Andre Cronje, who is the creator of Yearn Finance as well as Keep3r, quit together with Fnatom software architect Anton Nell, according to a Tweet posted on Sunday.
By announcing this decision, Anton Nell said that around 25 DeFi applications would be “terminated” starting from April 3.
These include popular protocols such as Yearn Finance, and Keep3r network, bribe Finance, Solidly, and others.
Analysts also warned that this sudden departure from Cronje could put billions of dollars of investor funds at risk.
With all of these in mind, these are the DeFi tokens and projects that you can look at instead: Terra LUNA/USD, Chainlink LINK/USD, Uniswap UNI/USD, The Graph GRT/USD and PancakeSwap CAKE/USD.
Should you buy Terra (LUNA)?
On March 7, 2022, Terra (LUNA) had a value of $82.23.
The all-time high value of Terra (LUNA) was on December 27, 2021, when the token reached a value of $103.34.
When we go over February, Terra (LUNA) had its lowest point on February 3 at $47.33, while its highest point was on February 28 at $89.76.
This marked an increase in value of $42.43 or 89%. With this in mind, we can expect LUNA to reach a value of $100 by the end of March 2022.
Should you buy Chainlink (LINK)?
On March 7, 2022, Chainlink (LINK) had a value of $13.23.
The all-time high value of Chainlink (LINK) was on May 10, 2021, when the token reached a value of $52.70.
Looking at last month, Chainlink (LINK) had its highest point on February 8 at $19.33.
Its lowest point was on February 24, when it decreased to $11.7. This marked a decrease of $7.63 or by 39%. With this in mind, LINK can reach $15 by the end of March 2022.
Should you buy Uniswap (UNI)?
On March 7, 2022, Uniswap (UNI) had a value of $8.45.
The all-time high value of Uniswap (UNI) was on May 3, 2021, when the token reached a value of $44.92.
Discussing last month’s performance, Uniswap (UNI) saw its highest point at $12.85, while its lowest point was on February 24 at $7.67.
Here, we can see a decrease in value of $5.18 or by 40%. At $8.45, UNI is a solid buy as it can reach $10 by the end of March.
Should you buy The Graph (GRT)?
On March 7, 2022, The Graph (GRT) had a value of $0.33.
The all-time high value of The Graph (GRT) was on February 12, 2021, when the token reached a value of $2.84.
When we take a look at the performance throughout the previous month, The Graph (GRT) had its highest point on February 8, 2022, at $0.51, while its lowest point was on February 24, at $0.30.
This marked a decrease of $0.21 or 41%. With all of this taken into consideration, GRT can reach $0.45 by the end of March 2022.
Should you buy PancakeSwap (CAKE)?
On March 7, 2022, PancakeSwap (CAKE) had a value of $6.07.
The all-time high value of PancakeSwap (CAKE) was on April 30, 2021, when the token reached a value of $43.96.
Going over February’s performance, PancakeSwap (CAKE) had its highest point on February 8 at $8.60, while its lowest point was on February 24 at $5.75. Here we can see that the token decreased in value by $2.85 or by 33%.
With this in mind, CAKE can reach $7 by the end of March 2022.
The post Which DeFi tokens should you buy after Andre Cronje quits DeFi? appeared first on Invezz.
from Market Analysis – Invezz
