Aevo Price Prediction 2024: AEVO Price Analysis

Key Takeaways

• Aevo launched its new AEVO token on the market in mid-March.
• The price has decreased since reaching an all-time high in April.
• Our price predictions suggest that an upward movement can happen soon.

The decentralized derivatives platform Aevo has introduced  its own AEVO token and conducted an airdrop for its early adopters.

To qualify for the airdrop, users had to meet five specific criteria, which included engaging in volume trading during the “farm boost” phase, achieving boosted trading volumes, maintaining a balance of aeUSD, and demonstrating continued usage of Aevo.

The team aimed to fairly reward original users, experimental participants in collateral, and those engaged in genuine trading activity. Additionally, non-Aevo derivative traders received “farm boosts,” allowing them to earn future AEVO rewards at an accelerated pace when trading on the platform.

Over the last few days, a total of 30 million $AEVO tokens were distributed, constituting 3% of the total token supply. With each token valued at $3.22 as of July 9 2024, the airdrop amounted to $95 million, leading to a fully diluted valuation of the project at $3.2 billion.

Aevo did not respond to a request for comment.

Now, let’s take a look at our own AEVO price prediction, made on July 9, 2024. We will also examine the AEVO price history and talk a little about what AEVO is and what it does.

Aevo Price Prediction

There are two methods used to create our price predictions. More specifically, they are created using fractals (mirroring movements and indicator readings) and the wave count.

However, since AEVO only has price history going back to March 2024, only the wave count method will be used. 20% will be added to the targets to end up with our maximum and minimum AEVO coin price predictions.

The most likely wave count suggests that AEVO started a five-wave downward movement in March. If the count is accurate, AEVO is currently in the fifth and final wave of this downward movement. There are three potential reasons that indicate the count is over.

The entire decline is contained inside a descending parallel, wave five had the same length as wave one and the daily MACD and RSI both generated significant bullish divergences. These are all signs pointing to a completed decline.

If this is the case, the AEVO price will begin an upward movement afterward. However, the data is insufficient to determine if the move will be a five-wave increase or an A-B-C corrective structure. In both cases, an increase toward at least the 0.618 Fibonacci retracement resistance level is likely. If the decline and upward movement have the same duration, the high will be reached in October.

Because there is insufficient data to make prediction for after this date, we will use the rate of decrease until then to make an AEVO crypto price prediction for the end of 2024, 2025 and 2030.

In the 210 days since its launch, AEVO Has fallen by 20%, for a rate of decrease of 0.1% per day. Projecting this decrease forward leads to AEVO price predictions of $2.16, $1.56 and $0.30, for the end of 2024, 2025 and 2030, respectively.

These targets are even more speculative since they depend on another prediction, making them derivative.

Aevo Price Prediction for 2024

Our wave count price prediction suggests the AEVO price will trade between $1.95 and $2.37 by the end of 2024.

Aevo Price Prediction for 2025

Our wave count price prediction suggests the AEVO price will trade between $1.26 and $1.86 by the end of 2025.

Aevo Price Prediction for 2030

Our wave count price prediction suggests the AEVO price will trade between $0.24 and $0.36 by the end of 2030.

AEVO Price Analysis

The daily time frame AEVO price chart suggests the price started a five-wave downward movement in March. The decline likely ended with the July 5 bounce and creation of a bullish engulfing candlestick the next day. The bullish divergences in the daily MACD and RSI also support this possibility.

If AEVO breaks out from the channel, it will confirm the correction is complete. Then, it could increase to the next closest resistance area at $0.77.

Short-term AEVO Price Prediction

The short-term AEVO price prediction is based on the assumption that the price has bottomed and began an upward movement toward the channel’s resistance trend line. If this is the case, in the next 24 hours, the AEVO price prediction gives a target close to today’s level at $0.44. Then, the price can increase toward the channel’s resistance trend line at $0.52 by the end of the week.

AEVO Average True Range: AEVO Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

AEVO’s daily ATR is at 0.06, implying low volatility. It has fallen since its all-time high of 0.6 in March. As a proportion of the $0.44 AEVO price, the ATR is 0.13.

AEVO Relative Strength Index (RSI): Is AEVO Oversold or Undersold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and 30 show overbought and oversold conditions, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

AEVO’s daily RSI is at 40, a sign of a bearish trend. However, it is worth mentioning that the indicator trends upward and recently moved outside of its oversold territory, both seen as signs of a bullish trend.

AEVO Market Cap to TVL Ratio

The Total Value Locked (TVL) to market cap ratio  measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to the value of locked assets.

A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets. On July 9 2024, the AEVO TVL ratio was 5.89, indicating significant overvaluation.

AEVO Price Performance Comparison

AEVO is a decentralized finance protocol, so let’s compare it with other similar projects.

Aevo Price History

Let’s now look at some of the highlights and lowlights of the Aevo 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 Aevo price prediction. 

When Aevo first came onto the open market on March 13, 2024, it was worth $2.95. It then decreased to $2.06 on March 20, before jumping again to its all-time high of $3.69 on March 28.

The price has fallen since, decreasing to a new all-time low of $0.33 on July 5.

Aevo Market Cap

The market capitalization, or market cap, is the sum of the total number of BTC in circulation multiplied by its price. On July 9, 2 2024, AEVO’s market cap was $162million, making it the #162nd largest crypto by that metric.

Best Days to Buy AEVO

We took a look at the AEVO price history and found the times when the price was at its lowest across certain days, indicating the best times to buy AEVO.

Who Owns the Most AEVO

As of July 9, 2024, the top five wallets with the most AEVO tokens  were:

• 0xdaeada3d210d2f45874724beea03c7d4bbd41674 – The wallet owns 277,193,590 tokens, or 28% of the total supply.
• 0x38913051e01d4f6910cb66bb9ac3cb77d746ad81 – The wallet owns 198,543,567 tokens, or 20% of the total supply.
• 0xf977814e90da44bfa03b6295a0616a897441acec – The wallet owns 160,404,458 tokens, or 16% of the total supply.
• 0xca84f16bf4272522257accb914a1b8efacddbb65 – The wallet owns 79,621,514 tokens, or 8% of the total supply
• 0xdf52d114c65fe4c0c671ae99cab63e09fad4680b – The wallet owns 47,116,308 tokens, or 5% of the total supply.

AEVO Supply and Distribution

Aevo (AEVO) Explained

How Aevo Works

Is Aevo a Good Investment?

It is hard to say. The coin has not been around for a very long time.

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

Will Aevo go up or down?

No one can really tell right now. While the Aevo 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 Aevo?

Before you decide whether or not to invest in Aevo, you will have to do your own research, not only on AEVO, but on other, related, coins and tokens. Either way, you will also need to make sure that you never invest more money than you can afford to lose.

FAQs 

About the Author

Valdrin Tahiri

Valdrin discovered cryptocurrencies while getting his MSc in Financial Markets from the Barcelona School of Economics in 2017. He has been an avid investor and trader since. Valdrin has written for several cryptocurrency media companies such as BeInCrypto and CoinGape.

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