BuyUcoin Talks
Published in

BuyUcoin Talks

Why 2021 is the best time to invest in AAVE?

Is AAVE a good investment?

Cryptocurrency is considered as a currency of the future and it seems pretty evident with the rapid growth of digital modes of payments, transactions, etc. So, it would be a smart decision to expand your investment portfolio and include cryptocurrency as a form of investment.

If you are wondering which token would provide great returns on investment, please stay through the passage to know today’s cryptocurrency in focus that is Aave. We will explain the definition, origin, advantages, recent updates, and more in the article below.

Best Time to invest in AAVE
Best Time to invest in AAVE

What is Aave? Brief Summary

Aave is one of the leading cryptocurrencies in the decentralized finance (DeFi) industry and is placed comfortably with over four billion dollars worth of market capitalization. Cryptocurrency traders and enthusiasts consider Aave as the world’s bank for cryptocurrency.

Aave program is built on Ethereum using security and decentralization of Ethereum blockchain. Recently with the launch of Aave pro, the network has expanded rapidly. Aave pro has been focused on institutionalized investors or organized investors.

How does Aave works?

AAVE works without a middleman in the system. The network is a decentralized lending platform where investors and participants can lend, borrow, and earn interest on crypto assets. Aave is the leading DeFi cryptocurrency with great prospects for growth in the coming years.

Aave is the network of smart contracts where a distributed network of computers manage digital assets and currencies through the software. Aave facilitates the formation of lending pools that users can use for borrowing and lending seventeen different cryptocurrencies including BAT -INR, MANA-INR and ETH-INR.

In the system, borrowers need to provide collaterals for the cryptocurrencies and will get an amount equal to the collateral. Aave issues funds to borrowers as a Token, the system encodes the token so that lenders get interested in deposits. Users on Aave can get other services such as instant loans, other types of credit, and debit that take benefit of the unique design properties of blockchains.

Stani Kulechov started the Aave network in 2017. Services at the time of launch were a desk for managing large trades, a payment handling system, and a studio for blockchain-based games.

Best time to invest in Aave?

In The Defi industry, AAVE is the most popular one competing with Compound, but both are distinct in their ways. AAVE is giving lucrative benefits for first-timers with an attractive interest rate which makes them quite beneficial.

Aave became the first platform to lend as the Defi protocol. Aave got listed on the crypto exchange in 2017 and, to date, has secured about 16 million dollars. Aave has come up with new features in the market, and its P2P lending framework is based on the Ethereum Blockchain. The Aave creators have come up with quality strategies that will provide people with good experience depending on the lending pools and secured loans to carry out this task. AAVE Token is also recognized as the utility token of the Defi network. The ERC-20 token in the year 2017 was known by a different name in the market. After that, the ETHLand was renamed Aave. Aave was the most popular coin listed in the exchanges.

As the Ethereum community expands and scales into a multichain future, new tools will facilitate continued community governance and the growth of community-led ecosystems. Introducing Governance cross-chain bridges — @AaveAave

Many crypto researchers and professionals say that AAVE is a good investment when compared to other decentralised finance coins and mainstream cryptocurrencies. Despite all of Aave’s ups and downs, analysts believe the price of AAVE will rise more in the long run.

Ripple Coin News believes AAVE is a good long-term investment. Rayne Harris, an analyst, believes

“Nobody can forecast completely the precise AAVE price. AAVE might hit the top high of $1,000 by the end of 2025.”

Start Investing in AAVE

Given its unique and innovative features, Aave is progressing with great prospects. Fundamental and technical aspects are strong with the safest network and great returns on investment, Aave is a great investment opportunity.

BuyUcoin is the leading exchange offering buy, sell, and trade options for AAVE holders and traders through a multi-exchange platform. Invest in Aave through BuyUcoin for the safest and hassle-free experience with great returns on the investment.

AAVE is generally regarded as safe. AAVE is built on the Ethereum blockchain. Ethereum elected to use the long-standing SHA-256 proof-of-work (POW) algorithm used by Bitcoin to defend its network and ERC20 tokens. Hackers will need to gain more than half of the processing power before they can take control of the network. Aside from that, Aave is a non-custodial parent. The Protocol belongs to the project’s developers, but ownership is in the hands of the users. Users have access to their wallets and private keys through their accounts. It is not impossible, but no hacker has yet been able to steal a significant quantity of money by breaking into a blockchain system.

Is AAVE a good investment in 2021?

AAVE raised $16.2 million in ICOs (Initial Coin Offering) and then went to a decentralized network with peer-to-peer lending and then switched to a liquidity pool platform. By 2020, AAVE protocol was started for buying and borrowing money. The token entered the Top 100 cryptocurrencies by 2020 at its best price with a market capitalization of $3.5 million. The future predictions have a very optimistic outlook.

Aave is a legitimate protocol, and its cryptocurrency is also legitimate. Three Arrows Capital, DTC Capital, Framework, Blockchain Capital, DeFiance Capital, Standard Crypto, Blockchain.com, and Winklevoss Capital are all on board. These are prominent corporations that understand the project’s potential. This is the primary reason they have invested large quantities of money to support the initiative. AAVE is a cryptocurrency that is available on all of the major exchanges. AAVE would not have been listed if it did not have market potential or trading volume. AAVE is legitimate, and you should have no qualms about putting your money in the protocol or its innovative token.

