Market

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. ”

https://twitter.com/venturefounder/status/1474124571238354946?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
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. ”

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

3 mins ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

11 mins ago

Bitcoin Price in 2025 Will Reach $200,000: Bernstein

Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…

1 hour ago

Bitfinex Alpha Predicts Storm Brewing in Crypto Market

The latest report by Bitfinex Alpha: "The Calm Before the Storm," provides insights on the…

2 hours ago

Binance Listing Fees Are Causing Fierce Controversy In The Community

The crypto community is in a heated debate over Binance listing fees and the exchange’s…

2 hours ago

Dogecoin Price At Critical Junction Where Support And Resistance Touch, Is It Better To Buy This DeFi Altcoin For 5,000% ROI This Month?

The Dogecoin price has reached a critical turning point between support and resistance, sparking interest…

2 hours ago

This website uses cookies.