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Aave Price Prediction 2023-2032: Is AAVE a Good Investment?

AAVE price

Aave Price Prediction 2023-2032

A proposal to reward members of the Aave Companies with $16.28 million in retroactive funding for the development of v3 of the Aave Protocol has passed and V3 is now live. The monthly performance is bullish, driven by the launch of the Aave V3 update. Going through AAVE price prediction can help you make a life-changing move. More rewards for the community are waiting.

https://twitter.com/MarvinWinansJr/status/1615683028973486080?s=20&t=iJikhnILOHhMwPEolVSxUw

Aave launched its v3 iteration on 16 March 2022. The new platform has been deployed to the Fantom, Avalanche, and Harmony networks, and Ethereum‘s leading L2s Arbitrum, Optimism, and Polygon.

Another exciting announcement is that banking giant JP Morgan Chase completed its first DeFi transaction with the help of the Aave platform. This news indicates that legacy financial institutions are embracing crypto and decentralized finance (DeFi).

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 interest on the crypto coins. However, if you want to trade, you need to know what the market says.

Why is Aave’s price climbing? Users can stake the locked-up Aave tokens and share protocol fees, leading to its higher demand. The protocol fees reduce Aave token supply to further drive demand, leading to a price increase for Aave tokens.

How much is AAVE worth?

Today’s Aave price is $82.61 with a 24-hour trading volume of $203,332,841. Aave is down 4.61% in the last 24 hours. The current CoinMarketCap ranking is #40, with a live market cap of $1,164,299,219. It has a circulating supply of 14,093,193 AAVE coins and a max. supply of 16,000,000 AAVE coins.

Let’s take a closer look at the circumstances of the coin before diving into AAVE price prediction in trying to determine whether it should be part of our crypto portfolio.

What’s AAVE?

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 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 interest 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.

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 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 the 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 $ 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 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.

Aave Price Prediction 2023-2032: Is AAVE a Good Investment? 1

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. 

AAVE Latest Developments

The Aave DAO gave the development team the green light to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their collateral on the platform. The proposal for a stablecoin was made on 7 July 2022 by Aave Companies (development team of Aave protocol) for the launch of GHO, an overcollateralized and US dollar-pegged stablecoin. Upon due consideration by the Aave community, 12 votes were against the proposal, while 17 abstained; the proposal received 99.9% approval from the community, which committed over 500,000 AAVE tokens. The approved proposal also included that Aave V2 on Ethereum will be the first facilitator for GHO. Ethereum will enable to provide liquidity by generating and burning GHO tokens when needed.

Further discussions on GHO are ongoing on the Aave governance forum.

Aave Technical Analysis

Aave Price Prediction 2023-2032: Is AAVE a Good Investment? 2

AAVE price analysis for January 13, 2023, reveals the market following a complete bullish movement; however, AAVE has obtained massive negative momentum, signifying a decline for the AAVE market. The price of AAVE has remained negative over the past few hours. Today, the price crashed and went from $67.7 to $65. However, the market started to further increase further in value soon after, as the cryptocurrency had already gained more of its value. Moreover, AAVE has increased and reached $67.3, just shying away from the $70 mark.

AAVE price analysis reveals the market’s volatility following an increasing movement, which means that the price of AAVE is becoming more prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $66.72, serving as one of AAVE’s supports. Conversely, the lower limit of Bollinger’s band is $47.73, which is the strongest support point for AAVE.

The AAVE/USD price appears to be moving over the price of the Moving Average, signifying a bullish movement. Moreover, the market’s trend seems to have shown bullish dynamics in the last few days. As a result, the market has decided on a negative approach. However, today the market broke, the market started opening its volatility, and the price started moving upwards.

AAVE price analysis shows the Relative Strength Index (RSI) to be 70, signifying an inflated cryptocurrency. This means that the cryptocurrency falls in the upper neutral region. Furthermore, the RSI path seems to have shifted to a downward movement. The decreasing RSI score also means dominant selling activities.

AAVE price analysis reveals the cryptocurrency follows a strong downward trend with much room for further activity on the declining extreme. Moreover, the market’s current condition appears to be following a negative approach. Therefore, we can assume that the bears will start making their moves soon to maintain their control over the market. However, this does not essentially mean that the bearish trend will remain; the bulls will have every chance to reclaim the market. With the market’s current position, it might take some time, but the bearish regime is slowly but surely coming to an end; soon, the bulls will bounce back and take the price of AAVE to new heights.

Aave Price Predictions 2023-2032

Aave Price Prediction 2023-2032: Is AAVE a Good Investment? 3
Aave Price Prediction 2023-2032: Is AAVE a Good Investment? 4

Aave Price Prediction 2023

Aave Price Prediction 2023 is an overall bullish trend leading to a maximum price of $103.67, indicating a significant gain on the current price. We also anticipate a minimum value of $88.75 and an average market price of $91.22. Their new developments and frequent updates could influence the price levels of the cryptocurrency.

Aave Price Prediction 2024

AAVE is forecasted to attain a maximum price of $158.02 based on our Aave cost forecasts for 2024. Investors can expect an average forecast price of $137.77, with its lowest possible price set at $134.13. If Aave seals new partnerships with other major blockchain networks, investors will have easy accessibility to the token, thereby increasing its adoption and market price.

Aave Price Prediction 2025

Our AAVE price forecast for 2025 anticipates a maximum value of $232.95 by the end of the year. A minimum price of $200.59 and an average price of $206.10 are expected. With a higher adoption of blockchain-based applications in the future, AAVE could see an enormous increase in price.

