16.2 million during an initial coin offering (ICO). During the same ICO that 1 billion units of LEND coins were sold, with 300 million reserved for the AAVE team.
ETHLend was given a new name in 2018, AAVE, with ETHLend becoming a subsidiary. Note that AAVE means ghost in Finnish. In January 2020, the protocol officially went live on the Ethereum mainnet. By August of the same year, the AAVE token rose to be the second DeFi protocol to get to $1billion in total value locked, with MakerDao being the first.
In the same month (August), AAVE was awarded an EMI (Electronic Money Institution) license by the FCA, which saw LEND rapidly rise by 30% to a new ATH at the time. Around the same time, a second version of the AAVE protocol was announced and was released on 3 December of the same year. Other features were reported simultaneously, involving a trading desk, a game studio, and a payment system.
Aave’s proposal to upgrade its protocol was passed unanimously by its community. Following Aave v3’s mainnet launch on 16 March, AAVE token surged as much as 114% to a near three-month high of $261.29 hit on 1 April 2022.
Where to buy AAVE?
Steps to Buy Aave
Step 1 – Open an Online Account. The 1st step to buying Aave begins with opening an account with an exchange that supports Aave. …
Step 2 – Buy a Wallet (Optional). After deciding where you want to purchase Aave and opening your account, you can open a wallet to store your tokens safely.
Step 3 – Make Your Purchase.
Crypto.com App users can now purchase AAVE at true cost with USD, EUR, GBP, and 20+ fiat currencies and spend it at over 60M merchants globally using the Crypto.com Visa Card.
Coinbase customers can now buy, sell, convert, send, receive, or store AAVE, in all Coinbase-supported regions, except New York State. Same steps as on top.
Aave Technical Analysis
Aave has been on a sharp drop this year, losing about 50%, and traded in an oversold territory in mid-June. The trend changed in July and has been on an upward trend to date. The MACD histograms show little price momentum, with the William Alligator trend lines suggesting a positive trend in the short term.
Aave Price Predictions 2022 – 2031
Walletinvestor
The site uses machine learning and artificial intelligence (AI) to provide the Aave price forecast. The AI rates Aave’s historical data index C and comments that it would make a bad one-year investment. The Aave price will drop by 86.09% to a future price of $14.188 in August 2023. The site indicates a bullish market price prediction for the coming two weeks, and Aave will rise to $113.169 at the end of the period. The negative trend will continue in 2024 at -91.05% ROI and drop to -93.185% in 2025. The ROI will be -95.51% in 2026 and -97.94% in 2027.
TradingBeasts
This site uses linear and polynomial regressions to predict future values of Aave. The Aave token will sell at an average of $102.858 in September. The price will rise gradually to $103.907 at the end of the year. In 2023 Aave will sell at an average price of $104.958 in January and $135.842 in December. The site provides a bullish Aave price prediction from 2024 to 2025. In 2024, Aave’s average trading price will be $139.740 in January and $181.276 in December. In 2025, Aave’s average forecast price will be $184.838 in January and $219.304 in December.
Digitalcoin price
According to the Digitalcoin price forecast system, Aave’s current price is down over 50% this year and will trade sideways for the second half of 2022. The average Aave forecast price for September is $142.29, reaching the lowest in December at $136.81. In 2023, Aave will sell at an average price of $151.25. It will reach a maximum price of $161.09 and a minimum value of $134.67. In 2025, Aave will sell at an average price of $201.97. It will reach a maximum price of $222.95 and a minimum value of $176.06. In 2030, Aave will sell at a mean price of $472.77. It will reach a maximum price of $485.30 and a minimum price of $450.65.
Cryptopolitan
Aave coin Price Prediction 2022
Aave price prediction for 2022 is $124.28. In a recent proposal, the Aave governance sought to cut off Fantom integration on its platform. The risk-reward ratio is not worth keeping the Fantom integration following recent exploits of Defi protocols. Aave’s high volatility will drop in the second half of 2022.
Aave value in the crypto market will reach a high price of $134.23 and a low price of $119.12.
Aave coin Price Prediction 2023
Aave price prediction for 2023 is $184.12. Defi is undeniably growing. Aave, at the time of writing, has over $12B locked across seven networks in over 13 networks. Aave offers financial services just like banks, with few requirements to access the services. Aave will reach a maximum price of $212.98 and a minimum of $179.15.
Aave coin Price Prediction 2024
Aave price prediction for 2024 is $275.43. The upward trend will continue past 2023. The sentiment of the crypto market will affect Aave’s value; interest rates will also determine whether users opt for the Aave platform. Aave bullish trend continues and will reach a maximum value of $312.32 and a minimum value of $266.23.
Aave coin Price Prediction 2025
Aave price prediction for 2025 is $377.53. Future crypto market regulations will affect the value of Aave. While regulations have been favorable in countries like El-Salvador, it has also proved a challenge in China, with regulators finding it difficult to accept anonymous transactions. Aave will reach a high price of $462.27 and a low price of $366.51.
Aave coin Price Prediction 2026
Aave price prediction for 2026 is $537.91. The decentralized governance of the Aave protocol has proved worthwhile following Fantom’s censorship. Future decisions will continue to shape Aave building on its security features and utility to its community; DAO decisions could significantly increase utility. Aave will trade between $522.81 and $645.29.
Aave Price Prediction 2027
Aave price prediction for 2027 is $781.6. Aave crypt set its all-time high on 18 May 2021 at $666.86. Aave will break the record during this period attracting more investors and speculators to its platform; Aave will set new resistance and support levels. Aave will trade between $754.71 and $902.64.
Aave coin Price Prediction 2028
Aave price prediction for 2028 is $1,135.59. It will cross the $1000 mark in 2028, marking a milestone for its investors. Negative news or exploits will derail Aave’s performance. It will keep setting records every year. Aave will sell for between $1,096.51 and $1,305.43.
Aave coin Price Prediction 2029
Aave price prediction for 2029 is $1,650.05. The transition from WEB2 to WEB 3 will be a big win for blockchain protocols and cryptocurrencies. Aave envisions equality, robustness, and security; its Oracles and Aave stacks will make it possible for financiers and developers to tap into blockchain technology. Aave value in the crypto market will reach a high of $1,881.64 and a low of $1,593.27.
Aave coin Price Prediction 2030
Aave price prediction for 2030 is $2,397.81. At this trajectory, the market capitalization of Aave will have more than doubled. Aave will have established partnerships with traditional financial systems per the law; with more funds flowing in, the ave protocol will keep soaring. In 2030, Aave will sell between $2,315.31 and $2,757.98.
Aave token Price Prediction 2031
Aave price prediction for 2031 is $3,450.28. Past the decade, utility-rich protocols are expected to lead the crypto market, having weathered bear markets and market exploits by bad actors. With years of experience in the blockchain space, Aave will be a top-tier cryptocurrency. Favorable market conditions will push Aave to a high price of $4,030.35 and a low price of $3,330.39.
Aave Price Predictions by Industry Influencers
Crypto Vault channel provides Aave price prediction. They suggest Aave will trade between $200 and $80 in 2023.
Conclusion
The Aave protocol is, by all means, decentralized, open-source, and noncustodial. The community votes on most aspects of the platform in an open and verifiable manner.
Exploits on Defi protocols this year have resulted in the loss of millions of investor funds; while Aave has not been attacked, blockchain bridges threaten the Aave platform’s security. The price of Aave is anticipated to continue rising into the future.
from Price Prediction – Cryptopolitan https://ift.tt/Clxwtf8
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