Aave (AAVE) Price Prediction 2023-2030: Will AAVE Reach $100 Soon?

• Bullish AAVE price prediction ranges from $105.93 to $107.62.
• AAVE price might also reach $154.93 in 2023.
• AAVE’s bearish market price prediction for 2023 is $39.65.

In the ever-evolving realm of decentralization, Aave offers a revolutionary platform that redefines the way we perceive borrowing and lending. Aave is not just a cryptocurrency or a blockchain project; it’s a fully decentralized, non-custodial liquidity market protocol. Since it is open-source, Aave allows anyone to enter the network promoting itself as a fully decentralized community. Meanwhile, AAVE is the heart of the Aave and provides many benefits within the network.

If you are interested in the future of Aave and would like to know the price analysis and price prediction of its token for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition price prediction article.

What is Aave (AAVE)?

Aave describes itself as a fully decentralised non-custodial liquidity market protocol where users can participate as suppliers or borrowers. Depositors provide liquidity services in the market in the hopes of earning passive income. Meanwhile, the borrowers could borrow in an overcollateralized or undercollateralized fashion. 

Highlighting its security features, Aave is audited by leading security firms such as Trail of Bits, Certora, Sigma Prime, Peck Shield, and more. Aave is also completely open source, opening the network to anyone with a user interface client, API, or directly with the smart contracts on the Ethereum network. 

Aave is the governance token of the network and allows users to vote and decide on the outcome of the Aave Improvement Proposals (AIPs).  AAVE token can also be utilized to be staked within the protocol ‘Safety Module’ to provide security/insurance to the protocol/suppliers. Through staking, Staker can earn rewards and fees from the protocol.

AAVE Market Overview

Aave (AAVE) Current Market Status

AAVE is ranked in the 43 positions based on its market capitalization, according to CoinMarketCap. The current circulating supply of the AAVE is 14,579,845 AAVE, while its total supply is 16,000,000 AAVE. 

Moreover, AAVE is priced at $69.98, experiencing a 13.82% surge in seven days. With a market cap of $1,020,294,676, AAVE also witnessed an 8.15% rise in 24 hours. Moreover, AAVE is experiencing a rise in its demand as the trading volume, valued at $109,514,317, experienced a spike of 57.97% in one day.

Some of the crypto exchanges for trading AAVE are currently Binance, Kraken, Coinbase, OKX, and KuCoin. 

Now, let’s dive further and discuss the price analysis of AAVE for 2023.

Aave (AAVE) Price Analysis 2023

Will AAVE’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Moreover, would the changes in the digital asset industry and the financial sector affect AAVE’s sentiment over time? Read more to find out about AAVE’s 2023 price analysis.

AAVE Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The candlesticks are currently trading in the upper half of the Bollinger Bands as it continue to move upward. Moreover, the candlesticks are currently touching the upper band of the Bollinger Band which could be a sign of the altcoin reaching the overbought region. Ideally, traders often expect a fallback after it hits the upper band, however, it seems that after AAVE faced a fall it formed green candlesticks once again.

AAVE Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

The RSI is currently valued at 61.84, which is above the 60 region. The RSI above the 60 region could be a sign that the AAVE may still be experiencing a bull run. Observing the chart, the RSI reached 60 after it touched the overbought region twice. While sellers rushed in to seek profits from these minor peaks, the buyers rallied to the altcoins defense during its downfall further increasing AAVE price.

AAVE Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

The MACD indicator also complements the other indicators’ statement that AAVE is still experiencing a bull. This is evident from the green bars forming on the MACD indicator. On top of that, the MACD line is moving upwards while maintaining its distance from the signal line. The MACD pointing upwards further indicates that the altcoin may continue to move upwards in the short-term period as the green candlesticks are still forming on the chart.

AAVE Price Prediction 2023-2030 Overview

AAVE Price Prediction 2023

Looking at the chart, the candlesticks seems to moving upwards within the regression line as it continues to form higher highs and higher lows. During its upward journey, AAVE already crossed two resistance levels and is about to break the weak resistance level at $74.42. If the candlesticks continue to move upward it could reach $79.89.

 However, at this level, the candlesticks could face a downfall and cling on to the current weak resistance level. The ultimate goal of the altcoin is to break above $104.08, which would be AAVE’s this year’s new high level. It should be noted that AAVE faces subsequent fall after crossing level, hence a similar sentiment could also be expected. On the other hand, the continuous price movement above this level could confirm that AAVE may break above 200 as well.

Meanwhile, the forecast for AAVE remains to be bullish and is expected to reach beyond the level of $105. The bearish price prediction for AAVE ranges from $34.99 to $39.65. However, on the off chance, that AAVE experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $154.63.

AAVE Price Prediction 2023 – Resistance and Support

Looking at the AAVE/USDT chart, the candlesticks are currently trading near the resistance level, indicating that the altcoin may continue to move upwards. AAVE may show a significant uptrend performance and climb above the various target levels. In order for the altcoin to reach the extreme bullish zone, it needs to cross its last target point. Even though AAVE may face a few downfalls in between, the community come to the altcoins’s side and trigger a bull run once again.

AAVE Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. AAVE could also be affected by Bitcoin halving and could trade beyond the price of $172 by the end of 2024.

AAVE Price Prediction 2025

AAVE could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, AAVE will continue to rise in 2025 forming new resistance levels. It is expected that AAVE would trade beyond the $219 level.

AAVE Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. Moreover, when AAVE remains in the oversold region, there could be a price correction soon. AAVE, by the end of 2026, could be trading beyond the $231 resistance level after experiencing the price correction.

AAVE Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. AAVE is expected to rise after its slumber in the bear season. Moreover, AAVE could even break more resistance levels as it continues to recover from the bearish run. Therefore, AAVE is expected to trade at $264 by the end of 2027.

AAVE Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, AAVE will continue to form new higher highs and is expected to move in an upward trajectory. Hence, AAVE would be trading at $298 after experiencing a massive surge by the end of 2028. 

AAVE Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, AAVE could be trading at $317 by the end of 2029.

AAVE Price Prediction 2030

After witnessing a bullish run in the market, AAVE and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, AAVE could be trading at $322.

AAVE Price Prediction 2040

The long-term forecast for AAVE indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, AAVE may face a slight fall before starting its upward journey once again. It is expected that the average price of AAVE could reach $526.9 by 2040.

AAVE Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, AAVE could surpass the resistance level of $843.82.  

Conclusion

AAVE has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in AAVE and add these tokens to their portfolio, then, it could continue to rise up. AAVE’s bullish price prediction shows that it could pass beyond the $105 level. Moreover, AAVE could surpass the $893.22 level by the end of 2050.

FAQ

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.

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