Aave is a robust DeFi protocol ranked 11 in the list of top DeFi tokens by market capitalization, according to CoinMarketCap as of 4 April 2022. Although the token has not shown gains YTD, its monthly performance is bullish, driven by the launch of Aave V3 update.
Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow cryptocurrencies in exchange for paying a variable interest rate. Lenders get paid at a certain interest and those who borrow pay interests on the crypto coins. However, if you want to trade, you need to know what the market says.
Today’s live Aave price is $80.06 USD with a 24-hour trading volume of $461,698,209 USD. Aave is down 8.91% in the last 24 hours. The current CoinMarketCap ranking is #51, with a live market cap of $1,098,054,440 USD. It has a circulating supply of 13,715,305 AAVE coins and a max. supply of 16,000,000 AAVE coins.
Let’s take a closer look at AAVE and determine whether it should be part of our crypto portfolio.
Aave is simply 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 need to trust the code used to write the program, and they won’t be disappointed. If you’re wondering about AAVE, it’s an acronym for African American Vernacular English. No matter, know that among several emerging DeFi cryptocurrencies, Aave is a decentralized lending system that allows users to lend, borrow and earn interest on crypto assets, all 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, if you want to borrow AAVE, you need first to deposit collateral. The equivalent of whatever you post is what 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 that lenders receive interests when they deposit.
5th highest TVL
Aave, along with the likes of 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 blockchain at $14.3bn, as of 4 April. Aave protocol is currently the top DeFi platform in terms of TVL on Avalanche and Polygon.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|AAVE||$ 87.34||$ 1.20 B||1.74%||13.74 M||$ 196.33 M|
Source: Bing images
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 between August and November of the same year at Bird and Bird. He then became a Member of the Legal Aid Committee of the Law Students Association of Pykäläry.
While he was at the university for his Master’s, finance struck his interest, becoming involved with FinTech. The concepts of smart contracts and Ethereum blockchain became appealing to him, and he was motivated to develop a decentralized financial system.
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 that 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 $1billion 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 at the time. 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, involving 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, AAVE token surged as much as 114% to a near three-month high of $261.29 hit on 1 April 2022.
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 for New York State. Same steps as on top.
Aave’s price has been on a downward trend since the beginning of April 2022. The chart below illustrates high volatility with Aave trading lowest this year in May. The current price trend has been reflected in the wider crypto market with the majority of top coins losing value. Aave is currently experiencing high trade volumes which are pushing the prices down. William’s alligator trendlines are in an eating position and moving further south.
MACD chart analysis shows Aave in oversold territory. The histogram shows increasing momentum on the downside. Going with the analysis Aave will drop lower.
The 14-day relative strength index shows any drop in prices will send Aave into oversold territory. Price reversal might send Aave on an upward trend.
Aave Price Predictions 2022 – 2030
Wallet investor ai cryptocurrency analyst implies Aave arc is a bad investment to make for one year with a -85% return on investment. The price is forecast to fall from $103 to $12. Aave will be bearish in the coming two weeks with its price averaging at about $79 towards the end of May. May 2024 will be no better at a -89.43% return on investment. It will continue trading in bear markets trading lower in 2025 at -96.45%. 2026 and 2027 will sell at similar prices at -97.84%. This means Aave has a rather dull future due to the negative trend and is likely to shed its returns in 5 years. Wallet Investor recommends considering other cryptos to add to your portfolio.
Trading beasts suggests a bullish Aave price prediction. June 2022, AAve is forecast to trade between $97.97 and $144.08, suggesting a possibility of Aave growing 50% in the coming months. Aave’s average price will trade higher in the second to close at $121.73 in December. Aave will maintain the trend in 2023 trading at $123.90 in January and $160.07 in December. In 2024 Aave will open at $164.67 in January and close at $205.61 in December. Aave will trade above the $200 mark in 2025 and reach its highest price at $303 towards the end of the year.
According to Coin Price Forecast, the Aave token will trade at $199 in December. It will then rise to $210 in 2023. Before retreating to $189 in 2024. From 2025 onwards, Aave price will grow steadily every year. It will register $252 and $293 in 2026 and 2027 respectively. In 2028 it will cross the $300 mark to reach $333. It will then trade at $350 and $337 in 2029 and 2030 respectively.
AAVE Price Prediction 2022
Aave coin price prediction for 2022 is $218.43. Bitcoin’s recent price crash sent the prices of altcoins tumbling and Aave was not spared. Price reversal from oversold territory should push AAve higher. Aave coins will trade between $251.63 and $210.3
AAVE Price Prediction 2023.