Aave Price Prediction 2026

Aave price prediction for 2026 anticipates a maximum price of $341.75 and a minimum price of $291.20, respectively. An average market price of $299.44 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.

Aave Price Prediction 2027

According to our Aave price forecast for 2027, AAVE investors will record huge profits, as the cryptocurrency could reach a peak price of $510.30. Throughout the year, Aave is assumed to maintain an average price of $435.14 and a minimum price of $420.16. Due to reduced fees, transparency, security, as well as faster transactions, Aave could witness a surge in price.

Aave Price Prediction 2028

Based on our Aave price prediction for 2028, AAVE could trade between a minimum price of $598.35 and a maximum price of Aave Token of $731.63. The expected average price is $620.11. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price. 

Aave Price Prediction 2029

According to our Aave forecast for 2029, AAVE will trade at a maximum price of $1,037.96, indicating an increase in the current price of up to a significant degree. The digital coin is expected to maintain an average trading value of $927.71 and a minimum price of $902.91 throughout the year.

Aave Price Prediction 2030

According to our Aave price prediction forecast for 2030, AAVE will attain a maximum price of $1,529.84. We also anticipate a significant increase in the price support level leading to a minimum price of $1,301.36 and an average market price of $1,347.75.

Aave Price Prediction 2031

AAVE price prediction for 2031 is an overall bullish trend leading to a peak price of $2,259.00. The price indicates a significant increase in the current market price. An average price of $1,977.34 and a minimum price of $1,923.43 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.

Aave Price Prediction 2032

Aave price prediction for 2032 indicates an incredibly high increase in the price of the cryptocurrency; Aave is expected to have a fully bullish year with loads of upside fluctuations. Keeping this in mind, the maximum price of Aave in 2032 is expected to be $3,307.27, with an average trading price of $2,900.76 and a minimum price of $2,801.89.

Aave Price Predictions by Digital Coin Price

The loan token’s continuous rise is predicted by DigitalCoinPrice’s AAVE coin price prediction. According to the site’s AAVE price forecast, prices will be on average $152.36 in September 2022 but $146.49 in December. In 2023 and 2024, it is predicted to increase to an average of $161.95 and $184.85, respectively. Additionally, the website projects an AAVE price of $216.26 for 2025 and a $506.23 AAVE price for 2030.

Aave Price Predictions by Wallet Investor

According to WalletInvestor’s forecast, the price of AAVE would have fallen to $5.27 in a year. According to the Aave pricing forecast for 2025, it should have reduced to $3 by the start of the year. Not all are as hopeful over AAVE’s future price. WalletInvestor had called it a “bad long-term investment” and forecasted the lending token would fall to around $10.80 by the end of 2022; however, the cryptocurrency did not disappoint.

Aave Price Predictions by Coin Codex

One technique to forecast the long-term direction of Aave pricing is to compare it to other significant technology advancements and trends. The aforementioned table illustrates where the price of Aave would be at the end of the years 2024, 2025, and 2026 if its development trajectory had been in line with the expansion of the internet or that of major tech firms like Google and Facebook throughout their boom phases. AAVE’s price projection for 2026 is $2,394.80 in the best-case scenario if it follows Facebook’s growth. The forecast for 2026 would be $274.72 if Aave would foresee the expansion of the Internet.

Aave Price Predictions by Industry Influencers

According to Crypto Vault, Aave has risen up among other cryptos in its class. For the last 7 days, its value has expanded by eighteen percent (18%) and from the last month, by eight percent (8%). The value price forecast for 2024 is $88 to $103, with an average of $91. Other price predictions for forthcoming years follow. Notice that the data is based on previous prices and the use of automated tools.

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Conclusion

The Aave ecosystem has continued to draw investors since its launch with a growing community and the earning opportunities it provides investors by enabling them to lend, borrow, and earn interest on crypto assets without intermediaries. Defi projects like Aave are also prone to attacks by bad actors who take advantage of vulnerabilities in the system.

Exploits on Defi protocols this year have resulted in the loss of millions of investor funds; while Aave has not been attacked, blockchain bridges threaten the Aave platform’s security. The price of Aave is anticipated to continue rising into the future.

The Aave ecosystem has continued to draw investors who use the platform to explore opportunities its ecosystem presents, including Defi, DAO, and NFTs. Through the protocol’s latest update, users can now log on to some of the hottest opportunities within the Aave ecosystem. 

The proposal to deploy Aave on zkSync 2.0 passed, and the integration of their open-sourced liquidity protocol will ensure the safety and scalability of Defi protocols. JP Morgan transacted on a public blockchain using Aave smart contracts is a huge milestone for DeFi representing a massive step towards bringing traditional financial assets into DeFi.

The consensus of analysts is that as long as the price is trading above this area (a long-term descending parallel channel since reaching an all-time high price of $527.80 in May 2021), an eventual breakout seems to be the most likely scenario. A weekly close below it would invalidate the bullish hypothesis and suggest that new lows are expected.

You can buy Aave on top-tier crypto markets like Binance, Huobi global, and Coinbase.

This guide has given you an exhaustive analysis of Aave’s future price trends; however, always seek a second opinion from a financial advisor before investing in the crypto markets.  Also, you may take a look at our GUIDES on Crypto Investing.

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 decision.

FAQs

How high will Aave go?

Favorable market conditions will push Aave to a maximum trading price of $2593.11 in 2031.

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.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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