Loading...

Aave Price Prediction 2024-2033: Is AAVE a Good Investment?

Aave price prediction

Most read

Loading Most Ready posts..

Aave Price Prediction 2024-2033

How much is Aave worth today?

The current live price of Aave (AAVE) stands at $93.74, accompanied by a 24-hour trading volume of $92,816,739. Over the past 24 hours, Aave has experienced a +0.15% in value. In the CoinMarketCap rankings, Aave holds the #59 position, boasting a live market cap of $1,381,817,157. It has a circulating supply of 14,735,431 AAVE coins and a max. supply of 16,000,000 AAVE coins.

Aave price analysis

Aave price analysis: AAVE moves towards $95 as bulls strive for control

  • Aave price analysis shows a strong bullish trend.
  • AAVE has gone up by 0.15 percent.
  • Trading volume has decreased by 9.27% over the last 24 hours.

Aave’s February 18th, 2024, performance shows that the Aave market has exhibited a lateral movement throughout the day’s trading session. The AAVE/USD pairing has fluctuated between $95.67 and $80.80 within the last 24 hours. 

The current price of AAVE is $93.74, trading just below its resistance level, indicating an inclination of 0.15% over the past 24 hours. The day commenced with a bullish tone, but the bears are trying to overturn the market to bearish momentum.

AAVE/USD 1-day price chart: Bullish pressure is present at $88.24

Aave’s 1-day price chart analysis reflects a bearish trend for the day, with the price plummeting below initial expectations. A substantial surge in bullish momentum has driven price levels upward, leading to a value of $93.74.

AAVE/USD 24-hour price chart: CoinMarketCap

AAVE’s current Relative Strength Index (RSI) value stands at 56.08, offering valuable insights into its market condition.

With an RSI reading of 56.08, AAVE finds itself in the middle ground, suggesting a balanced market sentiment devoid of strong bullish or bearish trends. Traders and investors are advised to approach cautiously, considering technical and fundamental factors before trading.

Regarding Bollinger Bands, AAVE shows a lower support level at $80.80 and an upper resistance level at $95.67, indicating a relatively narrow trading range. These bands are important markers for traders, signaling potential breakout or breakdown points as AAVE’s price oscillates within these established boundaries.

Aave price analysis 4-hour price chart: A bullish pattern forms

The analysis of AAVE’s price chart below reveals that the token is broking out from an ascending channel on the 4-hour price chart. This breakout suggests the potential for a bearish reversal in the near future. As of the latest data, the digital asset is presently trading at $93.69.

AAVE/USD 4-hour price chart; CoinMarketCap

The AAVE coin currently exhibits a Relative Strength Index (RSI) value of 55.18. This RSI value provides valuable insight into the current state of the AAVE market.

This mid-range RSI reading of 55.18 implies that AAVE is experiencing a balanced market sentiment. It may neither be in a strong bullish or bearish trend. Traders and investors should exercise caution and consider other technical and fundamental factors before trading.

The Bollinger Bands of Aave has a support level of $91.67 and a resistance level of $95.07. This signifies a relatively tight trading range. These Bollinger Bands serve as significant indicators, aiding traders in recognizing potential breakout or breakdown points as the Aave price fluctuates within these established boundaries.

Is Aave a good investment?

Aave, a leading decentralized finance (DeFi) platform, presents a compelling investment opportunity. With its innovative protocol, Aave offers users the infrastructure necessary to participate in various lending and borrowing activities within the DeFi ecosystem. Boasting a growing user base and a significant transaction volume, Aave has cemented its position as a prominent player in the crypto space. The Aave token serves as a core component of the platform, driving its ecosystem and utility.

Aave’s versatility extends beyond traditional DeFi applications, with the potential for expansion into gaming, non-fungible tokens (NFTs), and decentralized applications (dApps). Many investors and industry insiders view Aave as a solid investment choice, considering its track record of success and ongoing development efforts. Our analysis in the Cryptopolitan Price Prediction section will provide insights into the potential appreciation of the Aave token over the coming years, further solidifying its attractiveness as an investment opportunity.

Recent AAVE News

Whale’s Ethereum accumulation and WBTC sell-off through Aave

Recent data from Lookonchain highlights intriguing activity within the Aave DeFi protocol, as an unidentified whale engages in significant transactions. This whale has borrowed a substantial sum of 280 WBTC, valued at approximately $14.6 million, from Aave, indicating a bold move within the decentralized finance space. 