Aave coin price prediction for 2023 is $308.30. Interest in Decentralized finance is growing exponentially. This will help Aave grow as more users interact with the platform to lend or borrow crypto. Aave will reach a maximum price of $362.21 and a minimum price of $297.37.
AAVE Price Prediction 2024
Aave coin price prediction for 2024 is $461.18. Our analysis shows Aave coins have a bright future. They will grow by more than 50% from the previous year’s average price.
AAVE Price Prediction 2025
Aave coin price prediction for 2025 is $650.85. Aave will extend the gains into 2025 reaching and passing its all-time high of $666.86 set on 18th May 2021. At this rate, it will outperform many cryptocurrencies in the crypto kingdom.
AAVE Price Prediction 2026
Aave coin price prediction for 2026 is $909.68. By 2026, cryptocurrencies will have become more mainstream with more investors and funding coming in from regulated financial investors. Aave which runs on Ethereum will transition to a proof of stake model streamlining its processes and becoming environmentally friendly. Such factors will witness Aave cross the $1,000 during bull markets to $1093.48, and $883.64 in bear markets.
AAVE Price Prediction 2027
Aave coin price prediction for 2027 is $1,308.84. Aave’s future price will maintain above $1000. This will however depend on the team’s effort and decisions made by the Aave community. At the current pace, Aave should reach a maximum price of $1532.28.
AAVE Price Prediction 2028
Aave coin price prediction for 2028 is $1920.07. Positive crypto market sentiment and adoption of Web 3 will revolutionize how governments, businesses and enterprises are run. Early adopters like Aave with years of experience will be part of the highest gainers. Our analysis shows the significant increase in WEB 3 interest should push Aave to lows of $1867.72 and highs of $2254.96.
AAVE Price Prediction 2029
Aave coin price prediction for 2029 is $2736.02. In 2029 Aave will continue to break barriers and perform exuberantly reaching $3,244 probably setting a new all-time high. This will be supported by rising interest in decentralized finance. Aave price will reach a minimum of $2640.
AAVE Price Prediction 2030
Aave coin price prediction for 2030 is $4132.96. By 2030 Aave’s market capitalisation will have grown so much that it will be competing with top tier cryptocurrencies like Ethereum. During this period there is a likelihood that Aave will have transitioned from Ethereum to its EVM compatible and interoperable blockchain. Aave price will range between $4637.03 and $3996.16.
AAVE Price Predictions by Industry Influencers
Stani Kulichev, founder of Aave and Lens protocol sent a tweet about the drama going on about how stable, stable coins can be. This is after UST momentarily lost its peg to USD and the tumbling price of Luna. Kulichev recommends RAI stable coin, and what more you can earn passively by holding and staking it on Aave protocol.
The prices of Bitcoin and Ethereum are falling and bringing Altcoins down with it. This comes after speculators started backing away from cryptocurrencies due to the high risk involved. Aave has good utility and should recover to its former glory.
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.
As per AAVE’s price prediction, AAVE has a bright future, and it would be folly for investors not to take advantage of the present dip. However, it is risky, and there is either a reward or a pain to every risk, so choose wisely.
Always do thorough research before making investment decisions.
FAQS about Aave
What will be the price of Aave in 2030?
Aave’s price will be $4132.96 in 2030 according to Cryptopolitan price prediction.
Will Aave’s price reach $1000?
Yes. Aave price will reach $1000 in 2026.
What will be the price of Aave in 5 years?
The price of Aave is likely to reach $1308 in 5 years.
What will be the price of Aave 10 years from now?
Aave price will be $4500 in 10 years.
Which crypto exchanges can I buy Aave?
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’s the cost of using the Aave platform?
Aave platform is a decentralized app where all transactions on the app have to be signed using Ethereum to approve transactions. Ethereum gas fees vary depending on network traffic.
What can you do on Aave?
Once you are on the Aave platform you can deposit, borrow, earn, govern and innovate on the Aave protocol.
Does AAVE have a future?
The AAVE forecast has shown that the future is bright for the crypto coin. The market capitalization is immense, and AAVE is set to rule the crypto kingdom for years to come.
Is AAVE overvalued?
Everything is overvalued right now, 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 to navigate the multi-chain scene (Polygon, Avalanche, Harmony, Fantom, Binance Smart Chain, Terra, and Solana)?
I’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.
Is AAVE better than Bitcoin?
AAVE is only better than BTC in transaction speed and cheaper fees. It takes about 2.5 seconds for a transaction to be processed. However, Bitcoin is better in other things, starting from the bitcoin price.
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 with the ledger. Watch this.