The 5 best yield farming tokens you can buy on January 18, 2022

  • Yield farming tokens have increased in popularity due to their utility.

  • These tokens can be utilized as a means of adding an additional revenue stream to your portfolio.

  • UNI, CAKE, AAVE, COMP, and CRV are the best tokens you can buy.

Yield farming is an investment strategy typically utilized within decentralized finance (DeFi).

It involves lending or staking cryptocurrency tokens as a means of gaining rewards from the transaction fees or interest which is generated.

Should you buy Uniswap (UNI)?

On January 18, Uniswap (UNI) had a value of $17.5.

Uniswap had its all-time high on May 3, 2021, with a value of $44.92. This means that the token was $27.42 higher in value.

On December 2, the token had its highest point of that month at $22.86.

The token had its lowest point of value on December 17, at $13.86. This indicates a drop of $9 or by 39%.

With this in mind, UNI has the possibility of reaching $20 by the end of January, making it a solid buy.

Should you buy PancakeSwap (CAKE)?

On January 18, PancakeSwap (CAKE) had a value of $10.89.

PancakeSwap (CAKE) had its all-time high on April 30, 2021, with a value of $43.96. This indicates a $33.07 higher value point.

On December 1, 2021, the token had its highest value point at $14.62.

Its lowest value point was on December 5, where it decreased to $10.65. This is a decrease of $3.97 or 27%.

With this in mind, CAKE can increase to $13 by the end of January 2022.

Should you buy Aave (AAVE)?

On January 18, Aave (AAVE) had a value of $229.

Aave (AAVE) had its all-time high on May 18, 2021, with a value of $661.69. Here, the token was $432.69 higher in value or by 189%.

The token’s lowest point was on December 15, with a value of $106.05.

Its highest point was on December 28, with a value of $292.84. This marked an increase of $186.79 or 176%.

With this in mind, at $229, AAVE is a solid buy as it can reach $240 by the end of January.

Should you buy Compound (COMP)?

On January 18, Compound (COMP) had a value of $176.69.

Compound (COMP) had its all-time high on May 12, 2021, with a value of $910.54. This means the token was $733.85 higher in value.

Its highest point of value was on December 1, with a value of $284.99, while its lowest point of that month was on December 15, at $175.62. This indicates a $109.37 decrease.

With this in mind, COMP can reach $200 by the end of January, making it a worthwhile token to buy.

Should you buy Curve DAO Token (CRV)?

On January 18, Curve DAO Token (CRV) had a value of $4.65.

Curve DAO Token (CRV) had its all-time high on August 14, 2020, with a value of $54.01. This means the token was $49.36 higher in value or by 1061%.

The token’s lowest point was on December 6 at $3.26, while its highest was on December 26 at $5.99. This indicates an increase of $2.73 or 83%.

With this in mind, CRV has the potential of reaching $5 by the end of January.

The post The 5 best yield farming tokens you can buy on January 18, 2022 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

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Author: Milko Trajcevski

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