With such a wide variety of cryptocurrencies, and so many token sales happening on the blockchain, it can be hard to decide which ones are worth investing in. Cointext has compiled a list of their top 3 Yield Farming tokens that they believe will have the highest ROI after January 3rd. Each token offers different benefits for investors who want to reap rewards from passive income spending habits.
The “yearn finance” is a token that was released on January 3, 2018. This token has been in the top three most valuable tokens for quite some time now. It is worth buying if you are looking to invest in it.
The trading volume of AAVE has surged by 77% in the previous 24 hours.
The trading volume of CAKE has increased by 47% in the previous 24 hours.
In the previous 24 hours, the value of CRV has climbed by 10%, and its market cap has increased by 15%.
Aave is a decentralized financial system that enables users to lend and borrow cryptocurrency, and its AAVE token facilitates yield farming.
PancakeSwap is a decentralized finance (DeFi) and automated market maker (AMM) program that allows users to trade tokens, offer liquidity, and participate in yield farming for which they may earn fees using the CAKE token.
Curve is a decentralized stablecoin exchange that manages liquidity with the use of an automated market maker (AMM). Curve token holders may participate in yield farming.
Is it a good idea to invest in Aave (AAVE)?
Aave (AAVE) was worth $276.08 on January 3.
We’ll look through the AAVE token’s ATH value point as well as its performance last month to gain a better idea of what this value point represents.
AAVE achieved an all-time high value of $661.69 on May 18, 2021. The token was $385.61 more valuable at its ATH point of value, as seen above.
When we look at the token’s performance in December, we can see that the lowest value point was $160.05.
The greatest point in the token’s value was $292.84 on December 28. We can see that the value of AAVE has grown by $132.79, or 82 percent.
With this in mind, AAVE is a good purchase at $276.08, with the possibility of reaching $300 by the end of January.
Is it a good idea to acquire PancakeSwap (CAKE)?
PancakeSwap (CAKE) was worth $12.41 on January 3.
We’ll look through the CAKE token’s ATH point of value as well as its performance in December to discover what this value point indicates.
CAKE achieved an all-time high value of $43.96 on April 30, 2021. We can observe that the token was $31.55 greater in value at its ATH point of value, or by 254 percent.
When looking at the value of the token in December, we can see that the greatest point came on December 1, when CAKE was valued $14.62.
The token’s lowest value point came on December 5, when it dropped to $10.65. This indicates that the CAKE token’s value has dropped by $3.97, or 27%.
However, between December 5 and January 3, the token’s value grew by $1.76, or 16 percent.
With this in mind, we should predict CAKE to hit $15 by the end of January, making it a good investment.
Is it a good idea to invest in Curve DAO Token (CRV)?
Curve DAO Token (CRV) was worth $6.64 on January 3.
We’ll look at the CRV token’s performance in December, as well as its ATH point of value, to get a sense of what this value point represents for the token.
On August 14, 2020, the token reached its all-time high value of $54.01. We can observe that the token was $47.37 greater in value at its ATH point of value, or by 713 percent.
When looking at the performance of the tokens in December, the lowest point of value for CRV was $3.26 on December 6.
On December 26, the token achieved its highest value point of the month, reaching $5.99. The token’s value climbed by $2.73, or 83 percent, as seen above.
In light of this, the CRV token is a good purchase at $6.64, with the potential to hit $8 by the end of January.
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