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Aurora Price Prediction 2024: What is AURORA?

Last Updated December 5, 2023 10:19 AM
Peter Henn
Last Updated December 5, 2023 10:19 AM

Key Takeaways

  • AURORA rose more than 200% in two days.
  • The platform recent launched its own cloud console.
  • What’s next for Aurora?
  • Aurora price predictions suggest the token can reach $1.72 in two years time. 

The Aurora token has shot up recently, trebling in the space of 48 hours. The platform, which aims to link two blockchains, recently launched its Aurora Cloud Console. This program is designed to allow people to monitor their blockchain’s infrastructure in real time and promises not to charge gas fees. 

Aurora did not immediately respond to a request for comment.

On December 5, 2023, AURORA was worth about $0.46.

But what is Aurora (AURORA)? How does Aurora work? Let’s see what we can find out, and also take a look at some of the Aurora Price Predictions that were being made as of December 5 2023.

Aurora Coin Price Prediction

Let’s examine some of the Aurora price predictions being made on December 5 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $1.17 $1.71 $5
Prediction #2 $1.22 $1.71 $4.14
Prediction #3 $0.5234 $1.72 $12.23

First, CoinCodex  had an Aurora price prediction that saw the token trade at $0.5876 on December 10 before reaching $0.7812 on January 4. The site’s technical analysis was highly bullish, with 24 indicators sending positive signals and just four making bearish ones. 

Aurora Price Prediction for 2024

DigitalCoinPrice  said that Aurora could reach $1.17 next year, while Bitnation  thought it could trade at $1.22. CoinCodex said it would be worth anything between $0.5234 and $2.12.  

Aurora Price Prediction for 2025

Moving on, DigitalCoinPrice and Bitnation both claimed AURORA would be worth $1.71 in two years. CoinCodex said it would trade anywhere between $1.72 and $8.32.  

Aurora Price Prediction for 2030

Looking at a more long-term Aurora price prediction, DigitalCoinPrice said it would reach $5 by the start of the next decade. Bitnation’s Aurora price forecast said it would get to $4.14 then. CoinCodex suggested it would trade at anywhere between $9.66 and $12.23 at the start of the next decade. 

Google BardAI Price Prediction for Aurora (as of December 5)

Google’s BardAI platform gave the following price prediction for Aurora on December 5. Please remember that price predictions are very often wrong, and that artificial intelligence should not be trusted. For instance, it says the price of Aurora is currently $0.14, when that is not the case. 

Short-term (next 3 months)

  • Prediction: $0.15 – $0.20
  • Reasons:
    • The current price of AURORA is $0.14, and it has been trading in a range of $0.10 to $0.20 for the past few months.
    • There is no significant news or developments that are likely to cause a major change in the price of AURORA in the short term.
    • The overall cryptocurrency market is currently bearish, which could put downward pressure on the price of AURORA.

Medium-term (next 12 months)

  • Prediction: $0.20 – $0.50
  • Reasons:
    • Aurora is a promising project with a strong team and a well-defined roadmap.
    • The Aurora ecosystem is growing, with new projects and partnerships being announced regularly.
    • The cryptocurrency market could recover in the next 12 months, which would lift the price of AURORA.

Long-term (next 5 years)

  • Prediction: $1.00 – $5.00
  • Reasons:
    • Aurora has the potential to become a major player in the blockchain industry.
    • The adoption of blockchain technology is growing rapidly, which could create a large demand for AURORA tokens.
    • The overall cryptocurrency market could reach a trillion-dollar valuation in the next 5 years, which would significantly increase the price of AURORA.

It adds: “Please note that these are just predictions, and the actual price of AURORA could be higher or lower. It is important to do your own research before making any investment decisions.”

AURORA Price History

Now, let’s examine some of the highlights and lowlights of the Aurora price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Aurora price prediction.

When Aurora came onto the open market in late November 2021, it was worth about $13.65. The token then went up, closing the year at $22.17.

2022 started well for Aurora. On January 16, it reached an all-time high of $35.43. However, things fell apart. A series of market crashes devastated both crypto as a whole and AURORA in particular. The token closed the year at $0.1605, representing an annual loss of more than 99%.

Aurora in 2023

Aurora price history
Aurora has spiked recently | Credit: CoinMarketCap

So far, 2023 has, until recently, been a pretty poor year for AURORA. The token started reasonably well, breaking past $0.30 in February, but then went on a decline which culminated in an all-time low of $0.04756 on October 19. 

After that, Aurora shot up to break $0.10 by the end of the month. By the end of December 3, it was worth $0.1516. The following day, it shot up to a high of $0.3886. On December 5 2023, AURORA was worth about $0.46.

At that time, there were 387.9 million AURORA in circulation out of a total supply of one billion. This gave the token a market cap of around $180 million, making it the 181st-largest crypto by that metric. 

Aurora Price Analysis

Over the last few days, Aurora has been on a serious upswing. It has climbed more than 200% in two days and nearly 20% in 24 hours or so. It is, perhaps more encouragingly, up more than 850% from its October low and more than 180% since the start of the year. 

Is Aurora a Good Investment?

It is hard to say. AURORA has shot up over the last few days, seemingly without reason. It is as likely that this recent performance is just a flash in the pan as it is a new normal for the token. 

That said, the system does allow for cross-chain activity between Ethereum and Near Protocol, which makes it useful, albeit in a somewhat niche manner. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in AURORA.

Will Aurora go up or down?

No one can really tell right now. While the Aurora crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Aurora?

Before you decide whether or not to invest in Aurora, you will have to do your own research, not only on AURORA, but on other coins and tokens such as Moonbeam (GLMR). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Aurora (AURORA) Explained

The Aurora  platform allows people to connect projects on the Ethereum (ETH) blockchain with the Near Protocol (NEAR) blockchain. 

It was launched in 2021 and is powered by the AURORA crypto token. 

How Aurora Works

Aurora is, in effect, a smart contract. This means that it is a computer program that automatically executes once certain conditions are met. As the whitepaper says: “We are here to help scale Ethereum ecosystem for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform, with low transaction costs for their users.”

Aurora acts as a kind of bridge between Ethereum and the Near Protocol. 

People who hold AURORA can vote on changes to the network. AURORA can also be bought, sold, and traded on exchanges. 

Because Aurora is based on NEAR, it is a token, not a coin. You might see references to such things as an Aurora coin price prediction, but these are wrong. 

FAQs 

How many Aurora are there?

On December 5 2023, there were 387.9 million AURORA in circulation out of a total supply of one billion.

Will Aurora reach $10?

It might do, but not for some time. CoinCodex said it was possible that AURORA could break through the $10 barrier in 2029.

Keep in mind that Aurora has not been worth $10 since April 2022.

What is Aurora used for?

AURORA token holders can vote on changes to the Aurora network. People can also buy, sell, and trade it on exchanges.

Further reading

Pyth Network Price Prediction 2024: What is PYTH?

Bitcoin Price Prediction 2024: What is BTC?

Theta Network Price Prediction 2024: What is THETA?

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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