Aventus price prediction: What is Aventus (AVT)?

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Can Aventus beat both the bears and the touts?

The Aventus logo, comprised of two overlaid geometric triangle shapes in black and blue on a white disc, itself laid on a blue background                                 
Aventus can be used as a way to give people control over the sale and resale of events tickets – Photo: Shutterstock
                                

Contents

Aventus helps to power a network which promises to make both business and pleasure cheaper and more efficient. But what is Aventus (AVT)? How does Aventus work? What is the Aventus price prediction? Let’s take a look.

Aventus explained

The Aventus Network is a system which operates with a link to the Ethereum blockchain but is, fundamentally, independent. It uses certain parts of Ethereum to operate but, as a layer 2 scaling solution, it allows people to take their transactions away from the main blockchain. This means, at least theoretically, that people who do things using Aventus are not going to be bogged down by the slower transaction speeds that can blight Ethereum. It also means that AVT, the Aventus native token, is a token, rather than a coin, although you will often hear references to the Aventus or AVT coin. 

Aventus promises a number of different uses in its white paper. For instance, it can be used as a way to give people control over the sale and resale of events tickets, taking touts out of the equation and stopping customers from having to pay excessive resale prices. This was the reason why the system was created in the first place but there are other things it can do. For instance, it can be used by shops to manage loyalty point programmes, as well as digitising financial assets to make them more accessible. 

Going back to its ticketing operations, the idea is that each ticket exists as an encrypted file on the blockchain, meaning it cannot be forged and that it is easy to keep track of who holds it and whether it has changed hands. This means people can control the prices more easily. The system was used for some tickets for the 2018 FIFA World Cup in Russia. 

As far as the AVT token goes, it can be bought, sold and traded on exchanges. AVT holders also have the ability to both propose and vote on changes to the system. The token is also used for transaction fees on the network, as well as being used as a staking fee for anyone wanting to serve as a node on the network, helping the system operate in return for payment in the form of AVT.

Aventus was founded in 2017 by British crypto entrepreneurs Annika Monari and Alan Vey. Vey still serves as CEO of the network, supported by a team of nine employees. 

Aventus price history

It is time to take a look at the Aventus price history. While past performance is not an indicator of future results, knowing how the token has behaved in the past can give us some context when it comes to both making and interpreting an Aventus price prediction.

When Aventus came onto the open markets in August 2017, it was trading at around $3. There was some volatility, as is expected with newer cryptocurrency. The token then got caught up in the massive cryptoboom of late 2017 and early 2018, and on 12 September 2017 it hit its all-time high of $11.09. AVT then followed the market in slumping and, from the summer of 2018, it was trading at under $1. It pretty much stayed somewhere below that point for the next two years or so, dipping to trade at around $0.10 by late 2020.

Things got better for AVT in early 2021 when cryptocurrency went through a bullish market and Aventus got caught up in the excitement, with the coin trading at $1.02 on 15 April. The coin then fell back and the Great Crypto Day Crash of 19 May saw the token move down to spend the summer at below $0.50.

August saw some recovery, and on 2 September it topped $0.50 for the first time since May. It was the end of September when things started to get really exciting for investors, though it closed the month at $1.02. While it fell, business started to pick up in October and the coin resurfaced above $1.

Aventus price history
Aventus price history – Credit: Currency.com

Unlike the spikes in April and September, this was not a flash in the pan, but the start of a consistent bull run which saw the coin hit heights that it had not reached since the boom period of late 2017 and early 2018. The apex of this run was an intraday high of $6.31 on 29 October 2021 and while the coin dropped to close the month at $3.57, it looked like Aventus had found a new level of market confidence and power far above where it had been trading earlier in the year. November more or less bore this out, with the price hovering around $3 before concerns about the Omicron variant of Covid-19 saw it fall to close the month at $2.74. 

