Top 5 DeFi Coins that May Boom in 2023

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Brian Bollinger Since more than a decade, the crypto market has been in a downward trend and many crypto coins have fallen by a substantial amount. Some of the Top DeFi Coins have been heavily discounted, allowing investors to take advantage of a great opportunity to get them at low rates. Here is a list of coins that may offer massive returns in 2023.advertisementUniswap(UNI) Source- TradingviewAmid the ongoing downtrend, the Uniswap(UNI) price can have tumbled 87.06% from its all-time high of $44.97. This altcoin, currency, trades at the $5.8 level and is stuck in an eight-month consolidation. The Uniswap(UNI) price can have fallen 87.06% from its all-time high of $44.97. If prices break through this resistance, it will signal a potential for significant recovery. Prices could rise to $31.5 in the next two quarters. Trending StoriesChainlink(LINK) Source-TradingviewThe Chainlink coin price currently trades at $6.5 and witnesses an 87.6% loss from the All-time high of $52.8. However, the coin price has been resonating in a rectangle pattern for the past eight, and a breakout from its $9.6 could trigger a significant recovery.If the market sentiment improves in 2023, this DeFi token could surpass $30 by the mid-year.Aave(AAVE)Source-TradingviewFrom its all-time high of $666.86, the AAVE price has witnessed a downfall of 91.17 and currently trades at the $58.8 mark. The buyers defended the $50 psychological support that boosted a sideways rally in monthly charts. A breakout from $115 would be a sign of recovery if the bullish momentum returns to this support. A breakout from the mentioned level may push the price to $250 by mid-2023.Fantom(FTM) Source-TradingviewThe Fantom coin witnessed an aggressive downfall after hitting an All-Time high of $3.48 in October 2021. The price plunged 93.47% and dropped to $0.22. This is indicative of exhausted bearish momentum. Furthermore, a potential upswing from mentioned support may push the price to the breached support of 0.786 Fibonacci retracement level at $0.8.A breakout from this barrier may bolster a significant recovery that may reach the $1.75 mark by late 2023.Curve Dao(CRV)Source-TradingviewThe Curve Dao coin price plunged 91.4% from the Jan 2022 high of $6.8. The coin price fell to $0.4 and then tested the support level at $0.8. This proved to be sustainable above the long-coming accumulation zone. This resistance is a key milestone that a bullish breakout could bring about a rally to $3.5.
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. Close Story