Grayscale Analysts Call AAVE 'Undervalued', Set $179 Target
Grayscale analysts consider AAVE token undervalued with a $179 price target for the next year, citing stablecoin-driven revenue growth.
Grayscale analysts have labeled the AAVE token as "undervalued," setting a base price target of $179 for the coming year. Currently trading near $75, the token is seen as having significant upside based on the firm's valuation model.
The analysts project that the Aave protocol could generate approximately $60 million in revenue by 2026. They note a shift in the protocol's revenue mix, with an increasing share coming from stablecoin-related activity rather than more volatile crypto assets.
Using a 20-25x multiple comparable to fintech companies, Grayscale estimates Aave's fair market capitalization at $1.2 billion to $1.5 billion.
Source: ForkLog