AAVE gained 11% in the last 24 hours: Best places to buy AAVE
There has been a notable spike in whale transactions in AAVE. An exciting Gotchi giveaway is ongoing. Perhaps most importantly, AAVE founder and CEO Stani Kulechov delivered an outstanding speech at the Avalanche Summit on March 24.
If you are attracted to unique features and want to learn how and where to buy AAVE, this guide is for you.
Top places to buy AAVE now
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What is AAVE?
Aave is a DeFi protocol allowing its users to lend and borrow crypto. Interest is earned by depositing digital assets into liquidity pools specially created for this purpose. Then, loan recipients can use their crypto as collateral and leverage this liquidity.
Aave offers access to loans in about 20 cryptocurrencies. Flash loans are one of the first products Aave brought to market. Some consider them the first uncollateralized loan option in DeFi. You must pay the loan back within the same transaction.
Borrowers can alternate between variable and fixed interest rates. If you believe the prices will fall in the foreseeable future, a variable rate is the better option. On the other hand, fixed rates can give much-needed peace of mind in volatile times.
Should I buy AAVE today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
AAVE price prediction
Wallet Investor is not optimistic about the price of Aave. The analyst finds it may drop from its current price of $173 (at the time of writing) to just $22, translating to losses of -87%.
CoinQuora makes a diametrically opposite prediction. They believe it will reach $436 by the end of this year. By July 2022, it will have gone up to $238. Growth will slow down thereafter but without major falls.
Investors in the token can expect many integrations and partnerships in two years. These could boost the price to as much as $950 in 2024.
AAVE on social media
#AAVE is about to break from the channel 📈 pic.twitter.com/U9tQMwGR3E
— Mr. Benjamin Anderson (@luckydayone_) March 25, 2022