As the cryptocurrency market begins to embrace upward price movements, analysts set out to look for high-potential altcoin projects for the remainder of the year. JrKripto, with 154 thousand Twitter followers, is investigating 5 projects that can make high profits from the DeFi altcoin market in his recent posts.
5 DeFi altcoin projects that can be followed in 2022
DeFi projects have altcoins that fill the long-term bags of crypto money investors thanks to their staking returns. Before we dive into the details, let’s take a look at 5 potential DeFi altcoin projects that JrKripto mentioned in the tweet below.
- Aave (AAVE) is a DeFi protocol that allows users to borrow and lend cryptocurrencies.
- Maker (MKR) allows users to issue and manage DAI stablecoin.
- Curve (CURVE), DEX platform for stablecoins that uses an automated market maker (AMM) to manage liquidity.
- Synthetix (SNX), DeFi protocol that provides access to a wide variety of crypto and non-crypto assets.
- Badger (BADGER) creates products and infrastructure to simplify the use of Bitcoin (BTC) as collateral on the smart contract platform.
SUSHI, CAKE, UNI and COMP may be additional choices
One of the strongest trends of the past years has shaped around DeFi altcoin projects. According to the analyst, when such a bull run is observed again, projects such as SUSHI, CAKE, UNI and COMP can be added to the above list. JrKripto made a detailed post on the features of the projects in the tweet below.
Staking is one of the most important advantages offered by the cryptocurrency market. You can join these pools from various DEX and CEX exchanges. In the tweet below, JrKripto talks about return rates of 10-30% on a monthly and annual basis.
As for the price estimates, according to the analyst until May 3-4 16 The positive momentum gained in March can be sustained. At the Fed meeting on March 16, which we quoted as Kriptokoin.com, Chairman Jerome Powell announced his decision to increase interest rates by 25 basis points, and the crypto money market reacted upwards to this highly anticipated decision.
Popular traders, Paradotor, today updated the 2022 targets of the altcoin basket. Details can be found here.
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