Top DeFi Tokens To Buy In January 2023

According to Grand View Research, the global decentralised finance (DeFi) industry was worth $11.78 billion in 2021 and is predicted to grow at a compound annual growth rate (CAGR) of 42.5% between 2022 and 2030.

The adoption of DeFi is the driving force behind the industry’s growth. As DeFi integrates with more and more services, the corresponding DeFi platforms and services are also expected to grow.

Here’s a List of Top DeFi Tokens That Have Good Potential

1. Maker

MKR hit an all-time high (ATH) of $6,339 on May 3, 2021. Its price fell for the majority of 2022 and is now 90% lower than its all-time high. MKR is currently trading at $624.82 and is up 21.74% in the last seven days.

MKR has grown at an annual rate of 71.07% on average over the last seven years. Maker had its best year in 2021, when the price of MKR increased by 298.70% from $ 586.50 to $ 2,338.34. Its worst year was 2022, when the price dropped by -78.16% from $ 2,338.34 to $ 510.77.

According to Coincodex’s technical indicators, the current sentiment regarding Maker is neutral. Based on historical data, Coincodex claims that it is currently profitable to invest in Maker. They predict that MKR price would be between $ 1,757.56 and $ 5,277.91 by 2024-25.

Also Read: Explained: What is MakerDAO? How Does It Work?

2. Uniswap

UNI has gained 6.16% in the last 7 days and is trading at $5.70. It witnessed a downturn in 2022, recording a 5.51%, 0.10%, and 5.97% decline in price in the last 30 days, 60 days, and 90 days, respectively. However, UNI has  outperformed 57% of the top 100 crypto assets in one year.

UNI reached an all-time high of $44.97 on May 3, 2021, but it is now 87% below ATH. Uniswap has grown at a rate of 64.32% per year on average during the last four years. The best year for UNI was 2021, when its price increased by 229.52% from $ 5.17 to $ 17.02. Uniswap’s worst year was 2022, when the price fell -69.66% from $ 17.02 to $ 5.17.

According to Coincodex‘s technical indicators, the current sentiment around Uniswap is neutral. They anticipate that the UNI price will range between $14.92 and $44.8 by 2024–25.

Also Read: Top Meme Coins to Keep an Eye On In January 2023

3. AAVE

AAVE is currently 91% down from its ATH of $666.86, meaning it is trading at $61.15 on a discount of roughly $605.70 (from the levels of 2021).

It has gained recently, 15.26% in the last seven days and 17.93% year-to-date (YTD). However, the UNI price declined by 0.32%, 7.62%, and 14.92% in the last 30 days, 60 days, and 90 days, respectively. The price of Aave has fallen by 69.83% in the last 1 year.

According to Coincodex’s technical indicators, the current sentiment around AAVE is neutral. Based on historical data, Coincodex says that it is currently profitable to invest in Aave. They forecast that the AAVE price will be between $ 162.06 and $ 486.66 by 2024-25.

Also Read: Top 5 Indian NFT Artists Representing India in the NFT Art Scene.

It is important for anyone considering investing in DeFi coins to carefully research the asset, and understand the risks involved before making any investment decisions.

Disclaimer: This is not investment advice. DYOR

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