2022 will be the year of DeFi tokens, according to top analysts, with AAVE, CRV and SUSHI soaring

DeFi protocols posted triple digit gains over the past year with continued capital inflows, activity in the chain and investor interest. Accordingly, analysts predict that AAVE, CRV, YFI and SUSHI prices will skyrocket in 2022.

DeFi rally in 2022

According to analysts, the DeFi token is performing well thanks to its on-chain activity and the increasing inflow of capital into the ecosystem. Institutional investors and traders with large purses have capital invested in Aave, Curve Dao, Sushi, and Yearn Finance.

Four DeFi protocols saw triple-digit growth over the past year. Top Tick Crypto Anonymous Analyst Has suspect The prices for the DeFi protocol will continue to rise. Along with the skyrocketing price, so did the number of active users and the value locked in the log.

“The bear market cannot prevent DeFi-Coins from working. You have a very high market capitalization, but growth is stagnant. However, when the coins came out with lower capitalization and higher growth (SPELL, CVX, etc.), they did well. There are always opportunities when market capitalization is low and growth is high. ”

In the past 2 weeks the AAVE price has risen by more than 50% and broken out of the downtrend. Analysts believe that an RSI breakout or the creation of support at USD 300 will signal a continuation of the uptrend in the short term.

“AAVE has a lot to prove at this point. It’s too early to say if it’s any different, but the price will quickly go above $ 300. ”

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Similar to the market capitalization, the Total Value Locked Up (TVL) for Aave, Curve Knives and Sushi Swap has multiplied many times over. TVL growth is viewed as an optimistic sign by investors.

Analyst Michael van de Poppe suspect that 2022 could be the year of the DeFi token.

“2022 will be the year of DeFi and the recent major recovery is showing the first signs. Position your position well. ”

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