AAVE/USD
1m
5m
15m
30m
1H
4H
1D
1W
History

AAVE/USD

Aave (AAVE) to USD is a major trading pair. Not only is AAVE an important emerging DeFi cryptocurrency, the US dollar is the most traded fiat currency in the world.

The AAVE/USD price can move up or down in a trend direction, but it can also move sideways if there is a lack of trading volume. The AAVE/USD exchange rate experiences occasional price swings along with breakouts or breakdowns.

The AAVE to USD pair may fluctuate by around 5% within a 24-hour period. Over a 30-day period traders can expect volatility of up to 10% for the AAVE to dollar trading pair.

Aave overview

Aave, originally called ETHlend was launched in 2017, however the rebranding occurred in September 2018. The crypto was founded by Stani Kulechov with the mission to create a protocol that allows people to lend and borrow crypto.

Targeted at individuals already engaged in the crypto space, Aave allows people to earn interest by depositing digital assets into liquidity pools. Individuals who need to borrow can use their crypto as collateral to take out a loan using this liquidity.

Aave coin holders gain access to discounted fees as well as giving them a say in future development of the protocol.

Aave allows individuals to lend and borrow in about 20 cryptocurrencies. Individuals can also choose whether to pay interest either in fixed or variable rates.

Facts about Aave

  • AAVE supply is fixed at 16 million.
  • There are 13.23 million AAVE currently in circulation
  • Aave is currently valued at $4.31bn
  • AAVE tokens have been built based on the ERC-20 standard on Ethereum

In 2017, Aave raised $16.2 million in an initial coin offering (ICO) for its AAVE token.

The AAVE to Dollar price has skyrocketed since the beginning of 2021. From lows of $27.8 in November 2020, AAVE price rose to $632.27 in May 2021. Despite dipping to $186.97 at the end of June, the AAVE price has since rebounded. As of mid-November 2021, the price of AAVE hovers around $325.62.

Which factors affect Aave's value?

The factors affecting Aave value can be divided into two groups- Aave-specific factors and factors affecting the cryptocurrency market as a whole.

Aave-specific factors:

  • Future developments, upgrades and technological improvements.
  • Competition from other DeFi platforms including Bitstreet Technologies, CoolBitX, Primechain.
  • Aave-related sentiment

 

General factors related to the crypto world:

  • Changes in regulatory laws regarding the legality and usage of cryptocurrencies
  • Speculative trading

 

USD overview

In the AAVE to dollar pair, AAVE is the base currency, and the USD is the counter currency. This means the chart shows how much AAVE is worth as measured against the USD.

The US dollar is the world’s most influential currency. It makes up 59% of all central bank foreign reserves. The greenback also dominates the forex market. It is involved in 85% of all forex transactions.

The strength of the US dollar has been directly affected by the monetary policy adopted by the US Federal Reserve after the 2007 financial crash. Fears around inflation have caused concern among investors regarding future devaluation of the dollar. The hit to the US economy as a result of the pandemic has also weakened the greenback.

If you are interested in AAVE/USD pair trading, you should keep a close watch of crypto market news as well as updates from the Fed regarding monetary policy changes.

Why trade AAVE to USD with Dzengi.com


Advanced charts and analysis tools
Access to more than 70 technical indicators and tools, powerful charts, real-time price alerts.

Smooth trading experience
Instantly buy tokenised assets with AAVE. Keep your holdings safe and transfer easily and quickly.

Choose crypto or cash
Fund your account or withdraw fiat with your credit card, bank transfer or a crypto wallet.

Stop paying more
Do more with less using the power of 100x leverage.

Control your risk
Never lose more than you put in with guaranteed stop-loss and take-profit orders.

iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
1BTC
Invest
20BTC
Profit
Leverage:
x20
The Power Of Leverage
Trade in the big leagues with 100 Bitcoin for every 1 Bitcoin you put in

AAVE/USD price history

Date Close Change Change(%) Open High Low
Dec 1, 2023 99.962 1.842 1.88% 98.120 100.238 97.823
Nov 30, 2023 98.110 1.766 1.83% 96.344 98.197 94.840
Nov 29, 2023 96.364 -0.421 -0.43% 96.785 98.673 95.228
Nov 28, 2023 96.765 0.732 0.76% 96.033 98.848 92.708
Nov 27, 2023 96.023 -1.707 -1.75% 97.730 98.926 93.159
Nov 26, 2023 97.730 -1.683 -1.69% 99.413 103.019 96.002
Nov 25, 2023 99.413 0.374 0.38% 99.039 101.688 97.060
Nov 24, 2023 99.049 3.200 3.34% 95.849 99.787 95.480
Nov 23, 2023 95.839 0.592 0.62% 95.247 100.506 94.832
Nov 22, 2023 95.247 10.907 12.93% 84.340 96.034 84.114
Nov 21, 2023 84.340 -5.775 -6.41% 90.115 92.465 83.375
Nov 20, 2023 90.115 -1.329 -1.45% 91.444 93.056 88.728
Nov 19, 2023 91.434 3.469 3.94% 87.965 91.652 85.917
Nov 18, 2023 87.975 -0.623 -0.70% 88.598 88.764 84.985
Nov 17, 2023 88.598 -2.201 -2.42% 90.799 93.359 84.848
Nov 16, 2023 90.869 -4.504 -4.72% 95.373 97.943 89.849
Nov 15, 2023 95.343 4.679 5.16% 90.664 95.674 89.968
Nov 14, 2023 90.624 -2.159 -2.33% 92.783 95.287 85.694
Nov 13, 2023 92.783 -6.896 -6.92% 99.679 104.539 92.235
Nov 12, 2023 99.689 2.946 3.05% 96.743 99.738 92.994