AAVE forecast summary
|AAVE forecast: H1 2021
Price: $ 550- $ 600
Price drivers: war against cryptocurrencies, technology, market sentiment
|AAVE forecast: 1 year
Price: $ 700- $ 750
Price drivers: Increased acceptance and benefits, development of the cryptocurrency market, technology
|AAVE prognosis: 3 years
Price: $ 1,500 to $ 2,500
Price drivers: Price drivers: New developments from AAVE, Crypto Market Sentiment
Aave is an Ethereum-based money market that allows users to borrow and lend a wide variety of digital assets, from stablecoins to altcoins. The Aave protocol is regulated by AAVE owners. Aave, which means “spirit” in Finnish, was originally known as ETHLend when it was launched in November 2017, but it was renamed Aave in September 2018. AAVE offers holders reduced fees on the platform. In addition, AAVE also serves as a governance token, giving owners a say in the future development of the protocol.
AAVE Coin appears to have resumed the uptrend that began earlier this year after the crypto crash, with AAVE outperforming most of the market. Most of the top 100 cryptocurrencies were still battling for their great February 2020 value, when AAVE hit its all-time high of $ 498 in February, which was broken in May when AAVE hit $ 707. However, its growth could be due to the coin running on the Ethereum network. This could be the reason for Aave’s sudden growth through mid-May, as the current market cap deal has an average valuation of nearly $ 3.5 million. The current Aave price is around $ 410 with a 24-hour trading volume of $ 653,828,345. The current Aave ranking is # 26 with a live market cap of USD 3,951,460,762. It has a circulation of 12,794,278 aave coins and a maximum amount of 16,000,000 aave coins. Aave Coin is currently trying to decide like most cryptocurrencies, but it still seems better supported than most and ready to resume the uptrend.
As mentioned earlier, Aave is a decentralized financial protocol that allows users to lend and borrow a variety of digital assets, from stablecoins to altcoins. Lenders earn interest by depositing digital assets into specially created pools of liquidity. Borrowers can then use their crypto as collateral to take out a flash loan with that liquidity. Aave introduced additional features such as instant loans and other forms of debt and credit issuance that take advantage of the unique design features of blockchains.
Who are the founders of Aave?
Aave is a for-profit company founded by Stani Kulechov in 2017. It is based in Switzerland. Stani Kulechov trained in law in Helsinki and founded Aave during his studies. The company, originally called ETHLend, raised $ 16.2 million in an Initial Coin Offering (ICO) in 2017, during which time it sold 1 billion units of its AAVE cryptocurrency – originally called LEND.
What makes Aave unique?
Aave has many unique points compared to other cryptocurrencies. During the DeFi frenzy in the summer of 2020, it was considered one of the largest projects in terms of the total value of the cryptos contained in its log. It allows people to borrow and lend nearly 20 cryptocurrencies, which means users have a wide range of choices. One of Aave’s flagship products is “Flash Loans,” touted as the first unsecured loan option in the DeFi area. Another unique point is that those who borrow through Aave can switch between fixed and floating rates. While fixed rates can give some certainty about costs in times of volatility in the crypto markets, floating rates can be helpful if the borrower thinks that prices will be undercut.
Recent changes to the AAVE price
|period||Change ($)||Change %|
|1 month||+58||+ 23.4%|
|6 months||-20||+ 4.7%|
|1 year||+377||+ 871%|
|Since 2018||+389||+ 1820%|
AAVE price forecast for the next 5 years
We will present the comprehensive AAVE price prediction and forecast which provides a better insight into the current AAVE market situation, AAVE market capitalization and future expectations regarding price development. It will help understand what is going on in the crypto market right now.
Aave is a decentralized financial protocol that enables people to lend and borrow crypto, founded by Stani Kulechov in 2017. The current Aave price is $ 322.05 with a 24 hour trading volume of $ 373,828,345. Aave is down 2.15% in the past 24 hours. The current Aave ranking is # 28 with a live market cap of USD 4,120,460,762. It has a circulation of 12,794,278 AAVE coins and a maximum number of 16,000,000 AAVE coins.
We believe Aave is the best investment option over the long term. According to our forecast, the price of AAVE will be around $ 1,327,240 per coin by the end of December 2021. In 2022, the price is expected to rise further to $ 2,371,730 (+250 percent). In 2023, the price is projected to be $ 3,410.670 (+560 percent) and $ 4,448.460 (+880 percent).
Our platform believes that the Aave coins are a profitable investment. The AAVE price may go up based on the dates you predict. By our rough estimate, AAVE is likely to be worth $ 1,347.37 in 2025. December 2021 is likely to end with a price of $ 627.17 after the next year with a price of $ 756.3; in 2023 the price will be $ 908.12.
Technical Analysis – AAVE / USD consolidates above double top
Cryptocurrencies returned large chunks of their value, with AAVE / USD taking one of the biggest hits during the cash, losing nearly $ 500, or 3/4 of its value. Although it still seems better supported than most other cryptos at the moment, having risen above the 20 SMA (gray) on the monthly chart below. Aave’s price more than doubled after the July rally, hitting a high of $ 448 and halving losses, but the surge has halted for now. However, the bias for this pair still remains bullish as the larger trend is still up and making higher lows after the pullback.
AAVE / USD reversal above 20 month SMA
On the weekly chart below, the 20 SMA (gray) offered support in April / May as cryptocurrencies climbed even higher, but it broke towards the end of May and it appears that this moving average has now turned into resistance. The 20 SMA turned into resistance immediately after falling below it, while again rejecting AAVE / USD this week, falling after the bullish move of the past few weeks. The rising trendline has been broken, so the 20 SMA remains the ultimate test on the weekly chart. If buyers manage to cross this moving average on the weekly chart, the bullish trend will continue, until then uncertainty will continue as the price bounces between the 50 SMA (yellow) and the 20 SMA.
AAVE / USD is now finding resistance at the 20-week SMA
On the daily chart, smaller moving averages provided support when the trend was bullish, then the larger MAs came into play when the trend slowed and eventually reversed. The 200 SMA (purple) assisted on several occasions for about a month before it was broken. Thereafter it became resistance that reversed the price down in July but has now broken up and resumed the abandonment of support. So overall, this pair looks bullish and we are considering buying Aave for the long term.