Uniswap UNI/USD, Aave AAVE/USD, PancakeSwap CAKE/USD, and Compound COMP/USD are all categorized as yield farming tokens.
Today, we are going to go over each token individually and see if they are worth getting.
Should you buy Uniswap (UNI)?
On April 15, 2022, Uniswap (UNI) had a value of $9.63.
The all-time high of Uniswap (UNI) was on May 3, 2021, when the token reached a value of $44.92.
When we go over the value of the token throughout the previous month, Uniswap (UNI) had its lowest point of value on March 15 at $8.19.
Its highest point of value was on March 31 at $12.32. Here, we can see that the token increased in value by $4.13 or by 50%.
With this in mind, UNI is a solid buy as it can reach $15 by the end of April.
Should you buy Aave (AAVE)?
On April 15, 2022, Aave (AAVE) had a value of $172.7.
The all-time high of Aave (AAVE) was on May 18, 2021, when the token reached a value of $661.69.
When we look at how the token performed last month, Aave (AAVE) had its lowest point of value on March 7 at $114.5.
Its highest point was on March 30 at $239.98. Here we can see that the token increased in value by $125.48 or by 109%.
With this in mind, we can expect the token to reach a value of $200 by the end of April.
Should you buy PancakeSwap (CAKE)?
On April 15, 2022, PancakeSwap (CAKE) had a value of $8.02.
The all-time high of PancakeSwap (CAKE) was on April 30. 2021 when the token reached a value of $43.96.
Going over how the token performed in March, PancakeSwap (CAKE) had its lowest value on March 15 at $5.36, while its highest was on March 31 at $9.45. This marked an increase of $4.09 or 76%.
With this in mind, we can expect CAKE to reach a value of $12 by the end of April 2022.
Should you buy Compound (COMP)?
On April 15, 2022, Compound (COMP) had a value of $142.44.
The all-time high of Compound (COMP) was on May 12, 2021, when it reached a value of $910.54.
When we look at how well the token did in March, Compound (COMP) had its lowest point of value on March 13 at $98.64, while its highest point was on March 31 at $162.9.
Here, we can see that the token increased in value by $64.26 or by 65%.
With this in mind, we can expect COMP to reach a value of $180 by the end of April, making it a solid buy.
The post Are UNI, AAVE, CAKE and COMP the best yield farming tokens you can get? appeared first on Invezz.
from Market Analysis – Invezz