In The Defi industry, AAVE is the most popular one competing with Compound, but both are distinct in their ways. AAVE is giving lucrative benefits for first-timers with an attractive interest rate which makes them quite beneficial.

Aave became the first platform to lend as the Defi protocol. Aave got listed on the crypto exchange in 2017 and, to date, has secured about 16 million dollars. Aave has come up with new features in the market, and its P2P lending framework is based on the Ethereum Blockchain. The Aave creators have come up with quality strategies that will provide people with good experience depending on the lending pools and secured loans to carry out this task. AAVE Token is also recognized as the utility token of the Defi network. The ERC-20 token in the year 2017 was known by a different name in the market. After that, the ETHLand was renamed Aave. Aave was the most popular coin listed in the exchanges.

Why invest in AAVE?

There are multiple advantages and unique features that make Aave a lucrative investment option in 2021. From beginners to seasoned investors everybody can participate in the network. Let’s go through the core features and benefits in the following paragraphs.

  • Ethereum based cryptocurrency, Aave works on a decentralized network as a non-custodial digital currency market mechanism. Participants can deposit and borrow funds for interest. Participants earn interest on their investment and borrowers pay interest in the digital currency according to the borrowing amount.
  • A unique crypto lending system that focused upon rectifying the ailing lending mechanism of borrowers and lenders.
  • With the use of Ethereum blockchain and smart contracts, Aave is eliminating middlemen such as banks and financial institutions.
  • Aave provides universal access for users. Participants can connect from anywhere either as a borrower or lender. Retail and institutional investors both can access the network.
  • Aave network provides a non-custodial protocol, which means you control your assets and can transact as you like.
  • The founders have made the system easy to use. The network gives protection against the volatile behavior of different cryptocurrencies.
  • Aave uses a decentralized network of off-chain sensors or oracles. Users can get flash loans and repay before the next Ethereum block is mined.

Other important features and advantages are high liquidity ratio, limited supply, huge market capitalization, affordable price for the beginners, listed on leading exchanges including BuyUcoin, compatible with hardware wallets, dedicated developers, etc.

Worth buying AAVE in India?

Aave is selling at a fraction of the price of popular cryptocurrencies like Bitcoin and Ethereum. It is selling at less than ten times the price of Maker as a Defi currency (MKR). As a less-experienced trader or investor, you may ignore the hidden chances presented by a negative market.

At the moment, AAVE is growing to become one of the world’s largest cryptocurrencies. This is owing to Aave’s ties with some significant corporations, as well as his social acceptance. Because more people are investing in cryptocurrencies, the price will continue to grow. The project is supported by a solid crew. Cryptocurrency success is mainly reliant on the people behind the project’s roadmap. Aave is profiting from the continuing growth of the protocol and its innovative token, with 10,381 cryptos running on 381 exchanges.

Aave has seen exponential growth in the last couple of days with traders assesses its involvement in Bitwise investment’s forthcoming institutionally focused investment mechanism.

On 5th August’2021, the San Francisco-based asset management firm announced their direct investment in Aave to support their “Bitwise Aave Fund.”

AAVE Price Predictions: Market Sentiment

According to Wallet investor.com, AAVE is perfect for the long term. It will trade at around $1327.240 per coin (+158 percent) by 2021 end, $2371.730 (+250 percent) by 2022 end, $3410.670 (+560 percent) by 2023 end and $4448.460 (+880 percent) by 2025 end. Based on the past trend, this seems like a very encouraging trend.

TradingBeasts is quite reliable and authentic in terms of AAVE price prediction. They use regression and linear analysis, which makes them reliable. According to TradingBeasts,

AAVE would be trading for $477.731 by the end of Dec 2021. For 2022–2024, it would be trading at $800 to $1190.212.

It is tough to predict the price of AAVE after some time exactly. But that’s the case with any other commodity like gold, oil, or even Bitcoin. According to analyzers, a specific prediction can be made, which will touch $1000 by 2025 end.

Conclusion

YES! Aave, as a technology, and its coin AAVE, both have a promising future. It should be given time and space to flourish in order to compete effectively for clients with centralised finance institutions, particularly commercial banks. Unfortunately, online articles do not cover Aave in its totality. Typically, the information focuses on Aave, the decentralised lending network.

AAVE is the world’s 28th largest digital asset, and there are various reasons to invest in AAVE rather than Bitcoin. On the downside, AAVE is backed by a protocol with a high liquidity ratio, employs oracles to offer real-time data, has a variety of assets to pick from, is compatible with numerous hardware wallets, and is supported by a committed development team. Aside from that, the protocol has the largest total value locked, has delivered massive returns to investors in 2021, continues to build successful alliances, and has integrated layer 2-scaling technology with Polygon, which allows it to scale considerably faster than other DAPPs on Ethereum.

*This article is for knowledge purposes; we advise you to ask your financial experts before taking any investment decisions.*

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Devendra Singh Khati

Devendra Singh Khati

Crypto Evangelist with Computing and Finance background.