Aerodrome Finance Price Prediction 2024: AERO Price Analysis
What's next for Aerodrome Finance?
Key Takeaways
- Aerodrome Finance’s AERO token debuted on the market in February 2024.
- After an initial notable surge, the price is now under $1.
- One price prediction expects it to reach $1.75 in 2025.
Aerodrome, the leading trading and liquidity marketplace on the Base blockchain, is experiencing substantial growth in trading volume, particularly within its Slipstream pools. The total trading volume of Slipstream has already captured 64% of the volume of comparable pools, surpassing prominent competitors like Uniswap V3.
However, despite this impressive growth, the price of Aerodrome Finance has significantly declined in recent weeks. It is currently trading below $1 with no immediate indication of recovering to previous levels.
On July 1, 2024, AERO was worth $0.6932.
Aerodrome Finance did not respond to a request for comment
Let’s take a look at our own Aerodrome Finance price predictions. We will also examine some of the Aerodrome Finance price history, and explain a little about what Aerodrome Finance is and what it does.
Aerodrome Finance Price Prediction
Let’s examine some of the Aerodrome Finance price predictions CCN made on July 1, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum AERO Price Prediction | Average AERO Price Prediction | Maximum AERO Price Prediction | |
|---|---|---|---|
| 2024 | $0.62 | $1.47 | $1.53 |
| 2025 | $1.49 | $1.64 | $1.75 |
| 2030 | $4.69 | $5.15 | $5.21 |
Aerodrome Finance Price Prediction for 2024
If the positive momentum continues and AERO breaks above its moving averages, it could reach targets between $0.62 and $1.53 by the end of 2024, with the average price set at $1.47.
Aerodrome Finance Price Prediction for 2025
Technical analysis suggests a potential increase for Aerodrome Finance in 2025. The minimum AERO price expected for 2025 is $1.49 while the maximum one is $1.75. In the middle, it may reach $1.64.
Aerodrome Finance Price Prediction for 2030
Based on technical analysis, the AERO token may reach a maximum level of $5.21 at the beginning of the next decade, while, in the worst scenario, it may go to $4.69. The average expected price is $5.15.
Aerodrome Finance Price Analysis
Aerodrome Finance reached its peak price of $2.30 on April 12, 2024, while its lowest price of $0.00002631 was recorded on October 18, 2023. Since its all-time high, the lowest price was $0.655947 (cycle low), and the highest price since this low was $0.788602 (cycle high).
According to technical analysis, the price of Aerodrome Finance is expected to rise by 227.32%, reaching $2.28 by July 30, 2024. Our technical indicators suggest a Bearish sentiment, with the Fear & Greed Index at 47 (Neutral).
Over the past 30 days, Aerodrome Finance had 8 out of 30 (27%) green days with a price volatility of 17.32%. Based on this forecast, it is currently a bad time to buy Aerodrome Finance.
Short Term Aerodrome Finance Price Prediction
Based on our analysis, Aerodrome Finance (AERO) is currently experiencing a bearish trend. The Aerodrome Finance price prediction for the next 24 hours suggests that the price might continue to face downward pressure.
Given the recent price volatility of 17% and the fact that only 27% of the days in the past month were green, it is anticipated that the price of AERO may fluctuate but remain under pressure in the immediate term.
Therefore, for the very short term, the price of Aerodrome AERO is likely to remain subdued, potentially testing lower support levels before any significant recovery occurs. Caution is necessary for short-term investors, as the current market conditions suggest a less favorable environment for a price increase.
Aerodrome Finance Price Performance Comparisons
Aerodrome Finance Price History
| Time period | Aerodrome Finance price |
|---|---|
| Last week (June 24, 2024) | $0.7259 |
| Last month (June 1, 2024) | $1.1711 |
| Three months ago (April 1, 2024) | $1.3945 |
| Launch price (February 2, 2024) | $0.09207 |
| All-time high (April 12, 2024) | $2.2813 |
| All-time low (February 2, 2024) | $0.09207 |
Aerodrome Finance Supply and Distribution Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 1,127,127,307 |
| Circulating supply (as of June 28, 2024) | 517,159,845 (50% of total supply) |
From the Whitepaper
In its technical documentation, or whitepaper , Aerodrome Finance says that it is “a next-generation AMM aiming to serve as Base’s central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. It inherits the latest features from Velodrome V2.”
The protocol aims to enable token swaps and generate fees (from traders) by attracting liquidity.
Every epoch liquidity providers (LPs) receive $AERO token emissions proportionally to the votes the pools accumulate. Only staked (in the protocol gauges) liquidity receive emissions.
What Is Aerodrome Finance?
How AERO Works
Aerodrome Finance uses two tokens for its governance and utility management – AERO and veAERO. AERO is the native ERC-20 token of the platform that is responsible for utility. AERO is used for rewarding liquidity providers through emissions. veAERO is used for governance. Any AERO holder can vote-escrow their tokens for up to four years and receive a veAERO NFT in exchange.
Is Aerodrome Finance a Good Investment?
It is hard to say. The coin has been around for about five months now, and despite rapid growth after its launch, its price has decreased over recent weeks.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Aerodrome Finance.
Will Aerodrome Finance go up or down?
No one can really tell right now. While the Aerodrome Finance 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 Aerodrome Finance?
Before you decide whether or not to invest in Aerodrome Finance, you will have to do your own research, not only on AERO, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Aerodrome Finance Attention Tracker
FAQs
Will AERO reach $10?
It might, but not soon. Price predictions based on technical analysis expect it to reach a double-figure value in the next decade.
What is Aerodrome Finance used for?
Aerodrome Finance is a next-generation AMM designed to serve as Base’s central liquidity hub. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and fees generated by the protocol.
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.
