Aave Price Prediction 2020
What is Aave (LEND)?
Aave is an open-source DeFi protocol that allows users to conclude credit contracts between individuals using Ethereum technology. Users can act as investors and get a passive income or borrow a diverse range of cryptocurrencies at fixed and variable interest rates. Aave DeFi project has its native token LEND which is used as a collateral asset and also for getting such benefits as reduced fees and staking rewards.
The project was launched in 2017 as ETHLend and rebranded into Aave in 2018. Aave meaning: the name Aave came from a Finnish word which means a ghost. This title totally reflects the main goal of the project – to create a transparent and open lending infrastructure based on blockchain technology.
Nowadays Aave is one of the TOP-30 cryptocurrencies by market capitalization.
|ROI since launch||>3,785.73%|
|Circulating Supply||1,299,999,942 LEND|
|Total Supply||1,299,999,942 LEND|
Source: CoinMarketCap, Data was taken on 24 August 2020.
Aave achievements and future plans
In 2019 the project has the following main updates and news:
• A new office in London was opened.
• The team announced Baiji release.
• Release of a new product – Aave Pay.
• Launched of AAVE SDK.
• Announce the release of The Aave Protocol on the Kovan testnet.
The Aave Team hosted the Nordic Blockchain & DeFi event and took part in many events like ETHDenver, EthCCParis, Consensus, Berlin Dappcon, ETHIndia, Osaka Devcon, and many more.
What to expect in the future?
There is no official roadmap of the project but we surely can expect that the Aave’s Team will continue its path towards even more decentralization of the project.
Aave Technical Analysis
Source: Tradingview, Data was taken on 24 August 2020.
Aave Coin Price Prediction 2020
TradingBeasts LEND price prediction
In September 2020 Aave crypto may reach a maximum price of $0.8050045 (+36.17%), while its average price will be around $0.6406573 per coin (+8.37%). According to TradingBeasts forecasts, the Aave’s price will increase in the future and by the end of 2020 may reach its maximum price of $0.8197651 (+38.67%). The average LEND price will be around $0.6558121 by the end of December 2020 (+10.94%).
Wallet investor LEND coin price prediction
Wallet investor.com thinks that Aave is a great long-term investment option. Based on Wallet investor’s forecasts the LEND price can reach $5.504 per coin during 2025 (+831.04%). By the end of December 2020, the average LEND coin price will be approximately $0.892 per coin (+50.89%).
Crypto-Rating LEND price prediction
Crypto-Rating thinks that the Aave coin price will have a correction and most likely to stay at the level of $0.2 (-66.17%).
DigitalCoinPrice LEND coin price prediction
DigitalCoinPrice thinks that Aave token is a profitable investment and its price may reach $1.14 per coin by the end of December 2020 (+92.84%).
Buy Aave at StealthEX
Aave LEND is available for exchange on StealthEX with a low fee. Follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example, BTC to LEND.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
August 24, 2020