In 2020, the big hype around the decentralized finance sector started. Many platforms such as Uniswap or Sushi Swap have benefited massively from the trend and gained millions of customers in a short time. The idea behind this is that the trading exchanges are not controlled by a central authority, such as Binance, but the exchange is oriented as a decentralized exchange platform.

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In this respect, the platforms actually take up the original idea of Bitcoin. Because the white paper by Satoshi Nakamoto has designed Bitcoin as an alternative to the classic financial systems with central players such as the private banks and the state central banks.

Trading exchanges such as Binance, Kraken or Coinbase offer their customers the purchase of Bitcoin and the trading of thousands of other cryptocurrencies, but they contradict the Bitcoin idea in that respect that they are actually similarly centrally oriented as the much-criticized banks. Only with the difference that the assets are not primarily dollars, gold or shares, but cryptocurrencies.

According to the website DeFi Pulse, almost $ 83,5 billion of assets are currently on decentralized platforms. Many of the decentralized platforms now offer their own tokens, which have experienced massive price increases in the course of the DeFi hype.

The following overview shows three of the most exciting DeFi tokens and analyzes which of the tokens could now be worth buying.

UNI: price targets between 70 and 166 dollars

Uniswap’s own governance token, called UNI, was launched on the market in September 2020. Thus, the coin started on time for the new bull run of Bitcoin. The early users of Uniswap were given 400 UNI tokens. If you look at the current market price of UNI/USD, a very generous gift. Because with a price of $ 27.65 at the time of publication, the 400 tokens are worth more than $ 10,000 today.

However, UNI/USD is currently trading well below the all-time high from May 2021, when the coin reached a level of just under 45 dollars. However, the price is currently around 38 percent below. With a market capitalization of around 17 billion dollars, UNI currently ranks 11th among the most valuable cryptocurrencies in the world.

Wallet Investor

Coin Price Forecast analysts estimate that Uniswap could reach all-time highs again in 2022. In the medium to long term, they consider even higher prices possible. For example, a UNI / USD rate of more than 60 dollars is expected for 2023. After that, however, the price increases are moderate. Thus, experts estimate that the course in price regions of $ 70 will stagnate for the next few years.

Wallet Investor’s prediction is much more bullish. According to this, UNI / USD could double its current rate by next year and even triple by 2023. In perspective, Wallet Investor also considers the purchase of UNI to be a good investment in the long term. Thus, the 5-year forecast is at a price target of more than 166 dollars. That would be an increase of around 500 percent at the current rate.

Aave: 500 percent growth by 2026?

Aave is also one of the well-known decentralized financial protocols that allow users to borrow or lend cryptocurrencies. Lenders receive interest when they deposit the digital assets in so-called liquidity pools. Borrowers can then use these pools to take out a loan with this liquidity.

Originally Aave was known as ETHLend. However, since rebranding, Aave has had a strong track record and in this bull cycle, the Aave token has seen massive price increases.

With a market capitalization of more than $ 4.8 billion, the token is currently ranked 30th among the most valuable cryptocurrencies. The token price is trading at around $ 368 at the time of publication. In November 2020, however, the purchase of Aaave was still possible for less than $ 30 per token. Thus, the price has increased more than twelve-fold in less than a year.

Wallet Investor

However, the strong correction in May 2021 did not pass Aave without a trace. From a record price of almost 670 dollars, the coin fell at times to lows of below 200 dollars. Aave is still trading almost 50 percent below its all-time high.

However, it may be a good time to start to get Aaave at a relatively low price. Because according to the analysis of Coin Price Forecast, the price is likely to rise again soon. By 2023 at the latest, Aave should reach a new record price of more than 700 dollars. By the end of 2024/beginning of 2025, according to the forecast, the mark of $ 1,000 per token could fall. In the long term, Coin Price Forecast even considers prices in the range of $ 2,000 for Aave possible.

The assessment is thus similarly bullish as with the market experts of Wallet Investor. Analysts estimate that by 2022, Aave/USD can again push into the spheres above $ 600. By 2023, a price increase of almost 200 percent compared to the current level is expected. Wallet Investor already sets the price target for 2026 at a remarkable $ 2,150. This would be a growth rate of almost 500 percent compared to the current level.

Yearn.Finance: 150,000 Dollar target

The Yearn project.Finance has caused a sensation since 2020. The token YFI was still trading at less than $ 1,000 in July 2020 and was able to stage an incredible price rally in the following weeks. As early as September 2020, YFI/USD reached a unit price of more than $ 40,000, making it more expensive than Bitcoin in terms of token value. However, it should be noted that the amount in circulation is very limited at 36,666 YFI. Thus, the high price has resulted mainly from the scarce supply.

In May 2021, the altcoin even rose to record levels of more than $ 90,000, narrowly missing the magic figure of $ 100,000 per token. However, since then, YFI / USD has experienced a sharp correction. In May, the share price plummeted to lows below $ 27,000. YFI has since recovered to $ 37,000, but is still 60 percent below its all-time high.

Coin Price Forecast

By contrast, YFI is currently not one of the top tokens on the crypto market in terms of its market capitalization. After an interim placement in the top 20, YFI has fallen back to 80th place.

However, Coin Price Forecast is certain in its forecast that the purchase of YFI is now worthwhile and the coin will exceed the $ 100,000 price mark. According to the analysts, however, it should not be until 2027. In the long term, the price target is around $ 150,000.

Wallet Investor’s assessment is similarly bullish. However, market observers expect YFI to reach the six-figure region earlier. Already for 2026, they are spending a price target of around $ 150,000.