What is the Aave Crypto Platform?
Aave Crypto is a native of its own crypto platform that enables users to participate in borrowing and lending crypto directly to each other. The borrower should pay some interest while the lenders earn the interest in the crypto world.
Origin of Aave
Aave was first deployed on the Ethereum Network in January 2020. It is a Decentralized Finance (DeFi) protocol that lets people lend and borrow crypto without the need for decentralized intermediaries.
Aave, the lending application developed by Stani Kulechov, was first published in September 2017. In November 2017, AAVE conducted its initial coin offering (ICO), generating $16.2 million by selling one billion AAVE Tokens (formerly known as LEND) and an extra 300,000 tokens reserved for investors. Following the conversion of 100 LEND into 1 AAVE coin in 2020, the total circulating supply of AAVE coins has reached 16 million.
Aave Crypto Live Chart | Current Price
How does Aave work?
The Aave protocol revolutionized lending by automating transactions without needing lender-borrower matching. Lenders can directly deposit their digital holdings into this pool. Borrowers are responsible for paying the interest rates, and lenders earn interest, which is determined by the utilization rate of the pool. Interest rates can be very high when there is more demand and when they are diminished to attract borrowers with unused assets.
It works on the collateralization principle, which states that if borrowers fail to return the borrowed assets within the specified timeframe, the lenders have the right to claim the collateral.
What is the market capitalization and Circulating Supply of Aave Crypto?
Market cap: ₹161,643,557,582
Volume (24h): ₹10,505,878,980
Circulating supply: 14,766,806 AAVE
Total supply: 16,000,000 AAVE
Aave crypto price prediction from 2024 to 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
|---|---|---|---|
| 2024 | 106.98 | 185.89 | 264.81 |
| 2025 | 195.11 | 259.63 | 324.16 |
| 2026 | 267.26 | 357.74 | 448.23 |
| 2027 | 334.65 | 430.49 | 526.34 |
| 2028 | 406.58 | 511.86 | 617.15 |
| 2029 | 498.69 | 599.74 | 700.79 |
| 2030 | 609.74 | 711.15 | 812.56 |
Aave (AAVE) Price Prediction 2024
The Defi token will reach an average price of $115.48 by the end of 2024.
Aave (AAVE) Price Prediction 2025
As the crypto industry continues to evolve, it may experience growth in the adoption curve and meet regulatory constraints simultaneously. However, if it resists the challenges and continues to rise, according to Coinpedia, AAVE’s price will hit a maximum of $324.16 by the end of 2025. It would attain a potential low of $195.11 and an average price of $259.63.
Aave Price Prediction 2026
The forecast prices and technical analysis show that the Aave’s cost is projecting to reach a high of $448.23 in 2026. The minimum price could be as low as $267.26, with an average trading price of around $357.74.
Aave Price Prediction 2027
The Aave token price is predicting to reach a peak of $526.34 with an average trading price of $430.49, and it will get as low as $334.65 in 2027.
Aave Token Price Prediction 2028
The DeFi Token is expecting to reach a minimum of $406.58 in 2028 and a maximum of $617.15, with an average of $511.86.
Aave Price Prediction 2029
The Aave token price is predicting to reach a minimum of $498.69, with a potential of $700.79 and an average of $599.74 by the end of 2029.
Aave Price Prediction 2030
In 2030, AAVE is forecasting to touch its lowest price of $609.74, hit a high of $812.56, and an average of $711.15.
How to buy Aave tokens in India?
Let’s consider a few steps to buy Aave Tokens in India.
One of the most trusted ways to buy Aave tokens in India is with Bitcoiva, the best cryptocurrency exchange in India. You can deposit INR/USDT in Bitcoiva and buy Aave, which has high liquidity and low transaction fees.
Step1: Sign up on the Bitcoiva Account
To buy and sell Aave cryptocurrency, you must create an account on the Bitociva Crypto exchange platform. If you already have an account, you can log in with your credentials.
Click the below link to create an account.
Step 2: Set up your Security key
First, activate your Bitcoiva account and generate a six-digit security key in Bitcoiva. Bitcoiva allows 2FA authentication and sends OTP for the registered mobile ID and phone number.
Step3: Complete the KYC process
You have to upload your bank details to complete the KYC process.
Step 4: Deposit Funds
To buy Aave crypto, Deposit fiat currencies. Bitcoiva is the only crypto exchange in India that allows you to buy cryptocurrencies using INR.
Step 5: Buy Aave on Bitcoiva
Your deposited funds are now in Bitcoiva’s main wallet; you must do a wallet transfer to move them to the spot wallet and buy Aave crypto.
Now, enter the total amount you want to buy Aave crypto and click on buy.
Bitcoiva also allows you to swap your favorite cryptocurrencies. You can also earn a 61.5% staking bonus in Bitcoiva.
FAQ
What is the AAVE token?
Aave operates as a protocol built on the Ethereum Blockchain that offers automated crypto loans. Investors earn by depositing their cryptocurrencies as collateral, and the borrowers buy them with the predetermined collateral value.
Is AAVE crypto a good investment?
Aave crypto shows promising signals with numerous innovations in the market outlook. Experts predict that long-term forecasting gestures will increase confidence among users.
What is the value of AAVE?
The live price is $115.64 per (AAVE/USD), and the 24-hour trading volume in Bitcoiva is $8094131.28.
Is AAVE crypto safe?
Aave is a non-custodial platform, ensuring it never directly holds your cryptocurrency. Thus, it lowers the risk of attracting hackers while the user does not maintain any wallets.
Who is the owner of the Aave crypto token?
Stani Kulechov is the founder and CEO of Aave, a peer-to-peer lending platform and one of the first widely used DeFi applications.
What is the future of Aave?
The Aave token is the leading Defi application, accessible to users, and stands out as its native token. It is anticipating to reach $115.48 by the end of 2024 and is projected to reach its peak value of $144.36 in 2030.
What are the benefits of AAVE?
The major benefit of the Aave token is that it allows users to lend more and earn more safely and without risk.
Visit: www.bitcoiva.com