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Aerodrome Finance Price Prediction 2024: AERO Accounts for High Percentage of Base TVL, Can it Reflect That in Price?

Last Updated May 2, 2024 8:05 AM
Giuseppe Ciccomascolo
Last Updated May 2, 2024 8:05 AM

Key Takeaways

  • Aerodrome Finance’s AERO token debuted on the market in February 2024.
  • A March spike reflected a TVL surge.
  • One price prediction expects it to reach $7.37 in 2025.

Aerodrome Finance stands at the forefront of automated market makers (AMMs), fueling liquidity for Base, the Layer-2 solution by Coinbase. In the dynamic market landscape of 2024, its Total Value Locked (TVL) has surged, nearing $800 million.

The recent surge in Base’s activity is remarkable, coinciding with Ethereum’s Dencun upgrade, which significantly slashed transaction fees on Layer-2 solutions. This catalyzed a substantial influx of users and transactions within Base over the past three weeks.

As of last week, Base boasts a staggering user base of over 600,000, more than double that of its closest competitor, Arbitrum, which tallies 255,000 users. Notably, Base has been widening this lead since it ascended to the top spot during the week of March 18-25.

The TVL for Base has skyrocketed to an all-time high of $1.64 billion, with nearly half of this sum attributed to Aerodrome, boasting a TVL of $790 million. While Base’s TVL still trails behind Arbitrum’s $2.76 billion, it has surpassed the approximately $1 billion on Polygon and Optimism. It’s worth noting that neither Arbitrum’s, Optimism’s, nor Polygon’s TVLs have reached all-time highs.

Moreover, Base has already turned a profit in the first quarter of 2024, underlining the growing interest and confidence in the platform. With its momentum, it’s poised to potentially surpass other Ethereum Layer-2 solutions in terms of TVL in the near future.

Aerodrom Finance did not respond to a request for comment.

But what is Aerodrome Finance (AERO)? How does it work? Let’s find out, and we can also look at some of the Aerodrome Finance Price Predictions that were being made as of May 2, 2024.

Aerodrome FinanceCoin Price Prediction

Let’s examine some of the Aerodrome Finance price predictions made on May 2, 2024. It is crucial to remember 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 $2.28 $2.61 $7.78
Prediction #2 $1.94 $7.37 $6.26
Prediction #3 $1.84 $2.77 $16.29

First, CoinCodex  had a short-term Aerodrome Finance price prediction that saw the coin go to $1.34 by May 7 before jumping to $3.33 by June 1. The site’s technical analysis was bearish, with nine indicators sending bullish signals and 18 making a discouraging one.

Aerodrome Finance Price Prediction for 2024

DigitalCoinPrice  said Aerodrome Finance would reach $2.28 this year, while CoinDataFlow  expects it to be at $1.94, and PricePrediction.net  said AERO would close the year at $1.84. 

Aerodrome Finance Price Prediction for 2025

PricePrediction.net said Aerodrome Finance would reach $2.77 and CoinDataFlow sees it at $7.37. DigitalCoinPrice said AERO would trade at $2.61.

Aerodrome Finance Price Prediction for 2030

Moving on to a more long-term Aerodrome Finance price prediction, CoinDataFlow said the coin would be worth $6.26in 2030 and PricePrediction.net expects it to be $16.29. DigitalCoinPrice made a AERO price prediction of $7.78 at the start of the next decade.

Google Gemini AI Price Prediction for Aerodrome Finance (as of May 2)

Google’s Gemini AI platform gave the following price prediction for Aerodrome Finance on May 2. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are not entirely accurate.

Short Term (Next three months)

  • Expected price: $2.84
  • Factors to Consider:
    • Market Volatility: The cryptocurrency market is highly volatile, and prices can fluctuate significantly even within short timeframes.
    • Underlying Trends: The price of AERO could be affected by broader market trends in the cryptocurrency space, as well as by specific news or developments related to Aerodrome Finance itself.
    • Limited Information: Price predictions are often based on algorithms and historical data, which may not always take into account unforeseen events.

Medium Term (Next six months)

  • Expected price: $2.43
  • Factors to Consider:
    • Overall crypto market trends: The health of the broader cryptocurrency market significantly impacts individual coins like Aerodrome.
    • Project development and adoption: Continued development of the Aerodrome platform and its wider adoption will influence its price.
    • Regulatory landscape: Regulatory changes in the cryptocurrency space could potentially impact Aerodrome.

Long Term (Next five years)

  • Expected price: $15
  • Factors to Consider:
    • The cryptocurrency market is highly volatile: Significant price swings are common, and predictions can be inaccurate.
    • Aerodrome Finance is a relatively new project: Its long-term success depends on various factors like team performance, adoption rate, and overall market conditions.
    • External events: Unforeseen events like regulation changes or economic crises can significantly impact the price of AERO.

Aerodrome Finance Price History

Let’s now look at some of the highlights and lowlights of the Aerodrome Finance price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an Aerodrome Finance price prediction.

Aerodrome Finance price history
Aerodrome Finance price in 2024. | Credit: CoinMarketCap

When Aerodrome Finance first came onto the open market on February 2, 2024, it was worth $0.09207. It then jumped in March, reaching $1.9787, and retraced a bit at the beginning of April. But later that month, AERO hit its all-time high of $2.2175, before decreasing to $1.03 on May 2, 2024.

At that time, there were 436.1 million AERO, out of a total supply of 1.02 billion. This gave Aerodrome Finance a market cap of about $450.5 million, making it the 219th largest crypto by that measurement.

Is Aerodrome Finance a Good Investment?

It is hard to say. The coin has been around for about two 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 (AERO) Explained

Aerodrome Finance  is a next-generation AMM designed to serve as Base’s central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and fees generated by the protocol.

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.

Aerodrome Finance Attention Tracker

Aerodrome Finance Google search volume
Aerodrome Finance Google search volume for the last 90 days. Credit | Google
Here is a chart for Aerodrome Finance’s Google search volume for the past 90 days. This represents how many times the terms “Aerodrome Finance AERO” has been Googled over the previous 90 days.

FAQs

How many Aerodrome Finance are there?

As of May 2, 2024, there were 436.1 million AERO, out of a total supply of 1.02 billion.

Will AERO reach $10?

It might, but not soon. PricePrediction.net expects it to reach a double-figure value in 2028.

What is Aerodrome Finance?

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.

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