Aave Price Prediction: Is AAVE a Better Investment Than Bitcoin?

Aave is one of the pioneering projects in the DeFi sphere, which has attracted significant interest in the last couple of years. AAVE token has done quite well for itself in 2021. What is in this coin’s future? We gathered some Aave news and AAVE coin price predictions, so that you can read this article to find out.

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Aave Fundamental Analysis

Project name
Aave
Stock Symbol
AAVE
Current Price
91.17
Current Supply
16000000
Official Website

Aave is a decentralized and non-custodial protocol that allows users to borrow and lend over 20 digital assets. Lenders can earn interest by depositing money in a specially created liquidity pool, while the borrowers can use their cryptos as collateral and receive a flash loan of the funds in the liquidity pool. For the lenders, the profit depends on the current market borrowing demand. But users also can use already deposited assets as collateral, moreover, accumulated interest affects the interest rate if the same user wants to borrow crypto. All the funds are allocated to smart contracts. 

As an open-source protocol, Aave allows any user to interact with its interface client, API and smart contracts on the Ethereum network. Users also can build any third-party service or application to interact with the protocol and develop their product or service. Deposited or earned assets can be withdrawn from the pool on-demand or exported as a tokenized version of lender position (aTokens). 

The project was originally founded in November 2017 and was called ETHLend, but in September 2018 it was rebranded and got a new name Aave, which means “ghost” in Finnish. 

Aave token is powering the platform and is also used to govern the project. It was launched in 2020 to make a platform self-governed. The holders vote and decide on the outcome of the Aave improvement proposals. The coin can also be staked within the protocol Safety Module providing security to the depositors and letting the stakers earn fees and rewards.

Aave Live Price Chart

Aave token has been following bullish trends from the beginning of the year. It also showed a significant increase compared to the beginning of 2020 when the Aave price was bouncing between $50 and $80. In February the coin was traded for $580 and it was the highest milestone for the project. 

The downtrend came right after the uptrend, but the token didn’t lose too much of its value. The price was jumping around $370 without changing too much. This tendency came along with the general bearish tendencies in the digital assets market. 

In mid-April, Aave started to gain value again and reached its all-time high of $641 on May 19 before its price started to decline again. It was going through the correction till the beginning of August and then went up again. At the moment of publishing, Aave’s price is 336.86 USD and most analysts consider its chart changes as positive and expect the asset to increase in value.

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Aave Technical Analysis

Despite the fact that 100% accurate technical analysis for Aave cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated AAVE buy-and-sell rating for selected timeframe. The summary for AAVE/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Aave Price Prediction

Below we have collected the most reliable price projections for Aave (AAVE) from popular forecast platforms.

Aave Price Prediction for 2022

As of Aave price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $95.47, and TradingBeast echoes with ~$105.028 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Aave’s future price, citing numbers downwards of $27.998 in December.
Potential ROI: -16% Sell

Aave Price Prediction for 2023

In their Aave price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $137.38 by December. Forecasting Aave's future, TradingBeast expects further growth, too, saying the Aave price will reach ~$138.628 by that time. On the contrary, WalletInvestor keeps predicting Aave price decline, quoting prices around ~$24.717 in 2023.
Potential ROI: 10% Buy

Aave Price Prediction for 2024

Aave price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $177.925–$195.78 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $24.196 in December 2024.
Potential ROI: 45% Buy

Aave Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Aave price prediction, valuing Aave at $210.412 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $290.02 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Aave price prediction for December of this year is just $6.131.
Potential ROI: 85% Buy

Aave Price Prediction for 2030

Speaking of long-term Aave price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Aave price will grow further and eventually reach $351.38804 by the end of the decade. PricePrediction.net’s price prediction for Aave echoes with the projection of an uptrend to $2109.23. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $7.41851.
Potential ROI: 802% Buy
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Summary

As it can be clear from the analysis cited above, Aave (AAVE) projections are rather contradictory. There is no universal consensus either about positive or negative future AAVE price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Aave projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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