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Aave price prediction 2024-2030: Is AAVE a good investment?

Key takeaways

  • AAVE price prediction for 2024 could reach a maximum value of $107.32.
  • By 2027, AAVE could reach a maximum price of $511.69.
  • In 2030, AAVE will range between $1,254 to $1,522.

Aave is a leading decentralized finance (DeFi) protocol on the Ethereum blockchain, known for its innovative financial solutions such as flash loans, which allow users to borrow instantly without collateral, and dynamic interest rates that adapt to market conditions. Participants in the Aave ecosystem can deposit their digital crypto assets back into liquidity pools to earn their interest payments or obtain loans by borrowing funds without providing collateral. Aave’s governance and fee distribution are significantly driven by its native token, AAVE, enhancing its utility and value within the platform.

Will AAVE reach new heights with new developments expected in the Aave ecosystem? Let’s get into the Aave technical analysis and predictions.

Overview

CryptocurrencyAave
TokenAAVE
Price$95.5
Market Cap$1,376,523,785
Trading Volume$114,945,215
Circulating Supply14,844,429
All-time High$666.86 (May 18, 2021)
All-time Low$45.88 (Oct 02, 2020)
24-h High$100.01
24-h Low$94.12

Aave price prediction: Technical analysis

MetricValue
Volatility8.56%
50-day SMA$92.62
14-Day RSI59.35
SentimentBullish
Fear & Greed Index47 (Neutral)
Green Days13/30 (43%)

Aave price analysis: price analysis: AAVE displays a descending pattern after a bearish takeover

TL;DR Breakdown

  • Aave price analysis shows a bearish trend.
  • Resistance for AAVE is present at $100.08.

The Aave price analysis for 22 July shows a bearish trend, characterized by a downward movement. Initially, the price remains relatively stable around $98.16 but soon begins to decline, reaching a significant low of 2.43 percent. After a brief recovery and an upward spike that surpasses the initial level, the price resumes its downward trajectory. The decline continues steadily, and by the end of the period, the price drops to $95.5, indicating a sustained bearish sentiment and downward pressure in the market.

Aave price analysis 1-day chart: AAVE faces a bearish market as prices fall below $95.5

The 1-day chart for Aave shows a clear descending triangle pattern, with the coin being unable to break out of it. This indicates a bearish trend in the market, with sellers dominating the price action.

Aave 1-day price chart

The Relative Strength Index (RSI) is at 51.88, which indicates that the market is neither oversold nor overbought. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line (blue) below the signal line (orange) and a decreasing histogram, reinforcing the bearish sentiment. 

AAVE/USD 4-hour price chart: Bears dominate short-term Aave price action

The 4-hour Aave chart shows a price action that has been predominantly bearish. The price declined sharply from above $110 to below $95, indicating significant selling pressure. Although there was a brief recovery, the price struggled to maintain upward momentum and continued to face resistance around the $100 level. Currently, Aave is trading at $95.5, reflecting a minor gain, but the overall trend remains downward, suggesting persistent bearish sentiment.

Aave 4-hour price chart

The Relative Strength Index (RSI) is at 39.66, which is below the neutral 50 mark, indicating that Aave is in the oversold territory, suggesting potential for a short-term recovery or consolidation. However, the Moving Average Convergence Divergence (MACD) reinforces the bearish outlook, with the MACD line (blue) below the signal line (orange) and a negative histogram, indicating sustained bearish momentum.

Aave technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 393.36BUY
SMA 590.65BUY
SMA 1087.44BUY
SMA 2187.58BUY
SMA 5092.62BUY
SMA 10098.39BUY
SMA 200100.55SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 393.01BUY
EMA 591.29BUY
EMA 1089.21BUY
EMA 2189.54BUY
EMA 5092.32BUY
EMA 10095.47BUY
EMA 20095.41BUY

Aave price analysis conclusion

Based on the recent price action and technical indicators, Aave is currently experiencing a bearish trend. The price has seen significant declines, struggling to maintain upward momentum and facing resistance around key levels. With limited buying interest and prevailing selling pressure, Aave may face further downside in the near term.

Is AAVE a good investment?

Aave offers users the infrastructure necessary to participate in various lending and borrowing activities within the DeFi ecosystem. Boasting a growing user base, the platforms’ versatility extends beyond traditional DeFi applications, with aave protocol with the potential for expansion into gaming, non-fungible tokens (NFTs), and decentralized applications (dApps).

AAVE token serves as a core component of the platform, driving its ecosystem and utility. Many investors and industry insiders view AAVE as a solid investment choice for cryptocurrency markets, considering its track record of success in crypto market and ongoing development efforts.

Where to buy AAVE?

AAVE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Aave is Binance, which is one of the largest cryptocurrency exchanges in the world, offering a wide range of cryptocurrencies, including AAVE. Coinbase and Bitfinex which Offers a variety of trading pairs and support AAVE.

Will Aave recover?

The Aave (AAVE) price shows a notable decline from around $104.662 to approximately $79.8 over a short period. This drop reflects a downward trend in live price over the short term, with fluctuations indicating volatility.

Will Aave reach $100?

Aave (AAVE) can potentially reach $100 if it breaks through the current resistance levels and gains momentum from positive, market sentiment and trends. Recent price movements suggest that a recovery to this level is feasible with increased trading activity and investor interest.

Does Aave have a good long-term future?

Aave shows potential for a good long-term future, given its ability to stabilize and recover after significant declines. The consistent support of around $79.8 indicates resilience and potential for future growth.

