EricMbadinga
JThe year 2021 has been a game-changer for the broader crypto space. And Defi space tokens had done most of the bullish season of the year. One such crypto asset that made virtues with price gains was Aave (AAVE).
With the current year 2023, the market is expected to be very stable. While the year started off with a steady rise in the chart, a lot can be expected from crypto this year. Investors are showing patience as the market regains strength. Yet, to spark a bull run, some sections of marketers are still betting on AAVE.
Protocol core strengths such as borrowing, lending, staking, liquidity pools, and flash loans. Still hold significant importance in the industry, which could help the digital asset nibble higher candles.
Are you one of the many considering Aave Price Prediction? Then look no further as this article decodes plausible price predictions for 2023 and beyond!
Contents
- Insight
- Aave Price Prediction (AAVE)
- Aave Coin Price Prediction for November 2022
- Aave price prediction for December 2022
- AAVE Price Prediction for 2023
- AAVE Price Prediction for 2024
- Aave (AAVE) Price Prediction for 2025
- CoinPedia’s AAVE Price Prediction
- Market analysis
- What is AAVE?
- Fundamental analysis
- Historical Market Sentiments
- FAQs
Insight
| Cryptocurrency | AAVE. |
| Token | AAVE. |
| Price | $82.62 |
| Market capitalization | $1,159,590,074 |
| Transaction volume | $175,810,607 |
| Circulating Power | 14,093,192.58 AAVE |
| An absolute record | $666.86 on May 5, 2021. |
| All time low | $27 on November 11, 2020. |
The presence of the Aave coin in renowned exchanges such as Ethereum, Avalanche, and Polygon, among others, could prove fruitful for the digital asset. Considering the ready upgrades of each chain.
AAVE Price Prediction 2023
If the protocol succeeds in attracting a wider audience, who could increase network traffic? The price of AAVE could reach its potential high of $81.6381.
However, an ebb position and declining volumes could reduce the price to the low of $62.9680. That said, a balance of buying and selling pressure could land AAVE at $72.3030.
| Price prediction | Low potential ($) | Average price ($) | High potential ($) |
| 2023 | 62.968 | 72.303 | 81.638 |
AAVE Price Prediction 2024
The ecosystem could still thrive if the necessary boost is given to its grip on dApps, Challenges and DAOs. Because these sectors could eventually trigger a bull run, which was long overdue. In such a case, the price of AAVE could reach a maximum of $102.0476.
On the other hand, the emerging rivals and network exhaustion position could drive the price down to a low of $78.3726. Constrained by linear momentum, the average price could settle at $90.2101.
| Price prediction | Low potential ($) | Average price ($) | High potential ($) |
| 2024 | 78.372 | 90.210 | 102.047 |
Aave (AAVE) Price Prediction 2025
As the crypto industry continues to evolve in the future, it could see a growing adoption curve and face regulatory restrictions at the same time. However, if it manages to withstand the challenges and continues to rise, the price of AAVE will peak at $132.6619 by the end of 2025.
However, the asset would drop to a low of $101.8843 if the bears prevail in the space. Successively, considering bullish and bearish targets, the average price could be $117.2731.
| Price prediction | Low potential ($) | Average price ($) | High potential ($) |
| 2025 | 101.884 | 117.273 | 132.661 |
Aave (AAVE) Price Prediction 2026-2030
| Price prediction | Low potential ($) | Average price ($) | High potential ($) |
| 2026 | 135.271 | 154.185 | 175.317 |
| 2027 | 178.228 | 194.876 | 211.744 |
| 2028 | 206.984 | 232.859 | 264.817 |
| 2029 | 265.115 | 291.884 | 324.165 |
| 2030 | 317.268 | 385.527 | 448.235 |
CoinPedia’s AAVE Price Prediction
According to the price prediction made by CoinPedia’s expert panel. If the protocol encounters bullish events such as major collaborations and adoptions. The price of the altcoin could skyrocket to a high of $81.638 by the end of 2023.
On the other hand, possible turmoil resulting from a financial crisis or regulatory clampdowns could keep the price at $62.968. This gives us an average trading price of $72.303.
Market analysis
| 2023 | 2024 | 2025 | |
| Investor Portfolio | $5.506 | $8.757 | $9.189 |
| DigitalCoinPrice | $62.07 | $124.27 | $186.23 |
| trade beasts | $65,384 | $90.488 | $109,785 |
What is AAVE?
