Decentralized finance is tipped to be the next big thing in the cryptocurrency and blockchain technology arenas.
Put simply, the phenomenon refers to projects that aim to provide traditional financial services – such as loans, savings accounts, and asset exchanges, but without requiring a third-party intermediary.
In this video, we analyze the best DeFi coins to buy in 2022 so that you can enter the decentralized finance space while it is still in its infancy.
All the projects we are going to present to you today, are safe, reliable, and profitable for everyone.
Watch this video till the end so you don't miss anything.
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The first Defi project which, in our opinion is safe, stable, and reliable is Uniswap. This project represents the true definition of decentralized finance, insofar that it is home to an innovative exchange platform that allows traders to swap tokens on a peer-to-peer basis. In other words, in buying and selling crypto assets via Uniswap, no centralized party is required.
This is in stark contrast to the industry norm, which is dominated by large centralized crypto exchanges such as Binance, FTX, and Coinbase. All of which sit between buyers and sellers – making huge commissions along the way. In the case of Uniswap, the exchange doesn’t utilize traditional order books to match market participants.
Instead, the platform is home to an automated market maker – or AMM, model. In its most simple form, Uniswap’s AMM will set token prices based on a wide variety of variables – such as volume, demand, and market capitalization. This allows for a smooth and burden-free way of trading cryptocurrencies in a decentralized manner.
In terms of its native Defi coin – UNI, the project is a top 30 digital asset by market capitalization. When the token was first launched on public exchanges in 2020, you would have paid in the region $7. Year-to-date 2022, UNI has hit highs of over $17. This represents a growth of over 140%. With that said, investors will be looking for a return to the $40+ region that UNI hit in 2021.
If you want to invest in a long-term Defi project, you should consider buying UNI.
#2: The Graph
Next up on our list of the best Defi coins to watch in 2022 is The Graph.
The Graph is behind an innovative piece of technology that allows blockchain networks to ‘index’ data. This simply means that blockchains can efficiently store and extract data – such as transactions and mining logs, without overloading the network. At the time of this recording, it is claimed that more than 25 blockchains are currently using The Graph’s technology for this purpose.
And, for these blockchains to index their data, they must use the GRT token to pay for transactions. Looking at its price action since launching in late 2022 – where the GRT token was priced at $0.21, the digital asset has since hit highs of over $2.30. This represents a growth of over 750%. GRT is, however, available at a discount in early 2022 at less than $0.10 per token. Its decline is due to the bear market. But the Graph remains a Defi project with a solid foundation for the long term.
The fact that its price is quite low right now is an opportunity to buy its coin at the lowest price.
The next project to consider from our list of the best Defi coins for 2022 is Yearn.finance. This project specializes in decentralized financial services – which at the time of this recording, focuses on peer-to-peer style loans. By this, we mean that Yearn.finance forms a bridge between borrowers and lenders without requiring a centralized middleman.
This is made possible through smart contract technology – whereby everyday consumers can use Yearn.finance to borrow capital without needing to go through a credit check process. These loans are funded by investors that wish to earn a yield from their idle cryptocurrency holdings.
And in doing so, investors will earn an attractive rate of return. Yearn.finance also allows investors to provide liquidity for trading pairs, which, again, provides an APY that far outweighs anything offered by traditional banks and financial institutions. In terms of investing in the Yearn.finance project – you can do so by purchasing its Defi coin – YFI.
CoinMarketCap notes that YFI was first launched on public exchanges back in July 2020 at an initial price of $907. Since then, the YFI token has hit highs of over $93,000. This translates into gains of over 10,000%.
This means that there was a time when this token was much more valuable than bitcoin.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
Another major benefit of this Defi coin is that at just over 36,000 tokens – the total supply of this digital asset is extremely limited. At the time of this recording, the YFI token is worth $6800. This is your last chance to get this token at this price.
So, investing in this project might be an opportunity that you do not want to miss. That's why Yearn.finance is on our list of the best Defi projects to watch.
#4: Kyber Network
And the next one is Kyber Network.
Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols.
It is a decentralized protocol that provides Defi coins with much-needed liquidity. The reason that this is a problem that needs solving is the Defi coin trading scene is somewhat fragmented – meaning that tokens are spread across multiple exchanges – such as Uniswap, Pancakeswap, SushiSwap, Curve, SpookySwap, and more.
With that said, Kyber Network is able to extract deep liquidity from all of the aforementioned platforms – which ensures that Defi coins provide sufficient market conditions for buyers and sellers. At the time of this recording, Kyber Network is trading at a market capitalization of under $257 million, so there is plenty of upside potential left on the table.
The token went on a 500% bull run to hit $5.7, from a 2022 low of $1.1. It’s currently retracing some of that move, potentially before further continuation to the upside.
And the last Defi project to watch on this list is going to be Cosmos.
This is the top-Rated Defi Coin Protocol Offering Blockchain Interoperability.
Cosmos is another top-rated Defi coin that you might consider adding to your investment portfolio. This project offers an innovative solution to the age-old problem of blockchain interoperability. By this, we mean that the underlying Cosmos protocol allows competing blockchains to talk with one another.
And as such, this would allow Bitcoin, for example, to share and extract data from the Ethereum blockchain – and vice versa. This promising concept has resulted in Cosmos becoming one of the sought-after Defi coins of 2022.
In terms of performance, ATOM – which is the native digital token of Cosmos, was trading at just over $21 in the 12 months prior to this recording. Fast forward to early 2022 and the ATOM token is now trading at around $30 – representing gains of over 35%.
And since then, it has dropped to $10 in this bear market. So if you want to take advantage of it, you should buy it now.
We believe in the long-term potential of this project. So, in our opinion, Cosmos is a good project if you are looking for a safe and profitable investment. That's why it's on our list of the best Defi projects to watch this year.
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