Aave token is showing some remarkable growth right from the start of 2020, this crypto has impressed everyone with their performance in the recent time. At the start of 2020, the price of this digital asset was recorded as $0.015708 USD and at the time of writing (20th July), its price went to $0.347194 USD.
During these seven months, Aave has got rapid gains and this token has surged by almost 1770% and recorded its highest price in the last two years. Also, its trading volume has increased by a very large margin from the last few weeks. Right now this token is at 30th position in the coin market cap listing with the market cap of $451,351,759 USD, also it showing an unbelievable ROI of 2,182.10%.
What is Aave (LEND)?
Aave is an open-source and non-custodial platform where its users can earn interest on depositing their cryptos and also they can borrow assets with stable or variable interest rates. The main purpose of this platform is to create an open and transparent ecosystem so that people will start enjoying the benefits of decentralized finance. At the start of 2020 during its mainnet event, Aave has launched its new protocol and also added many innovations on the Decentralized finance space.
Till now Aave was working on the decentralized P2P lending strategy but recently they have changed it to pool-based strategy. This change has made earning interest on deposit and borrowing assets much easier and quicker. Also, users can deposit their cryptos on this platform and borrow funds but they have to maintain the collateral ratio.
There are two types of interest rates are available one is variable and another is stable interest so the user has options to pick from. The best part of this platform is that the user gets an interest in real-time. When a user deposits any cryptocurrency they will get an equal amount of aTokens and the interest is also given in the form of aTokens. And when users want to withdraw their asset it will be converted back to the asset.
|Market Cap||$451,351,759 USD|
|Total Supply||1,299,999,942 LEND|
|Highest Market Price||$0.442615 USD|
|Lowest Market Price||$0.003353 USD|
|Launch Date||December 2017|
Aave (LEND) Price Prediction 2020
Now before predicting the future price of this token let’s discuss more about its performance in the year 2020. In the first quarter of 2020, the Aave’s performance was average but the best part was that when another crypto was struggling Aave maintain their price. Even though we haven’t seen any big surge in the first quarter but this token doesn’t disappoint its investors. It’s true that LEND has fallen on a few occasions but they have made a strong comeback. At the end of the first quarter, the price of Aave was at $0.019824 USD.
But if we look at the second and the start of the third quarter’s performance of LEND we will see a few big spikes. At the start of the second-quarter Aave token price was $0.026429 USD and till the end of the second quarter, its price has reached to $0.127725 USD with a hike of 540%. And this hike was also seen even bigger at the start of the third quarter. At the time of writing the price of LEND is at $0.345581 USD and it seems that very soon this token is going to break its all-time high value.
Overall the best part of this token is this is more stable and has shown very few fluctuations compared to other cryptocurrencies. So there will be lots of expectations from this token in the upcoming years. Looking at the current performance Aave Price Prediction may reach near about $0.6 to $0.7 till the end of this year 2020.
|Month & Year||LEND Price Prediction|
|July 2020||$0.4071 USD|
|August 2020||$0.5304 USD|
|September 2020||$0.5829 USD|
|October 2020||$0.6273 USD|
|November 2020||$0.6694 USD|
|December 2020||$0.7024 USD|
Aave (LEND) Price Prediction 2021
The Aave token was launched at the end of 2017 and just within a month, this token registered its all-time high value of $0.442615 USD. But suddenly its prices crashed down and for almost one and a half years we haven’t seen any spike it was showing just a flat line. But from the start of 2020, this platform has got good momentum and performed exceptionally well in the middle of 2020. Looking at the whitepaper of this project they are planning to introduce lots of new things in the field of Decentralized finance. And if it happens this project will become of the most successful cryptocurrency. As per the industry expert’s Aave price Prediction, this token will cross the mark of $1 till the end of 2021.
|Month & Year||LEND Price Prediction|
|January 2021||$0.6492 USD|
|February 2021||$0.6014 USD|
|March 2021||$0.5581 USD|
|April 2021||$0.4912 USD|
|May 2021||$0.5702 USD|
|June 2021||$0.6918 USD|
|July 2021||$0.7424 USD|
|August 2021||$0.7947 USD|
|September 2021||$0.8492 USD|
|October 2021||$0.8829 USD|
|November 2021||$0.9492 USD|
|December 2021||$0.9824 USD|
Aave (LEND) Price Prediction 2025
If you follow the Defi pulse ranking then there is good news for the Aave token holders as this token is at 4th position. At the time of writing USD 397.5M has been locked on this platform and very soon they will beat Synthetix token which is only $26M ahead of them. As nowadays investors are more interested in the stable coins Aave token will be a good option for them. Our experts have gone through the various case studies and roadmap of this token and now as per their Aave Price Prediction, this token will cross $2.5 mark till the end of 2025. So if you are looking for a long term investment option then LEND is the best option also it provides many more benefits.
Is Aave (LEND) a Good Investment Option?
Now as we have gone through the basic details and recent market scenario of Aave Price Prediction you may have got a better understanding of this token. Also if now you are willing to invest in this project you will need to know the advantages and disadvantages of this platform so that decision making will get much easier for you.
Pros of Aave (LEND)
- The best part of this platform is that they offer the best cryptocurrencies to lend and borrow
- This project always gives the interest rate to its users.
- Aave is one of the top DeFi platforms and it has given the right direction and new things to Decentralized finance.
Cons of Aave (LEND)
- This platform is not that much user friendly compared to some of the other cryptocurrencies.
- To take benefit of some of the best features of this platform you need to have the native token. This is also a big limitation of this project.
Aave (LEND) Price Future Forecast
Aave is also providing the Flash loan feature where its user will get instant load without any technical knowledge. With the help of the Chainlink Aave platform has launched Aave Oracle and also added 16+ cryptocurrencies price feed on their platform. So users can
Right from the launch of Aave their team is continuously working along with Enigma to solve their blockchain problems and to make it more saleable. The best part is Aave Price Prediction is already trading on the Binance platform which is considered as one of the best exchange platforms in the crypto market. So this listing will definitely help Aave project to grow further in the future.
Looking at the current market scenario this project is having huge potential to grow in upcoming years. Also recently LEND has also signed the partnership with Google cloud so this is a really impressive thing for the Aave project.
Where and How to Buy Aave (LEND)?
Nowadays buying crypto is quite a simple thing but if you are new to the crypto market and you don’t know how to buy Aave. Don’t worry just relax and follow the steps given below. In order to get any crypto, you need to have some major cryptocurrencies like BTC, ETH, or USDT. And then from the exchange platform, you can easily trade Aave token with BTC or ETH.
Step 1– Firstly you need to have Ethereum or Bitcoin with you and if you don’t have just go to coinbase, create an account and purchase some ETH or BTC coins. If you already have BTC or ETH you can skip this step and move to the next step.
Step 2- As now you have ETH or BTC coin with you now you are halfway to buy your Aave token. Here below we have given a list of exchange platforms from where you can choose any platform for exchange.
- Delta Exchange
Step 3- The last step is to exchange your BTC or ETH token with LEND token on these exchange platforms. And now after the completion of the transaction, you will have LEND token which you can store in your wallet.
Where to Store Aave (LEND)?
It is risky to store your token on the exchange platform so we will suggest you to store it in any hardware or software wallet. We have listed some of the most popular and secured wallet options you can choose anyone one of them as per your convenience.
- Ledger Nano S
- Ledger Blue