AAVE is a decentralized, non-custodial open-source liquidity token that thrives on allowing users to lend and borrow cryptocurrencies. Lenders can earn substantial interest by depositing assets into specifically established liquidity pools. However, borrowers can then use crypto as collateral to acquire a flash loan using this liquidity.
The AAVE protocol is open-source and allows interaction with a user interface client. Or establish communication with smart contracts on the Ethereum blockchain. However, the cost of the interaction depends on the complexity of the transaction and the state of the network. Another fascinating feature of the platform is Flash Loans. This allows traders to buy any convenient amount of assets without posting collateral.
The AAVE platform has its own native AAVE governance token. The token could be used to vote and determine the product of Aave Improvement Proposals (AIPs) and other upgrades. Additionally, AAVE could be staked to earn protocol rewards and fees. It can be staked in the protocol security module to facilitate lender security or assurance.
Company details
Aave is one of the best liquidity protocols, a non-custodial decentralized liquidity market protocol, in which consumers can participate as depositors, trusted by many communities to borrow assets, build applications and earn interest. The platform’s treasury focuses on growing the ecosystem and gaining advantages through trades, liquidations, and staking. The platform was first deployed in the Ethereum space, the largest marketplace in the Aave protocol thanks to liquidity, and integrates limited assets, in January 2020. Faster transactions and lower costs make cooperation with Aave on Polygon perfect for extreme volume trading. Aave is community driven, a fully decentralized and community driven platform incorporating millions of token holders. The Aave Protocol Community has submitted Aave Grants DAO, a community-driven licensing program to fund ideas to empower a broader ecosystem of community developers. The platform is audited by the world’s leading security organizations, with the highest security priority of the Aave protocol. Aave Risk DAO, a community run association to mitigate every protocol issue, market watch and protocol evolution.
Fundamental analysis
AAVE was previously known as ETHLend and was launched in November 2017 by Stani Kulechov. However, the platform was rebranded a year later in September 2018. DeFi was not that popular when AAVE was launched. Aware of the scarcity of lending platforms on the ETH blockchain, the founder imagined this project.
The founder of the platform accumulated a vast knowledge of programming when he was young. He was one of the first to enter the blockchain space. In order to allow AAVE to enable a wide range of services, it renamed ETHLend to AAVE. The central aim of the platform is to target the audience that is already busy in the cryptocurrency space.
Moreover, the initial coin offering (ICO) was completed in November 2017, where it successfully raised $16.2 million in funds. In September 2018, the platform was renamed ETHLend to AAVE. The mainnet launch was completed in January 2020.
Historical Market Sentiments 2020 – 2021
- Although the initial coin offering (ICO) was completed in November 2017, the protocol went live on the mainnet in January 2020. Interestingly, since the early days, the AAVE price has flourished to present a sort of volatility. However, with some fluctuations, the asset dropped to the lowest support from $42 to $28 at the end of the year.
- In the first two months, the asset went through two supercycles in which it jumped more than 500%. After clinching an ATH of $666.86 on May 5, the asset unfortunately fell prey to a Chinese financial crisis.
- With continued bearish dominance, AAVE price dropped to the lowest support of $180.86 in late June. The second bullish session for the asset was triggered in July. With consecutive supercycles, the asset managed to reach an upper resistance of $415 in August. The asset fell nearly 50% from $325 to a mid-December low of $175, posting a rebound as the year closed at $276.9.
FAQs
Is Aave (AAVE) a good investment?
Considering the fundamentals of the protocol, AAVE is a worthwhile investment, if considered for the long term.
What is the number of AAVE draws?
The outstanding supply of AAVE is 14,093,192.58 AAVE.
What will be the maximum price of the AAVE at the end of 2023?
The price of AAVE could reach a high of $81.638 by the end of 2023.
How high will the price of AAVE rise by the end of 2025?
The price of the altcoin could climb up to $132.661 by the end of 2025. With a potential upside, the price could reach $448.235 by the end of 2030.
Where can I buy AAVE?
AAVE is available for trading on major cryptocurrency exchanges such as Binance, Huobi Global, FTX, KuCoin, etc.
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Elena R.
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has over 10 years of writing experience – hence, she is an avid journalist with a passion for finding new insights into the age of crypto.
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