Tue. Sep 27th, 2022

  • Terra (LUNA), Chainlink (LINK), Uniswap (UNI), and Aave (AAVE) are all tokens that have shown solid growth.

  • Each token fulfills a solid role within DeFi and has seen great developments.

  • These are the tokens available to buy on January 17, 2022.

Decentralized finance (DeFi) has exploded in both popularity and utility in recent years.

Many tokens have attempted to introduce new solutions, some of which have exceeded expectations.

Terra (LUNA), Chainlink (LINK), Uniswap (UNI), and Aave (AAVE) are some of the best DeFi tokens to buy on January 17, 2022.

Should you buy Terra (LUNA)?

On January 17th, Terra (LUNA) was valued at $81,299.

The all-time high of the LUNA token was on December 27, 2021 when the token hit $103.34. The value of the token at its ATH point was $22,041 or 27% higher than today.

If we look at the performance of the token in December, we can see that the token had its bottom on December 14th at $52.75 while it peaked on December 27th at $102.9. That means the token is up $50.15, or 95%, in that time span.

With this in mind, LUNA can reach $90 by the end of January, making it a worthwhile buy.

Should you buy Chainlink (LINK)?

On January 17, Chainlink (LINK) was valued at $24.38.

The all-time high of the LINK token was on May 10, 2021 when it hit $52.70. This gives us an indication that the token was up $28.32 or 116% at its ATH from today.

If we look at the development of the token in December, we can see that the token recorded its highest point on December 1st with a value of $26.76, while its lowest value was on December 15th when it was trading at $17. 33 USD fell. That's down $9.43.

However, the token rose to $24.38 afterwards. If it keeps this pace, it can reach $28 by the end of January, making it a solid buy.

Should you buy Uniswap (UNI)?

On January 17, Uniswap (UNI) was valued at $16.56.

The UNI token's all-time high was on May 3, 2021 when it hit $44.92. At its ATH value point, the token was worth $28.36, or 171% higher than today.

If we look at the performance of the token in December, we can see that the token recorded its highest point on December 2nd with a value of $22.86, while its lowest point on December 17th with a value of $13.86 USD lay. That's down $9, or 39%.

Since then, the token has surged to $16.56 and has the potential to reach $20 by the end of January, making UNI a solid token to buy.

Should you buy Aave (AAVE)?

On January 17, Aave (AAVE) was valued at $227.8.

Its all-time high was on May 18 when the token touched $661.69. At its ATH, the token was valued at $433.89, or 190% higher than today.

If we look at the performance of the token in December, we can see that its bottom was on December 15 with a value of $160.05, while its high was on December 28 at $292.84. That represented a gain of $132.79, or 83%.

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

The post That is why LUNA, LINK, UNI and AAVE are the best DeFi tokens on 01/17. appeared first on BitcoinMag.de .

By Dov Herman

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.