Why Aave coin is important?

Aave (AAVE) is an Ethereum token that powers Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers .

The price horizon is pretty bright for Aave. It does not solely bank on decentralization. According to our price predictions, AAVE might trade around the $335.63 mark by the end of 2025 .

The AAVE cryptocurrency offers holders several advantages. For instance, AAVE borrowers don’t get charged a fee if they take out loans denominated in the token . Also, borrowers who use AAVE as collateral get a discount on fees.

WalletInvestor has called it a bad long-term investment and predicts the token will soon lose most of its worth. It forecasts that the lending token will fall below $8 by the end of 2022 and is unlikely to recover.