What adds further intrigue is the whale’s apparent strategy of accumulating Ethereum (ETH) while offloading large quantities of Wrapped Bitcoin (WBTC) through Aave. The choice of Aave as the platform for these transactions underscores its prominence within the DeFi ecosystem and attractiveness for large-scale transactions.

Aave Price Predictions by Cryptopolitan 2024-2033

YearMinimumAverageMaximum
2024$130.34$134.99$156.8
2025$190.73$196.13$230.44
2026$275.17$284.98$332.02
2027$391.87$406.12$467.2
2028$585.32$601.56$686.79
2029$867.08$891.14$1,032.58
2030$1,234.32$1,269.96$1,484.12
2031$1,812.42$1,863.21$2,143.50
2032$2,613.90$2,707.06$3,099.43
2033$3,638.96$3,747.24$4,601.81

Aave Price Prediction 2024

Our Aave price prediction for 2024 suggests that the cryptocurrency will reach a maximum price of $156.80. We anticipate a minimum price of $130.34 and an average trading price of $134.99.

Aave Price Prediction 2025

By 2025, we expect Aave to attain a peak price of $230.44 and a minimum market value of $190.73. Our Aave price prediction for 2025 also indicates the coin will trade around an average price of $196.13, representing a significant profit on the current market price.

Aave Price Prediction 2026

Our Aave price prediction for 2026 anticipates a continued uptrend in the market price of Aave, leading to the coin trading at a maximum value of $332.02. Aave is also expected to have an average price of $284.98 and a minimum price of $275.17.

Aave Price Prediction 2027

Our Aave price prediction for 2027 has a maximum price of $467.20 and an average price of $406.12. The minimum price expected for the year is $391.87.

Aave Price Prediction 2028

For this year, our Aave price prediction 2028 indicates that Aave will record more gains, resulting in a maximum trading price of $686.79 and an average market value of $601.56. The minimum price expected for the coin is $585.32.

Aave Price Prediction 2029

According to our Aave price prediction for 2029, the coin’s market price will reach a maximum value of $1,032.58. We anticipate that Aave’s price will be between a minimum of $867.08 and an average of $891.14 throughout the year.

Aave Price Forecast 2030

Our Aave price prediction for 2030 is that Aave may attain a maximum value of $1,484.12 and an average trading price of $1,269.96. The minimum price is estimated to be $1,234.32.

Aave (AAVE) Price Prediction 2031

Our Aave price forecast for 2031 anticipates a continued uptrend in the market price of Aave, leading to the coin trading at a maximum value of $2,143.50. Aave is also expected to have an average price of $1,863.21 and a minimum price of $1,812.42.

Aave Price Prediction 2032

According to our Aave price prediction for 2031, the value of this cryptocurrency is expected to increase to a maximum of $2,143.50 by that year. Based on our price analysis, Aave’s expected minimum and average price will be $1,812.42 and $1,863.21, respectively.

Aave Price Prediction 2033

According to our Aave price prediction for 2033, Aave may grow to a maximum price of $4,601.81 and a minimum value of $3,638.96. The coin is expected to stabilize at an average price of $3,747.24.

Aave Price Prediction By Wallet Investor

In their latest update, WalletInvestor has provided their perspective on Aave’s price prediction. They anticipate that the Aave price could reach $139.814 within one year, reflecting a significant increase. Furthermore, WalletInvestor envisions a promising long-term earning potential, projecting a growth of +62.42% over the year. Their 5-year forecast is even more optimistic, suggesting that Aave could reach $304.434. These insights offer investors valuable information to consider when assessing Aave’s prospects in the cryptocurrency market.

Aave Price Prediction By DigitalCoinPrice

In Digitalcoinprice’s latest update on Aave’s price predictions, they foresee significant growth in the cryptocurrency’s value. By the end of 2024, they anticipate Aave reaching $191.90, reflecting a positive outlook for the near future. Their projections show even more substantial gains in the coming years, with Aave’s value expected to increase by 214.12%, reaching $315.17 by the end of 2026. 

