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.
