Aventus price prediction: What is Aventus (AVT)?
Can Aventus beat the bears and make a turnaround?
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 whitepaper. For instance, it can be used as a way to give people control over the sale and resale of tickets for events, taking touts out of the equation and stopping customers from having to pay excessive resale prices.
This was the reason the Aventus 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 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 chairperson of the network, supported by a team of 14 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 crypto boom of late 2017 and early 2018, and on 12 September 2017 it hit its all-time high of $11.09.
AVT then followed the broader market in slumping, and by 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 2021 saw the token move down to spend the summer below $0.50.
August 2021 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, as it closed the month at $1.02. While it fell, business started to pick up again in October and the coin resurfaced above $1.
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 2021 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 more volatility, with a monthly high of $4.04 on 16 December 2021 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 token closing 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 Aventus 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 2022, the coin was trading at highs of $3.89.
On 27 April, AVT became available on Gate.io, the third listing on an established cryptocurrency exchange for the Aventus Network in the past five months. Aventus posted the following on Twitter:
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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, opening on 1 June at $1.08, and 1 July 2022 at $1.43.
The token has largely traded sideways for the past few weeks, and as of 5 August 2022, one AVT is worth $1.56. Recently, Aventus Network announced it will take part in an auction (from 28 August to 4 September) to lease a slot in Polkadot’s Parachain ecosystem. The Aventus website says: “Joining the Polkadot ecosystem forms part of Aventus’ long-standing wider ambition to bring scalability, interoperability, speed and affordability to the blockchain space, in order to make building on blockchain accessible for businesses. Via its enterprise-grade infrastructure, Aventus aims to bring large-scale enterprise adoption of blockchain to the Polkadot ecosystem.”
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There are currently six million AVT in circulation out of a total supply of 10 million (60% in circulation). This gave it a market capitalisation of about $9.4m, making it the 764th 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 often inaccurate. 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 $2.18 this year. In 2023, the token should reach about $3.88, while in 2024 Aventus should be trading at a little over $6.27. The site has an Aventus price prediction for 2025 that says it should hit $10.15 that year.
Meanwhile, DigitalCoinPrice says that AVT should get to $2.04 in September, representing an upswing of over 30%, and $2.24 in December. The site forecasts the coin will be worth an average of $2.27 in 2023, $2.42 in 2024 and $3.02 in 2025. The site also forecasts the $5 barrier will be broken towards the end of 2027 and makes an Aventus price prediction for 2030 of an average of $7.19.
Finally, Gov Capital provides an Aventus coin price prediction which suggests the coin should continue on a general uptrend, hitting the $2 mark in October. By 5 August 2023, it should be valued at around $2.22, and $6.96 in five years’ time.
Closing remarks
Before we finish, some final thoughts.
Firstly, while the principles behind Aventus are fundamentally good – ticket touts are generally seen as a scourge on live entertainment of all forms, and anything that can control the price of resold tickets has to be good for fans – the fact is that people may be cynical about blockchain technology, meaning there could be a slower uptake 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 widespread in the system. As always with crypto, you need to be careful.
FAQs
How many Aventus are there?
As of 5 August 2022, there were six million AVT in circulation out of a total supply of 10 million.
Is Aventus a good investment?
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 invest any money.
Will Aventus go up?
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.
Should I invest in Aventus?
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.
