 in the coming years. Will AAVE become a good investment? Find out here.){kind=link}
- Bullish AAVE price prediction ranges from $102.3 to $247.4.
- AAVE price might also reach $250 this 2022.
- AAVE’s bearish market price prediction for 2022 is $47.5.
Aave is an open-sourced blockchain platform that supports lending and borrowing. Its native token is called AAVE. It is present in Fantom blockchain, Heco blockchain, Ethereum blockchain, and Binance Smart Chain.
Aave investors are bullish on the token since it has had a return on investment (ROI) of over 173 times since its launch. The crypto bubble of 2021 led to the surge in the price of AAVE to its present all-time high (ATH) price of $666.86 which was attained on May 2021. Aave has not surpassed this psychological resistance level since then. Irrespective of the recent crypto winter, Aave investors are confident that the future of AAVE is bullish.
If you are interested in the future of Aave (AAVE) and would want to know the price analysis and price prediction of AAVE for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Aave (AAVE)?
AAVE is an Ethereum-based token that was launched in 2017 as ETHLend before it was rebranded to AAVE in 2018. The initial coin offering (ICO) of the price of each AAVE during the launch was at a rate of $0.0162. Aave was founded by Stani Kulechov a known entrepreneur.
Before the emergence of decentralized finance in 2018 after the crypto bubble of late December 2017 and early January 2018, AAVE established itself as a lending and borrowing platform that works on deflationary technology.
Developers can build on AAVE’s protocol while investors can earn interest on their investments. There is over $10.83 billion worth of assets that are locked as liquidity on 13 markets across 7 networks on AAVE at the time of writing. Some of the top markets on AAVE’s network are the Ethereum market, Avalanche market, Optimism market, Polygon market, and others.
In July 2020, the team did a token swap which reduced the total supply of AAVE by the ratio of 1:100. This reduced its present total supply to 16 million AAVE tokens.
Aave (AAVE) Current Market Status
The maximum supply of Aave (AAVE) is 16,000,000 AAVE while its circulating supply is 13,994,116 AAVE according to CoinMarketCap. At the time of writing, AAVE is trading for $88.42 which represents 24 hours decrease of 2.14%. The trading volume of AAVE in the past 24 hours is $202.2 million which represents a 24.34% increase.
Some of the top cryptocurrency exchanges for trading Aave (AAVE) are Binance, Kucoin, Huobi Global, Gate.io, FTX, and others.
Now that you have known what AAVE is and its current market status, we shall discuss the price analysis of Aave (AAVE) for 2022.
Aave (AAVE) Price Analysis 2022
Currently, AAVE is ranked in the 45th position on CoinMarketCap. Will developments and upgrades within the Aave community lead to a rise in the price of Aave (AAVE)? We shall see in this CoinEdition price analysis 2022 article.
Aave (AAVE) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for AAVE/USDT, it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of AAVE might be sustained before any reversal would be expected.
Aave (AAVE) Price Analysis- Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Aave (AAVE) 1day chart of AAVE/USDT is at 45.99. This shows that AAVE is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong region, before any price correction soon.
Aave (AAVE) Price Prediction-Moving Averages
The chart above shows the 1Day chart of AAVE 200-day and 100-day Moving Average (MA). Presently, AAVE is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can reduce the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Aave (AAVE) might experience a big rise or fall in the future.
Aave (AAVE) Price Prediction 2022
By looking at the daily chart of AAVE/USDT, Aave’s price was swinging from $123.7 resistance2 to $102.3 resistance1 after touching the support levels of $75.2 and $47.5. It reversed from the support level of $75.1 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term AAVE price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect AAVE to reach $250 in 2022.
Aave (AAVE) Price Prediction-Resistance and Support Levels
This bullish chart shows that the price of AAVE has increased by 12.2% in the past 30 days. If this price increase continues, AAVE could break the $102.3 resistance1 level and move higher to $247.4 at the resistance7 level, and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of AAVE might be dethroned from its present uptrend position. In simpler terms, AAVE might trend below the $47.5 support3 level, and even lower in 2022, a bearish signal.
Aave (AAVE) Price Prediction 2023
Aave (AAVE) might hit $300 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of AAVE will see rapid growth to $275. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more AAVE thereby reducing its volume in circulation. This could make the price of AAVE touch $300 shortly.
Aave (AAVE) Price Prediction 2024
Aave (AAVE) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently. Additionally, this could only be possible if AAVE breaks through past psychological resistance levels.
Aave (AAVE) Price Prediction 2025
Aave (AAVE) prices might grow past $600 during the next three years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell, which may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Aave (AAVE) Price Prediction 2026
Aave (AAVE) prices might grow past $800 during the next four years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Aave (AAVE) Price Prediction 2027
Aave (AAVE) prices might grow past $1000 during the next five years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Aave (AAVE) Price Prediction 2028
Aave (AAVE) prices might grow past $1200 during the next six years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Aave (AAVE) Price Prediction 2029
Aave (AAVE) prices might grow past $1500 during the next seven years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Aave (AAVe) Price Prediction 2030
Aave (AAVE) prices might grow past $2000 during the next eight years. Furthermore, hitting this level might not be so tough for AAVE due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, AAVE has a strong chance of reaching a new all-time high (ATH) price.
Conclusion
As said above, AAVE might reach $250 in 2022 and $2000 by 2030 if investors have decided that AAVE is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Aave is a protocol for lending, borrowing, and investing on the Ethereum blockchain to earn interest.
Like other cryptocurrencies, Aave (AAVE) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, FTX, and others.
AAVE has a low possibility of surpassing its present all-time high (ATH) price of $666.86 in 2022.
It was launched in 2017.
Aave (AAVE) price is expected to reach $300 by 2023.
Aave (AAVE) price is expected to reach $400 by 2024.
Aave (AAVE) price is expected to reach $600 by 2025.
Aave (AAVE) price is expected to reach $800 by 2026.
Aave (AAVE) price is expected to reach $1000 by 2027.
Aave (AAVE) price is expected to reach $1200 by 2028.
Aave (AAVE) price is expected to reach $1500 by 2029.
Aave (AAVE) price is expected to reach $2000 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.