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LEND Coin Price Prediction

LEND Coin Price Prediction
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Anyone keeping track of the recent developments in the cryptocurrency world is probably familiar with the ETHLend platform – it is now known as Aave.

Aave is the successor to ETHLend – a loan platform that is decentralized and relies on cryptocurrency for collateral. The token used on the platform is called the Aave (LEND) token. 

The logical question to ask is, “Is Aave (LEND) coin a good investment?”

This article will answer that question and many other questions relating to Aave (LEND). We’ll also share short term and long term price predictions about Aave from different cryptocurrency price predictors. 

What is decentralized finance (DeFi)?

Decentralized finance (DeFi) is the cryptocurrency solution to traditional, centralized finance. 

In a nutshell, DeFi is used to describe any cryptocurrency project that offers a traditional financial service in a decentralized manner.

There are a lot of traditional financial services. And there is a DeFi project for every one of them. Popular DeFi projects focus on peer to peer lending, gambling, and even real estate. 

What is Aave (formerly known as ETHLend)?

As mentioned previously, Aave is a DeFi project that is a peer to peer lending platform that gives borrowers the opportunity to borrow cryptocurrency by putting up cryptocurrency as collateral. It’s the successor to ETHLend.

This is a great platform for those that plan on holding cryptocurrency for a long amount of time and need liquid cash because you still keep the cryptocurrency if you pay the loan.

What is Aave (LEND)?

First of all, Aave (LEND) is technically a token. It’s an ERC-20 token because Aave operates on the Ethereum blockchain. This means you can store the token in a standard Ether wallet. 

It’s also a utility token on the platform because you have much lower fees when using Aave (LEND) on the Aave platform.

What was the original price of Aave (LEND)?

LEND coin was launched in November 2017 at a price of 25,000 LEND to 1 ETH. At the time, that made 1 LEND worth about .017 USD. 

However, in September 2018 the cryptocurrency rebranded itself to AAVE and is working on transferring all LEND coins to Aave coins. This is why you sometimes see some confusion between LEND and AAVE, but they are referring to the same token. Just by a different name.

Price Predictions for LEND Coin (AAVE)

Here is a collection of different price predictions for Aave (LEND). Also, it’s important to note that the price of LEND at the time of writing is approximately $0.52 USD to 1 LEND.

Cryptoground’s Prediction

Cryptoground has an overall negative prediction for LEND/AAVE. They expect the price to fall by up to 99% in the coming year. 

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They strongly encourage anyone holding the coin to sell it.

Coinpredictor’s Prediction

Walletinvestor’s Prediction

Walletinvestor has a positive price prediction about the price of Aave (LEND). They expect the price to rise by over 200% in the next year. 

If this prediction comes true, then that means the price of Aave could exceed $1.60 USD per Aave (LEND).

That would be a phenomenal price increase for one year.

Digitalcoinprice’s Prediction

Digitalcoinprice also has an overall positive prediction for AAVE/LEND in the coming years. They offer predictions 1-5 years in the future. And those predictions are all larger than the current price.

Digitalcoinprice expects the price of AAVE/LEND to be $0.76 at the end of 2020, $0.95 USD at the end of 2021, $1.01 at the end of 2022, $0.83 at the end of 2023, $1.48 at the end of 2024, and $2.64 at the end of 2025.

As you can see, that’s a very positive price prediction. 

Are price predictions accurate?

Not really, no. At the end of the day, no one really knows what the price of any cryptocurrency will be in the future.

However, it’s possible to make educated guesses based on the history of the particular project and projected public support of a project. 

With that in mind, it does appear that LEND/AAVE has good metrics and a good team behind the project. It’s also unique in that it’s one of the few P2P cryptocurrency lending platforms.

Our Verdict on LEND/AAVE

Aave (formerly known as ETHLend) has a great team behind it. In fact, it’s the best P2P cryptocurrency lending project at the moment. 

It doesn’t appear that any competitors will emerge to compete with Aave, so it has first mover momentum. Not to mention that the price has increased an insane 1600% this year. 

LEND/AAVE shows no sign of slowing down in the medium to long-term future. And we fully expect it to be one of the DeFi projects that really takes off when DeFi eventually has it’s bull run. 

Sure, the price might be higher than what it was. However, it’s still low compared to what the price will likely be in 2 or 3 years.

This makes it the perfect time to invest in LEND/AAVE.

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