Recent news/opinion on AAVE

  • Aave surpasses $20 Billion in deposits as record revenue sparks fee structure debates.

Aave price prediction July 2024

Aave could experience an uptrend in July, reaching $97.82 at the end of the month. The minimum price projected for the coin is around $88.99, while the average is around $92.54.

Aave price predictionPotential LowAverage PricePotential High
Aave price prediction July 2024$88.99$92.54$97.82

Aave price prediction 2024

Aave price is forecast to reach a minimum price of $116.04 in 2024. As per findings, the AAVE could reach a maximum price of $132.45 and an average forecast price of $119.86.

Aave price predictionPotential LowAverage PricePotential High
Aave price prediction 2024$116.04$119.86$132.45

Aave price prediction 2025-2030

YearMinimumAverageMaximum
2025$161.52$167.51$206.40
2026$244.67$253.04$291.34
2027$354.96$367.61$422.61
2028$535.15$549.86$619.46
2029$761.68$783.67$921.29
2030$1,118$1,150$1,316

Aave price prediction 2025

The price of Aave is expected to reach at a minimum level of $161.52 in 2025. The AAVE price can reach a maximum level of $206.40 with an average price of $167.51 throughout 2025.

Aave price prediction 2026

In 2026, AAVE’s average price could be about $253.04. Its minimum and maximum prices can be expected at aave’s price at $244.67 and Aave’s price at $291.34, respectively.

Aave price prediction 2027

In 2027 the price of Aave is forecasted to be at around a minimum value of $354.96. The Aave price value can reach a maximum of $422.61 with an average trading value of aave prediction $367.61.

Aave price prediction 2028

The price of Aave is predicted to reach at a minimum value of $535.15 in 2028. The current Aave price could reach a maximum value of $619.46 with the average trading price of $549.86 throughout 2028.

Aave price prediction 2029

As per the forecast and technical analysis, In 2029 the price of Aave is expected to reach at a minimum price value of $761.68. The AAVE price can reach a maximum price value of $921.29 with the average value of $783.67

Aave price prediction 2030

The price of Aave is predicted to reach at a minimum value of $1,118 in 2030. The Aave price could reach a maximum value of $1,316 with the average trading price of aave market cap $1,150 throughout 2030.

AAVE market price prediction: Analysts’ AAVE price forecast

Firm20242025
Gov.Capital$92.56$112.65
DigitalCoinPrice$217.29$255.82
CryptoPredictions$201.43$248.65

Cryptopolitan’s Aave (AAVE) price prediction

According to our AAVE price forecast, the coin’s market price might reach a maximum value of $130.75 by the end of 2024. Looking forward to 2026, the value of the average Aave rate could surge to $285.94.

AAVE’s historic price sentiment

AAVE price history; Source: Coinmarketcap
  • AAVE started out as ETHLend in 2017 as a peer-to-peer digital asset lending and borrowing platform. It generated $16.2 million during an initial coin offering (ICO).
  • AAVE was given a new name in 2018, with ETHLend becoming a subsidiary. 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 $1 billion in total value locked, with MakerDao being the first.
  • In the same month (August), the FCA awarded AAVE an EMI (Electronic Money Institution) license, which saw LEND rapidly rise by 30% to a new ATH.
  • Aave’s proposal to upgrade its protocol was passed unanimously by its community. Following Aave v3’s mainnet launch on 16 March, the AAVE token surged as much as 114% to a nearly three-month high of $261.29 on 1 April 2022.
  • By mid-August 2022, AAVE was able to recover slightly, hitting just over $100, but another downtrend was on the way again. From late 2022 to early 2023, the coin traded at around $50 to $60 per token.
  • From the end of January to the end of March 2023, signs of an uptrend can be observed in the cryptocurrency market, as the Aave token traded around $80 – $90.
  • Between January and April 2024, AAVE was on the upward trend. For the year, it registered its highest price at $142.
  • From May 20th to the start of June 2024, AAVE experienced an upside in trading volume and market cap, jumping from $85 to $113. In June 2024, the coin traded between $77 – $105.
  • In July, AAVE opened trading at $95.07 and is currently trading around $95.

FAQs

Where can I buy Aave?

Aave is listed on Binance, Gate.io, Coinbase exchange, KuCoin, and Huobi Global.

Why should I buy AAVE?

AAVE has been audited and given a clean bill of health by financial and programmers. The protocol is open-source, meaning that anyone can interact with the program to enrich their projects.

What can I do on Aave?

Once you are on the Aave platform you can deposit, borrow, earn, govern and innovate on the Aave protocol.

Is AAVE undervalued?

AAVE is a long-term bet with a stellar team and connections. Few projects are in DeFi and are as good/professional as AAVE. Unsurprisingly, AAVE is also the first large mover into institutional DeFi as they've cultivated those relationships starting in Europe.

Everything might seem overvalued right now as hype must be built up for the community, but if and once the bubble bursts, if you don't buy back in, you will be crying in a few years' time maxima.

How do I navigate the multi-chain scene (Polygon, Avalanche, Harmony, Fantom, Binance Smart Chain, Terra, and Solana)?

We've mapped out the fiat on-ramp/off-ramp and how to move liquidity between these chains to take advantage of liquidity mining incentives and new projects that pop up on these chains. My home base CEX is Crypto.com since they have direct USDC and MATIC withdrawal to Polygon. 

How do I protect my DeFi funds?

If you have more than $5,000 in crypto and are using Metamask Extension, you HAVE to watch this guide to learn how to use decentralized apps like PancakeSwap https://www.youtube.com/watch?v=EG-E77E1o2M.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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