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Aave price prediction for 2021 and future predictions

AAVE – Forecast Summary

AAVE forecast: H1 2021
Price: $550-$600
Price Drivers: War On Cryptocurrencies, Tech, Market Sentiment
AAVE forecast: 1 year
Price: $700-$750
Price drivers: increased adoption and utility, cryptocurrency market evolution, technology
AAVE forecast: 3 years
Price: $1,500 to $2,500
Price Drivers: Price Drivers: New Developments by AAVE, Crypto Market Sentiment

Aave is an Ethereum-based money market that allows users to borrow and lend a variety of digital assets, from stablecoins to altcoins. The Aave protocol is governed by AAVE holders. Aave, meaning “spirit” in Finnish, was originally known as ETHLend when it launched in November 2017, but the name change to Aave took place in September 2018. AAVE offers holders discounted fees on the platform. Additionally, AAVE also serves as a governance token, giving owners a say in the future development of the protocol.

AAVE Coin seems to have resumed the uptrend that started earlier this year after the crypto crash, allowing AAVE to outperform most of the market. Most of the top 100 cryptocurrencies were still struggling to match their February 2020 big numbers 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 attributed to the coin running on the Ethereum network. That could be the reason for Aave’s sudden growth through mid-May, as the current market cap transaction 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 26th with a live market cap of $3,951,460,762. It has a circulating stock of 12,794,278 Aave coins and a maximum supply of 16,000,000 Aave coins. Aave Coin is currently trying to decide itself as most cryptocurrencies but still appears to be better supported than most and poised to continue the uptrend.

As mentioned, Aave is a decentralized financial protocol that allows users to lend and borrow various digital assets, ranging from stablecoins to altcoins. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a lightning loan with this liquidity. Aave introduced additional features such as instant loans and other forms of issuance of debt and credit that take advantage of blockchains’ unique design properties.

Who are the founders of Aave?

Aave is a for-profit company founded in 2017 by Stani Kulechov. It is based in Switzerland. Stani Kulechov was educated in law in Helsinki and founded Aave during his studies. Originally named ETHLend, the company raised $16.2 million in an Initial Coin Offering (ICO) in 2017. During that time, it sold 1 billion units of its AAVE cryptocurrency — originally named LEND.

What makes Ave unique?

Aave has many unique points compared to other cryptocurrencies. During the summer of 2020 DeFi craze, it was seen as one of the biggest projects in terms of total value of cryptos locked in its protocol. It allows people to borrow and lend in almost 20 cryptocurrencies, which means users have plenty of choice. One of Aave’s flagship products is “flash loans,” touted as the first unsecured lending option in the DeFi space. Another unique point is that those who borrow through Aave can switch between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can be helpful if the borrower thinks prices will fall short.

Recent AAVE price changes

Period Change ($) change %
1 month +58 +23.4%
3 months -161 -35.9%
6 months -20 +4.7%
1 year +377 +871%
Since 2018 +389 +1820%

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AAVE price prediction for the next 5 years

We are going to 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 the price development. It will help to understand what is going on in the crypto market right now.

Aave is a decentralized finance protocol that allows people to lend and borrow crypto that Stani Kulechov founded in 2017. The current Aave price is $322.05, with a 24-hour trading volume of $373,828,345. Aave is down 2.15% over the past 24 hours. The current Aave ranking is 28th with a live market cap of $4,120,460,762. It has a circulating stock of 12,794,278 AAVE coins and a maximum supply of 16,000,000 AAVE coins.

We believe that Aave is the best investment opportunity over the long term. According to our forecast, the price of AAVE will be around $1327,240 per coin by the end of December 2021. In 2022, the price is expected to increase further to $2371.730 (+250 percent). In 2023, the price is expected to be $3410,670 (+560 percent) and $4448,460 (+880 percent).

Our platform believes that the Aave coins are a profitable investment. AAVE price may increase according to the dates they predict. According to our rough estimate, AAVE will likely be worth $1,347.37 in 2025. December 2021 is expected to end with a price of $627.17 after next year with a price of $756.3; In 2023, the price will be $908.12.

Technical Analysis – AAVE/USD

Cryptocurrencies gave back large chunks of their value, with AAVE/USD taking one of the biggest hits during the cash, losing almost $500 or 3/4 of the value. Though it still appears to be better supported than most other cryptos at the moment after jumping above the 20 SMA (grey) on the monthly chart below. Aave’s price has more than doubled after July’s bounce, peaking at $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 Reversing above the 20-month SMA

On the weekly chart below, the 20 SMA (grey) provided support in April-May as cryptocurrencies surged even higher, but it broke towards the end of May and it seems like this moving average has now turned into resistance. The 20 SMA became resistance immediately after the price breached below it, while again rejecting AAVE/USD this week, with the price turning lower after last weeks bullish price action. The ascending trend line has been broken leaving the 20-SMA as the ultimate test on the weekly chart. If the buyers manage to scale above this moving average on the weekly chart, the uptrend will resume, until then uncertainty will linger as the price bounces between the 50 SMA (yellow) and the 20 SMA.

AAVE/USD is now finding resistance at the 20th weekly SMA

On the daily chart, minor moving averages offered support when the trend was bullish, then major MAs came into play as the trend slowed and eventually reversed. The 200 SMA (purple) offered support for about a month on multiple occasions before breaking. It then turned into resistance and turned the price down in July, but has now been broken to the upside and has resumed support incumbent. So overall, this pair looks bullish and we consider buying Aave for the long term.

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