As the native token of a leading DeFi platform, the AAVE token is a good investment to consider, especially if you believe in the future potential of decentralized finance. In addition, you could buy and stake AAVE to earn passive income and grow your crypto portfolio.
The AAVE price could witness an uptrend as more users access Aave Protocol’s services for lending liquidity or borrowing crypto assets. The higher on-chain activity could increase the demand for the AAVE token and send its value higher in the market.
The AAVE token is also a good investment if you wish to participate actively in the DeFi market and would like to contribute to Aave Protocol’s decentralized governance mechanisms. As a token holder, you could have a say in what new assets the protocol will support and other future upgrades its developers could include.