AAVE is a DeFi platform that allows its users to borrow and lend cryptocurrencies without the need for an intermediary. The protocol, essentially, operates as a crypto money market.
Initially deployed on the Ethereum network in January 2020, Aave has since expanded to more chains, including Polygon and Avalanche in the look for more scalable alternatives. Aave is powered by its gas token with the same name– AAVE.
This piece will tell you everything you need to know about the Aave platform and its native token. We will discuss the features of the protocol and the economics of the token.
I will also give you step-by-step instructions for buying the token from an exchange.
Aave Key Features
| Liquidity Protocol | The Aave platform allows users to earn passively by earning interest on supplied assets. |
| Flash Loans | You can obtain uncollateralized loans from Aave, known as flash loans. |
| Multiple Interest Options | On Aave, borrowers can choose and switch between fixed and variable interest rates. |
| Decentralized Governance | The platform is community-governed by over 100,000 token holders |
| Aave Grants | The Aave community has a grants program to fund the chosen ideas submitted by the community members. |
Aave (AAVE) Tokenomics
The total supply of AAVE is 16 million tokens which is also the maximum supply. Of these, only 14,743,294 AAVE are in circulation.
Aave (AAVE) Present Price
As of now, AAVE is traded for $105.77 a piece, around 1.5% up from yesterday’s prices, making up a market capitalization of over $1.55 billion. The 24-hour trading volume stands at $143 million, down 9.28% from yesterday.
Aave (AAVE) Price Prediction 2024
The technical indicators are bullish about AAVE price while the Fear & Greed Index is at 82 signalling extreme greed.
Aave was in the green territory for 18 out of the last 30 days with an acceptable price volatility of 5.94%.
Our quants forecast that the price of AAVE will go up by 2.29% and reach $ 107.52 by next week.
Aave (AAVE) Price Prediction 2025
The quantitive analysis of the Aave token suggests that in 2025, its price will fall between $ 97.40 and $ 766.68.
If it hits the higher end of the prediction, that will be a 627.23% gain compared to today’s price.
Aave (AAVE) Price Prediction 2030
Fast forward to 2030, our forecasts are $ 508.61 on the lower side and $ 958.62 on the higher side. This will be translated into a whopping 807.48% return for the investor.
Where to Buy Aave (AAVE)?
You can buy AAVE from HTX, Kraken, OKX, Coinbase, Bybit, KuCoin, Gate.io, and Kraken.
How to Buy Aave (AAVE)?
Follow the below steps to buy AAVE from Kraken.
- If you already don’t have one, create a free account on Kraken. You can do this on a browser or the app. You’ll need to verify your identification before you can start using the service.
- Click on the ‘buy crypto’ option at the top of the Kraken website and choose how you want to buy.
- If you are a new user, use your credit card or bank account transfer. Confirm payment.
- Your AAVE will appear on your Kraken wallet. If you need more security, you can store your tokens in a personal crypto wallet
Conclusion
Aave aims to replace the micro-lending platforms in traditional finance without an intermediary who skims off the top. The platform serves as a passive source of income for some users and a source of credit for others.
Starting from the last quarter of 2023, the price of the native token AAVE has been on fire and our technical analysis gives it a bullish stance.
All being said, we want to stress the fact that cryptocurrencies and tokens are highly susceptible to price changes and market conditions can have a large impact on their performance regardless of the underlying value of the platform. We advise the reader to exercise adequate caution before jumping into such assets.
