AAVE is a cryptocurrency with a current price of $92. It has a market capitalization of $1.2 billion and a 24-hour trading volume of $229 million. AAVE ranks 42nd on CoinMarketCap. As the world of cryptocurrency becomes more popular, it is the project that is gaining a lot of attention.
The coin was founded in 2017. The project’s headquarter is based in Finland. The AAVE team consists of eight people, including Stani Kulechov, the CEO, and Tremo Norkett, the COO.
AAVE is an ERC-20 token on the Ethereum blockchain with a total supply of 16 million coins. It has a circulating supply of 14 million AAVE. The token is used as collateral by users who borrow from the AAVE protocol.
This allows users to earn interest on their deposited cryptocurrencies by lending them out to borrowers through AAVE’s flash loans feature. AAVE also allows users to trade cryptocurrencies on margin with up to 5x leverage through the native perpetual swap feature.
What’s on the AAVE live price chart
AAVE has seen steady growth since its launch in 2017, and its price has once reached $660. The project has seen significant growth in 2020 as the DeFi space has exploded in popularity. It is a widely used cryptocurrency, and its popularity is likely to continue to grow in the future.
AAVE price prediction: will it hit $1000?
In 2020 AAVE’s price surged from around $30 in January to over $400 in December, an increase of over 1300%. Many believe that AAVE still has a lot of upside potential, and some analysts are predicting that AAVE could reach $1000 by the end of 2022. With the continued growth of the DeFi space, it is certainly possible that AAVE will continue to increase in value at an astonishing rate.
Reasons to invest in AAVE
- AAVE is a protocol that allows users to deposit and borrow crypto assets in a decentralized manner.
- It offers staking and flash loans.
- Because AAVE is built on Ethereum, it benefits from Ethereum’s price rises.
- AAVE has partnerships with some of the biggest names in the crypto space, such as Coinbase and Binance.
AAVE has huge potential. And many experts believe that it will continue to rise in price in the coming months.
What about Klaytn?
Klaytn is a South Korean public blockchain platform developed by Ground X, the blockchain development arm of the mobile giant Kakao. Klaytn aims to bring the benefits of blockchain technology to mass users in a simple and user-friendly way.
It offers a fresh approach to decentralized application development that is both user-centric and developer-friendly.
The Klaytn mainnet was launched on June 27, 2019, with 12 partner companies, including:
- LG Electronics,
- UnionBank of the Philippines,
Klaytn is built on a hybrid consensus model that combines Proof of Work (PoW) and Practical Byzantine Fault Tolerance (PBFT). The technology is designed to be scalable and able to handle large-scale transactions.
The Klaytn team has plans to launch numerous scalability solutions in the future. It also has an incentive system that encourages users to participate in the network.
Klaytn’s native token is called KLAY. KLAY can be used for transaction fees, governance, and staking. Klaytn has a total supply of 10 billion tokens.
Klaytn price prediction
Klaytn price prediction is a hot topic these days. This cryptocurrency is seen as a competitor to Ethereum, and its price has been rising steadily since it launched in June 2019. Some analysts believe that Klaytn could reach $5 by the end of 2022, while others believe that it will continue to rise to $10 by the end of 2023.
Klaytn live price chart has great potential, and its value is likely to continue to rise in the future.