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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$85.42
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 High$86.04
24 Low$81.54

Aave price prediction: Technical analysis

MetricValue
Volatility$301.91  (227.02%)
50-day SMA$92.89
14-Day RSI36.68
SentimentBearish
Fear & Greed Index72 (Greed)
Green Days12/30 (40%)

Aave price analysis: AAVE shows a descending pattern after bearish takes over

TL: DR Breakdown

  • Aave price analysis shows a bearish trend.
  • Resistance for Aave is present at $86.04.
  • Support for Aave is at $81.54.

The Aave price analysis for June 15 shows a clear downtrend, starting from around $92.52 and dropping to a low near $85.42. This downward movement indicates decreased buyer activity and prevailing selling pressure in the market, leading to a significant decline in price. Despite some attempts at recovery, the overall trend remains bearish, with the price stabilizing at $85.42 towards the end.

Aave price analysis 1-day chart: AAVE price falls to $85.42 as selling pressure builds

The 1-day price chart of Aave shows a bearish trend. The price has declined from recent highs of around $120 to the current level of $85.36. The coin has been trading under a descending triangle pattern and has broken through the lower trend line. Aave is currently standing at the low of $85.42, with a loss of more than 1.12% in the last 24 hours of trading.

AAVE/USD 1-daily chart; TradingView

The relative strength index (RSI) is currently at 36.63, which is approaching the oversold territory. This suggests that the selling pressure might be overextended, and a potential rebound could occur if buyers step in. The negative MACD value and the downward direction of the MACD histogram indicate that the bearish momentum is still strong.

AAVE/USD 4-hour price chart: Aave prices face a bearish market as prices fall below $85.42

The 4-hour price chart of Aave reveals that the coin is currently trading at $85.42 and has broken through the lower trend line. This downward trajectory shows persistent selling pressure, resulting in lower highs and lower lows. Despite a minor recovery attempt, the price movement continues to reflect a bearish sentiment, suggesting a lack of strong buyer support to reverse the trend.

AAVE/USD 4-hour chart; TradingView

The Moving Average Convergence Divergence indicator shows a value of -2.16, with the MACD line below the signal line, reinforcing the bearish sentiment. The RSI is currently at 44.90, indicating that Aave is in a neutral zone, neither overbought nor oversold. 

Aave technical indicators: Levels and action

Daily simple moving average

PeriodValue ($)Action
SMA 3 94.78SELL
SMA 5 95.02SELL
SMA 10 98.26SELL
SMA 21 99.44SELL
SMA 50 92.89SELL
SMA 100104.87SELL
SMA 200 100.96SELL

Daily exponential moving average

Period Value ($)Action
EMA 3 101.02SELL
EMA 5 102.20SELL
EMA 10102.01SELL
EMA 2198.91SELL
EMA 50 97.68SELL
EMA 100 99.26SELL
EMA 200 96.97SELL

Aave price analysis conclusion

Overall, it seems AAVE is currently facing a bearish trend and could continue to fall if the bears maintain control over the market. The support level for the cryptocurrency is currently at $81.54, and if this level is broken, then it could lead to further losses for the Aave token. The selling pressure is still strong and could continue dominating the market in the upcoming days. 

Recent news/opinion on AAVE

  • Aave Surpasses $20 Billion in Deposits as Record Revenue Sparks Fee Structure Debates.

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 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 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.

Aave price prediction June 2024

Aave could experience an uptrend in June, surpassing $107 at the end of the month. The minimum price projected for the coin is around $103.69. On average, traders and investors can expect AAVE to trade at $106.53.

Aave Price PredictionPotential LowAverage PricePotential High
Aave Price Prediction June 2024$103.69$106.53$107.32

Aave price prediction 2024

The price of AAVE is predicted to reach a minimum value of $132.86 by Q4 of 2024. Traders can anticipate a maximum value of $155.10 and an average trading price of $138.16.

Aave Price PredictionPotential Low Average Price Potential High 
Aave Price Prediction 2024$132.86$138.16$155.10

Aave price prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$195.81$202.72$230.46
2026$301.08$309.19$345.83
2027$451.55$467.01$511.69
2028$653.25$671.93$786.95
2029$878.47$912.06$1,139
2030$1,254$1,300$1,522

Aave price prediction 2025

In 2025, AAVE’s average price could be about $202.72. Its minimum and maximum prices can be expected at $195.81 and aave’s price at $230.46, respectively.

Aave price prediction 2026

The AAVE forecast for 2026 suggests a price range of $301.08 to $345.83 and an average AAVE rate of $309.19.

Aave (AAVE) price prediction 2027

As per AAVE’s Price Prediction 2027, the coin’s price could reach a maximum and minimum price of $511.69 and a price rise $451.55, respectively, with a year-round average of $467.01.

Aave price prediction 2028

The price of Aave is predicted to reach a minimum value of $653.25 in 2028. Traders can expect a maximum value of $786.95 and an average trading price of $671.93.

Aave price prediction 2029

In 2029, AAVE’s average forecast price could be about $912.06. Its minimum and maximum prices can be expected at $878.47 and its live price at $1,139, respectively.

Aave (AAVE) price prediction 2030

In 2030, the price of Aave is forecasted to be around a minimum value of $1,254, maximum value of $1,522 and an average trading value of $1,300.

AAVE market price prediction: Analysts’ AAVE price forecast

Firm20242025
Gov.Capital$89.188$92.766
DigitalCoinPrice$188.31$221.70
CryptoPredictions$195.77$177.68

Cryptopolitan’s Aave (AAVE) Price Prediction

According to our AAVE price forecast, the coin’s market price might reach a maximum value of $155.10 by the end of 2024. Looking forward to 2026, the value of Aave could surge to $363.78.

AAVE’s Historic Price Sentiment

  • 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. At the time of writing, June 15, 2024, AAVE is trading between $90 – $97.

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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