Aevo (AEVO) Price Prediction 2024-2030: Can the Token Hit $5?

• AEVO’s price rallied, then plunged below $3 within 24 hours of launch.
• Volatility around the token had become low, indicating mild price fluctuations.
• The MFI closed in on the oversold region, suggesting a bounce to $5 in the mid term.

Having different options when trading options or any contract in the derivatives market has become important for market players. While there are some popular platforms, there are only a few which provide low-latency trading experience.

This is where Aevo comes in. Beyond its derivatives trading offer, Aevo also has a token. If you are interested in knowing more about Aevo, its native token, and potential price performance from 2024 to 2050, read this Coin Edition article.

Aevo (AEVO) Real Time Market Status

What is Aevo (AEVO)?

AEVO is the native token of the decentralized derivatives exchange built on Ethereum (ETH) while using the OP Stack. Coin Edition was able to identify the reason behind the massive fluctuation.

On March 13, the Aevo team distributed $30 million in rewards to its early adopters. Some recipients of the AEVO airdrop sold, and the token faced high volatility. 

However, further investigation showed that a number of eligible addresses were not satisfied with their allocation. For instance, a certain handle on X (formerly Twitter), “mizucoin.eth” expressed his discontent.

According to him, the value of tokens allocated was not worth the volume some users contributed to the project. Despite that, press time data showed that AEVO registered a 6.24% increase since launch.

Aevo (AEVO) Price Analysis

Despite being launched recently, AEVO has had some major price movements. In this article, we look at the price action and predictions that could impact the token in the short to long term. Read more.

Aevo (AEVO) Price Analysis – Bollinger Bands

The AEVO/USDT chart on the 15-minute timeframe showed that bulls are attempting to send the price above $3.25. However, a close analysis of the token revealed that AEVO might face a stumbling block in the process.

However, the Bollinger Bands (BB) indicated that volatility had become low, suggesting that significant price fluctuations might be challenging. Therefore, the BB showed that AEVO might not extend beyond $3.06 in the short term

Aevo (AEVO) Price Analysis – Relative Strength Index

Coin Edition considered the Relative Strength Index (RSI). At press time, the RSI was below the 50.00 midpoint, indicating bearish momentum. However, there were signals that bulls might drive the oscillator into positive territory soon.

If the price can break above $3.16, then an uptrend in the $4 direction might be possible. On the other hand, failure to close above $3.16 might force the price downwards. This time, the value of the token might drop as low as $2.82.

Aevo (AEVO) Price Analysis- Moving Average Convergence Divergence

Indications from the MACD showed that the reading was neutral, indicating that AEVO’s momentum could go either way. However, the 12 EMA (blue) and 26 EMA (orange) were in the negative region.

If this continues, AEVO’s price might stall or consolidate. But the 12 EMA had risen above the 26 EMA. As such, the value of the token has the potential to trend higher. But that would only be the case if buyers continued to outpace sellers, as shown by the MACD.

Aevo (AEVO) Price Prediction 2024

For many investors, 2024 is a bullish year for the crypto market. Therefore, it is likely that a lot of tokens might hit new highs. However, traders might need to watch out for Bitcoin’s (BTC) price action before jumping into AEVO.

As of this writing, the 20 EMA (blue) had crossed below the 50 EMA (yellow). This indicates that AEVO’s trend was bearish. The price of the token had also slipped below the EMAs, suggesting that a deeper correction could be on the way.

Meanwhile, the Accumulation/Distribution (A/D) indicator stabilized. The A/D reading suggested that buying and selling of the token were at almost the same pace. Therefore, AEVO’s price could consolidate.

However, if the price of Bitcoin continues to rise, then other altcoins like AEVO might follow. For 2024, it is expected that the price of AEVO might hit double-digits.

Aevo (AEVO) Price Prediction- Resistance and Support Levels

From the 15-minute chart below, bulls had built support for the token at $2.96. As a result, the price was able to rise to $2.99. However, there was a hurdle to face at $3.03. If bulls break through this point, AEVO could attempt to retest the $3.09 resistance.

Should the price break past this point successfully, the value might rally to $5. If not, the price of AEVO could grind to a halt.

Aevo (AEVO) Price Prediction 2025

The year 2025 could be bullish for AEVO, as many market players are optimistic that the bull cycle will run for more than a year.

While the cryptocurrency might undergo a correction, it is likely that the price will perform better than in 2024. But that would also depend. Should the prices of BTC and ETH climb during this period, then AEVO would have no other option than to soar as high as $25.

Aevo (AEVO) Price Prediction 2026

2026 might be a different year for the crypto market in general, and AEVO might not be exempted. By this time, investors might have made a lot of profits from the bull market and might start realizing them.

If this is the case, the price of AEVO might collapse to $10. However, this does not mean that the value would not recover. But it could be difficult to replicate the kind of performance it might have in 2024 and 2025.

Aevo (AEVO) Price Prediction 2027

By 2027, the crypto market might be in a bearish phase. Therefore, AEVO might not register an incredible price surge. While the cryptocurrency value might remain stable, it might also drop. The price prediction for AEVO by then could be around $10 to $15.

Should this happen, investors might consider buying the token at a discount before the price bounces off the lows.

Aevo (AEVO) Price Prediction 2028

After the 2024 Bitcoin halving, the next year for the event is 2028. Historically, halving periods have been bullish for altcoins. Therefore, this might not change by 2028.

In 2028, AEVO might experience exponential growth that drives it higher than it has ever been. In a highly bullish case, the price of the token might hit $30, and this could be the start of something better.

Aevo (AEVO) Price Prediction 2029

AEVO’s price prediction for 2029 could see the token move in the $50 direction. However, that would depend on the relevance of its fundamentals in the market. If the project still has a stake in the derivatives exchange sector, then demand for the token might surge.

If demand rises, the price might also follow. By December 2029, AEVO’s price is expected to hit a new all-time high.

Aevo (AEVO) Price Prediction 2030

For 2030, AEVO might experience a drawdown. This could be due to profit-taking or bearish market sentiment. However, in the same year, the price might rebound but it might rally as high as it might be in 2029. Therefore, the average performance in 2030 is for the token to trade sideways between $25 and $40.

Aevo (AEVO) Price Prediction 2040

2040 seems like a long time, and it might be difficult to predict. But AEVO’s fundamentals makes it one that could survive any onslaught the market brings. While the price might decline at some point, AEVO could experience bullish momentum in the year that could see its price run toward $100.

Aevo (AEVO) Price Prediction 2050

By 2025, demand for AEVO might hit impeccable levels. But that does not mean that the price would move northward only. During this period, AEVO might encounter some corrections. However by the end of the 2050, AEVO could rise above $165.

Conclusion

In conclusion, AEVO is a relatively new project. Therefore, it might be too early to ascertain how far its price might move. However, the project seems to have a strong community that could keep the token in the eyes of investors for a long time. If AEVO stays for decades, its price could get closer to $200 at one point.

FAQ

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