Aevo Price Prediction 2024: Can AEVO Make a Splash?

Key Takeaways

• Aevo launched its new AEVO token on the market in mid-March.
• After hitting a record high on March 28, it the dropped, reaching its lowest level on April 13.
• One price prediction says it may reach $4.37 next year.

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, the airdrop amounted to $95 million, leading to a fully diluted valuation of the project at $3.2 billion.

Aevo did not immediately respond to a request for comment.

But what is Aevo (AEVO)? How does It work? Let’s find out, and we can also look at some of the Aevo Price Predictions that were being made as of April 16, 2024.

Aevo Coin Price Prediction

Let’s examine some of the Aevo  price predictions made on April 16, 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.

First, CoinCodex  had a short-term Aevo  price prediction that saw the coin go to $2.28 by April 21 before jumping to $5.67 by May 20. The site’s technical analysis was highly bearish, with three indicators sending bullish signals and 13 making a discouraging one.

Aevo Price Prediction for 2024

DigitalCoinPrice  said Aevo would reach $3.71 this year, while Changelly  expects it to be at $2.21, and PricePrediction.net  said AEVO would close the year at $2.21. 

Aevo Price Prediction for 2025

PricePrediction.net said Aevo would reach $3.26 and Changelly also sees it at $3.26. DigitalCoinPrice said AEVO would trade at $4.37.

Aevo Price Prediction for 2030

Moving on to a more long-term Aevo price prediction, Changelly said the coin would be worth $20.65 in 2030 and PricePrediction.net expects it to be $20.65 , too. DigitalCoinPrice made an AEVO price prediction of $12.61 at the start of the next decade.

Google Gemini AI Price Prediction for Aevo (as of April 16)

Google’s Gemini AI platform gave the following price prediction for Aevo on April 16. 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: $1.83

• Factors to Consider:
  • Project Development: News and developments surrounding the Aevo project can significantly impact the price. Are there any upcoming product launches or partnerships?
  • Market Conditions: The overall cryptocurrency market sentiment can influence Aevo’s price. Is the broader market bullish or bearish?
  • Regulations: Regulatory changes can impact the entire cryptocurrency market, including Aevo.

Medium Term (Next six months)

• Expected price: $5.00

• Factors to Consider:
  • Market Conditions: The overall cryptocurrency market significantly impacts individual coin prices. If the market experiences a boom, Aevo could rise more than predicted. Conversely, a bear market could cause a price drop.
  • Project Development and Adoption: News and developments surrounding the Aevo project can influence its price. Increased adoption by users and businesses could drive the price up.

Long Term (Next five years)

• Expected price: $42.61

• Factors to Consider:
  • Overall cryptocurrency market trends: If the crypto market experiences a boom, Aevo could see a positive price impact.
  • Aevo project development and adoption: Successful development of the Aevo project and increased user adoption could drive the price up.
  • Regulations: Government regulations on cryptocurrency can significantly affect prices.

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 $2.9553. It then decreased to $2.0606 on March 20, before jumping again to its all-time high of $3.6985 on March 28.

The coin moved sideways in the first half of April before dropping to its all-time low of $1.4859 on April 13. It then regained some value, being worth $1.68 on April 16, 2024.

At that time, there were 110.0 million AEVO, out of a total supply of 1.0 billion. This gave Aevo a market cap of about $184.4 million, making it the 290th largest crypto by that measurement.

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 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.

Aevo (AEVO) Explained

How Aevo Works

Aevo Attention Tracker

Here is a chart for the Aevo Google search volume for the past 90 days. This represents how many times the term “Aevo AEVO” has been Googled over the previous 90 days.

FAQs 

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.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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