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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$104.12
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$106.44
24-h Low$101.50

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: AAVE shows an upward trend with a bullish objective at $104.12

TL;DR Breakdown

  • Aave price analysis shows an uptrend.
  • Support for AAVE is present at $101.50 and rejection at $106.44.

The Aave price analysis for 16 July indicates an uptrend, reflecting a positive market sentiment. The price increased from around $101.62 to over $104.12, demonstrating consistent buying activity. This upward movement suggests buyers actively participate in the market, increasing prices. The steady climb with minor fluctuations shows a strong buying interest, maintaining the price’s upward trajectory throughout the observed period.

Aave price analysis 1-day chart: AAVE/USD shows a bullish potential at $104.12

The 1-day Aave price chart confirms the bullish sentiment for the cryptocurrency with its clear uptrend. The digital asset has broken through key resistance levels and set new all-time highs recently, indicating strong buying pressure.

AAVE/USD 1-day price chart: TradingView

The indicators also reflect this recovery trend. The Relative Strength Index (RSI) is at 65.46, which suggests that the coin is currently in neutral territory and may continue to experience upward momentum. The upper value of the Bollinger Bands indicator is now at $108.65, while the lower value is at $75.01.

AAVE/USD 4-hour  price chart: Bulls could face some resistance at $106.44

The 4-hour Aave price chart shows that bulls could face some resistance at the current level of $106.44. The price has been on an upward trend since early today as buyers have taken advantage of bullish momentum to increase their positions in the market.

AAVE/USD 4-hour price chart: TradingView

The Bollinger Bands (BB) show low volatility, with the price trending near the lower band, hinting at potential buying opportunities as it might revert to the mean. The Relative Strength Index (RSI) stands at 63.01 and is neutral, indicating a balance between buying and selling pressure. 

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

Aave price analysis shows that the cryptocurrency is on an upward trend with a bullish objective of $104.12. The support level at $101.50 has been holding off any significant downward pressure, and the overall market sentiment remains positive. The AAVE price has been on an uptrend since the start of today, and further bullish momentum could push it to new highs. The coin is recovering from the correction it had faced, and bulls look in control of the market.

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 $99.

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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