Top DeFi Tokens to Buy in January 2023

Home >> Blog >> Top DeFi Tokens to Buy in January 2023According Grand View Research, global decentralised finance (DeFi), was worth $11.78 Billion in 2021. It is expected to grow at a compound annual rate (CAGR), of 42.5% between 2022-2030. The industry’s growth is due to the adoption of DeFi. Here’s a list of top DeFi tokens that have good potential. MakerMKR reached an all-time high of $6,339 (ATH) on May 3, 2021. Its price dropped for most of 2022, and is now 90% below its all-time high. MKR currently trades at $624.82, and is up 21.74% over the past seven days. Maker’s best year was 2021 when MKR’s price rose by 298.70%, from $ 586.50 up to $ 2,338.34. Its worst year was 2022 when the price of Maker dropped by -78.16%, from $ 586.50 to $ 2,338.34. Coincodex claims it is profitable to invest in Maker based on historical data. They project that MKR prices will range from $ 1,757.56 to $ 5,277.91 in 2024-25. Trending StoriesAlso read: Explained: MakerDAO: What is it? How does it work? UniswapUNI gained 6.16% over the last seven days and is currently trading at $5.70. It experienced a decline in 2022, with a 5.51%, 0.1%, and 5.97% price drop in the 30 days, 60, and 90 days. UNI has outperformed 57% among the top 100 crypto assets over the past year. UNI reached a record high of $44.97 on May 3, 2020, but is now 87% lower than ATH. Uniswap’s average annual growth rate over the past four years has been 64.32%. 2021 was UNI’s best year. Its price rose 229.52% from $ 6.17 to $ 17.02. Uniswap’s worst-year was 2022 when its price increased by 229.52% from $ 5.17 to $ 17.02. According to Coincodex technical indicators, the sentiment surrounding Uniswap at the moment is neutral. They expect that the UNI price range between $14.92 to $44.8 by 2024-25. AAVEAAVE is currently trading at $61.15 compared to its ATH of $666.86. This is a discount of approximately $605.70 (compared to the levels of 2021). It has gained recently, 15.26% in seven days and 17.93% YTD. The UNI price has declined by 0.32% and 7.62% respectively in the past 30 days, 60 and 90 days. According to Coincodex’s technical indicators the current sentiment around AAVE has been neutral. The price of Aave fell by 69.83% over the past 1 year. Coincodex’s historical data shows that Aave is profitable. 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. DYORAlso read: Here’s a list of all the FTX Debacle films and TV shows currently in productionAbout the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. Recent blogs

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