Looking further ahead, Digitalcoinprice predicts that 2027 Aave will hit a high of $399.50, indicating a continued upward trajectory in the cryptocurrency’s value. These predictions offer insight into their optimistic perspective on Aave’s performance in the cryptocurrency market.

AAVE Price Prediction by Coincodex

Coincodex’s recent analysis of Aave’s price predictions reveals intriguing insights. According to their one-month prediction, Aave is expected to hover around $92.06, showing potential short-term movements. Looking further ahead, their 2025 projection spans from $81.41 to an optimistic high of $634.86, suggesting a potential 640.83% gain if Aave reaches the upper target. 

For the long-term vision in 2030, Coincodex envisions a price range between $417.36 and $786.64, implying a substantial 819.00% gain from today’s price if Aave manages to attain the upper limit. These predictions offer a comprehensive perspective on Aave’s potential trajectory and are subject to market dynamics and developments.

Aave Price Prediction By Market Sentiment 

In a recent update, Altcoin Doctor, a prominent crypto community figure, shared his intriguing insights regarding Aave’s future price predictions. According to his analysis, Altcoin Doctor anticipates that Aave will make significant strides in the crypto market. By mid-2024, he foresees Aave reaching a substantial price point of $384, reflecting the coin’s potential for growth. 

Furthermore, his predictions extend to the end of the year, where he envisions Aave surging even higher, potentially exceeding the $900 mark. These optimistic projections by Altcoin Doctor have certainly caught the attention of crypto enthusiasts, as they eagerly await Aave’s performance in the coming months, all while keeping a close eye on this dynamic market.

AAVE Overview

PopularityMarket Cap$1,381,817,157
Price Change (24 hours)+0.15%Trading Volume (24 hours)$92,816,739
Price change (7 days)+8.72%Circulating Supply14,735,431 AAVE
All-time low (Oct 03, 2020)All-time high (May 19, 2021)$666.86
From ATL51.02%From ATH-84.88%

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, 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 $ 1 billion 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. 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: 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, the AAVE token surged as much as 114% to a nearly three-month high of $261.29 on 1 April 2022.

More about the AAVE Network

What’s AAVE?

Aave is 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 must trust the code used to write the program and won’t be disappointed. If you’re wondering about AAVE, it’s an acronym for African American Vernacular English. No matter 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, you must first deposit collateral if you want to borrow AAVE. The equivalent of whatever you post 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 lenders receive interest when depositing.

5th highest TVL

Aave, along with 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 blockchains at $14.3bn as of 4 April. The aave protocol is currently the top DeFi platform for TVL on Avalanche and Polygon.

AAVE Founder

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 at Bird and Bird between August and November of the same year. He then became a Member of the Legal Aid Committee of the Law Students Association of Pykäläry.

While at the university for his Master’s, finance interested him, becoming involved with FinTech. The concepts of smart contracts and the Ethereum blockchain became appealing to him, and he was motivated to develop a decentralized financial system.

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. 

Conclusion

Aave (AAVE) has demonstrated a resilient performance amidst fluctuating market conditions, with its price hovering around $93.74 at the time of analysis. Despite a slight increase of 0.15% within the last 24 hours, trading volume has decreased by 9.27%.

The day’s trading session witnessed lateral movement, with AAVE/USD oscillating between $95.67 and $80.80. Technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands suggest a balanced market sentiment, urging traders and investors to exercise caution. 

Notably, whale’s activity within the Aave protocol, involving substantial borrowing of WBTC and accumulation of Ethereum, underscores the platform’s significance in the DeFi ecosystem. As Aave continues navigating market dynamics, stakeholders remain vigilant, leveraging technical and fundamental analyses to inform their trading decisions.

FAQs

How high will Aave go?

Favorable market conditions will push Aave to a maximum trading price of $5,230.93 in 2033.

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.

Is Aave a good investment?

Yes. Aave has utility with over $20B locked in its ecosystem.

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.

Share link:

Joseph Katala

Joseph is a seasoned professional in the crypto and blockchain industry, boasting over three years of experience. His expertise spans a wide range of roles, from crypto writing and analysis to blockchain development. With a deep passion for the transformative potential of these technologies, he is committed to fostering understanding within the crypto and blockchain spheres through media.

Stay on top of crypto news, get daily updates in your inbox

Related News

Cryptopolitan
Subscribe to CryptoPolitan