Aevo (AEVO) Price Prediction 2024-2025: Will AEVO Recover?
- WBOYOriginal
- 2024-06-25 15:36:40532browse
After a dismal year in which Aevo lost 82% of its value, it's starting to show slight signs of recovery. Its market cap has increased by 13% to $429 million in the last 24 hours
After a dismal year in which Aevo (AEVO) lost 82% of its value, it’s starting to show slight signs of recovery.
Its market cap has increased by 13% to $429 million in the last 24 hours, and its trading volume is up 76% in that time frame.
Aevo hit an all-time high of $3.76 on March 28, 2024. It has reversed most of those gains since, trading for $0.5098 at the time of writing.
One possible reason Aevo is gaining is the launch of its second Airdrops project with Azuro Protocol. It is distributing 666,666 $AZUR tokens to eligible users. The claim link will go live today, June 25, at 8 am UTC. More Aevo Airdrops are planned for Aevo stakeholders and pre-launch traders in the coming weeks.
Aevo began to face increased selling pressure after reaching its all-time high, which culminated in the disastrous decision to release 827 million tokens on May 15. This ballooned its circulating supply by 753%. The maximum supply is set at one billion tokens, which means limited emissions after this unlock. On top of the downward pressure caused by the emissions, the AEVO price fell to a new all-time low of $0.97 on May 15.
Binance announced an investment in Aevo to support L2 blockchain innovations on May 21, which helped stabilize the token’s price, but the bearish trend continued.
It is gaining steadily at the time of writing, but revisiting the ATH seems unlikely. Still, now may be a good time to buy the dip if you want to hold Aevo long-term. Moving averages, oscillators, and pivots suggest the price will increase in the next week. Coindataflow predicts a return to $0.94 by the end of the year. In 2025, Aevo will trade between $0.84 and $2.52.
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