Aave is a DeFi protocol on the Ethereum, Avalanche, and Polygon network. The cryptocurrency “AAVE” is the native token of the project. While most altcoins crashed hard with the recent crypto crash, AAVE was no different. But how could the Aave price continue in the near future after it too was not spared from the crypto crash? In this AAVE price prediction, we're going to see why holding AAVE might not be a good idea at the moment.

Aave price formed a descending triangle a few weeks ago. This triangle had support of around $172.4. Having broken the $172.4 support during last week's crypto crash, we now expect a confirmed breakout. As a result, the Aave price could drop a little more in the near future than it has already done.

Not all cryptocurrencies broke their support areas, or at least had fakeouts. For the case of AAVE, and looking at figure 1, we can clearly see how prices have been lower than $170 for the past 2 weeks now. That's why it is very important to zoom out and see the bigger picture when analyzing crypto prices. Zooming out to the weekly chart showed 2 candles below the support level, which is why the breakout was confirmed.

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With the Aave price having a trend line that is pushing the price further down, the bears are constantly pressuring the bulls. With the next support around $95.5, we expect the drop to this level to continue. After that, there might be a small move up to the trend line. A descending triangle could also form from this, which is why we again assume that the price will fall below $95.5. The goal is around $50.

Naturally, this analysis assumes everything else is constant. This means that the crypto market continues its bearish trend, no major news in the AAVE community, and a selling pressure higher than a bullish sentiment. If you currently hold AAVE, it might be a good idea to liquidate and wait for the above-mentioned areas to reach. If the market bounces back earlier, the loss would be minimal compared to simply hodling.

The metaverse hype keeps on getting bigger and bigger. After the recent Facebook announcement, the company's name became Meta. This gave a big push to many crypto projects that were already looking to apply the metaverse concept in a decentralized way. Recently, Aavegotchi announced a successful round of "stress-test" to their servers. This is definitely big news not only for Aavegotchi's fans but also for the entire crypto community! Let's see what specifically happened during the stress test on the Aavegotchi Metaverse and how it went.

Aavegotchi is an NFT game on the blockchain, based on Tamagotchi. Remember those small black and white devices where you used to play and feed your virtual pet? This is exactly what this project is, but adding NFT to the mix. Aavegotchis are NFTs themselves that you can buy. Every Aavegotchi is unique and has individual properties. The rarer the characteristics of an Aavegotchi, the rarer and more valuable it is.

The characteristics of the Aavegotchis can be continuously improved during the course of the game. Depending on how much time and money you invest in your Aavegotchi, the rarer it will be. It’s about making different interactions with your Aavegotchi. You can pet it, put on new clothes, feed it or play minigames with your Aavegotchi.

Aavegotchis are of course not only valuable as collectibles. You can continually receive rewards in $GHST with your Aavegotchi. So-called “rarity farming seasons” take place at regular intervals. In each round, you can receive rewards for the rarity, loyalty, and experience of your Aavegotchis.

Naturally, when launching something new in the tech world, it needs extensive testing. Breaking points, server overloading, and occasional bugs are very normal. That's why after successful deployment, Aavegotchi's team announced a round of "stress-test" back on Monday the 20th of December, 2021 in order to make sure that the metaverse is well developed, the infrastructure handles big amounts of players with no lag nor latency.

Players around the world were ecstatic about jumping in the new metaverse. 700+ Gotchis were all playing and zooming around like fireflies collecting alchemica. There were no reported major incidents during the entire on-time.

There are many Metaverse projects currently other than Aavegotchi. For example, The Sandbox is another virtual game where players can buy and sell lands in a metaverse. On the other hand, the Sandbox projects already failed their community with bad launches previously. With its recent successful stress-test, Aavegotchi can breakthrough and has a strong chance to be a leader in the NFT gaming metaverse.

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