December saw volatility, with a monthly high of $4.04 on 16 December followed by a low of $0.9459 on 19 December, but it settled out to close the year at $2.90. So far, AVT’s 2022 has been marked by volatility around the $3 mark, with the price moving to close January at $3.01. February looked somewhat encouraging, with the coin breaking through to trade at $4.19 on 3 February before market fears caused by global turmoil saw it decline, despite AVT’s listing on Coinbase. The worst moment was following Russia’s invasion of Ukraine on 24 February, when it traded at $1.94.

There was some recovery, though, aided by the news that it was to enter the Polkadot parachain, and on 4 March it was worth around $2.60. Most notably on 31 March, AVT announced that it had reached another significant milestone, and as part of its network’s layer 2 upgrade work, its mainnet had been upgraded to V3. By 8 April, the coin was trading at highs of $3.89.

On 27 April, AVT became available on Gate.io and it is the third listing on an established cryptocurrency exchange for the Aventus Network in the past five months. Aventus posted the following on Twitter: 

The token continued on its descent and closed the month of April at $1.71. May was also a difficult period almost across the board for crypto, and AVT was no exception, sinking to lows of $0.6976 on 13 May.  However, there has been some positive price movement since that point and, as of 27 May, the token is trading at $1.10, up 5% in a recent 24-hour trading period. 

At that time, there were six million AVT in circulation out of a total supply of 10 million (60% in circulation). This gave it a market capitalisation of about $6.6m, making it the 883rd largest cryptocurrency by that metric.

Aventus price forecast

With that out of the way, let’s take a look at the Aventus price prediction for 2022 and beyond. It is worth pointing out here that price forecasts, especially ones which focus on as volatile a market as cryptocurrency, are very often wrong. Also, we need to point out that longer-term crypto forecasts are often made using an algorithm, which can change at any time. 

Firstly, CoinArbitrageBot is optimistic, making an AVT price prediction that suggests it will rise to about $2.06 this year. In 2023, the token should reach about $3.37, while in 2024 Aventus should be trading at a little over $5.93. The site has an Aventus price prediction for 2025 that says it should hit $9.60 that year.

Meanwhile, DigitalCoinPrice says that AVT should get to $1.55 in July, representing an upswing of over 40%, but volatile around that price point and worth $1.57 in December. The site forecasts the coin will be worth an average of $1.59 in 2023, $1.69 in 2024 and $2.11 in 2025. The site makes an Aventus price prediction for 2030 of an average of $5.03, also suggesting the $5 barrier will be broken in January.

Finally, Gov.Capital provides an Aventus coin price prediction which suggests that the coin should continue on a general uptrend, hitting the $2 mark in October. By 27 May 2023, it should be valued at around $1.36, and a year from that it should be worth around $2.09. On 27 May 2025, the token should have a price of around $3.05 before it rises to hit $4.19 12 months after. On 27 May 2027, AVT should be trading at $5.30. 

Closing remarks

Before we finish, some final thoughts. Firstly, while the principles behind Aventus are fundamentally good – ticket touts are seen as a scourge on live entertainment of all forms, and anything that can control the price of resold tickets has got to be good for fans – the fact is people may well be cynical about blockchain technology, meaning that there could be a slower take up than might otherwise be the case.

Secondly, it is entirely possible that a large ticketing company or venue group could create their own version of what Aventus does, meaning the system and the token could pass into obsolescence. The other thing is that Aventus is still mainly used for ticketing related purposes, so we will have to see if its other proposed uses will become as widely spread in the system. As always with crypto, you need to be careful. 

FAQs

As of 27 May 2022, there were six million AVT in circulation out of a total supply of 10 million. 

It might be. It certainly has a fair amount of real-world potential, and its price has largely been positive over the past 12 months. However, you will still need to be careful and do your own research before you do anything.

It could. The token is trading at a better level than it was this time last year. On the other hand, it can be pretty volatile, like most cryptocurrencies, so you will have to remember that prices can go down as well as up.

This is a question that only you can answer. Before you do, though, you will have to remember to do your own research, as well as noting that prices can go down as well as up. More importantly, you should never invest more money than you can afford to lose. 

Further reading

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