One of the emerging sectors in the blockchain space, Decentralized Finance (DeFi), is a blockchain-based protocol that exists to eliminate third parties such as banks and financial institutions from all financial transactions.
This guide aims to give users a detailed overview of the best DeFi coins available in the market. We will review the upcoming DeFi coins in the space and also recommend the best places to buy DeFi crypto in 2022.
The Top 5 DeFi Coins to Invest in 2022
DeFi has a total market cap of $50 billion, with over thousands of coins trading in the sector. To enable you to easily navigate through this vast space, we have found the top 5 best DeFi coins to buy in 2022.
You can see our top DeFi crypto token picks in the table below:
DeFi Coin – Overall Best DeFi Coin To Buy Lucky Block – New Gaming Crypto Coin To Check Out Mana – DeFi Project To Invest In The Metaverse Uniswap – Top DeFi Project And Liquidity Provider Yearn Finance – Earn Interest And Take loans out using DeFi
A closer look at the best DeFi tokens to buy in 2022
While choosing the best DeFi projects, you should analyze the top DeFi cryptos based on long-term growth, market capitalization, current coin price, and available exchanges.
Considering these factors, here are some of the best DeFi crypto coins to buy in 2022.
1. DeFi Coin – Overall Best DeFi Crypto Token
One of the upcoming DeFi coins in 2022, we recommend DeFi Coin as the best overall token to buy in 2022.
Operating on the Binance Smart Chain (BSC), DEFC is the native token for DeFi Swap exchange. After DeFi Swaps DEX (decentralized exchange) went live in early May 2022, the DEFC coin experienced an exponential price rise.
The DeFi Coin produced a 5x return on May 5, 2022 – trading from $0.1 to a daily high of $0.5643.
According to the DeFi Coin’s white paper, the token will play a central role in helping DeFi Swap achieve its decentralized goals.
Used as an exchange currency for users on a wallet-to-wallet basis, DEFC tokens will be essential to the DeFi Swap exchange by providing several functions:
Static rewards and long-term liquidity
Most of the time, early backers of new digital coins sell to rising ones and immediately cause the price to crash. However, DEFC avoids this by offering a “static rewards” plan.
A 10% crypto tax is charged when a user sells or exchanges the DeFi coin, which promotes long-term investment. In particular, 50% of the tax received is distributed for the purpose of exchange liquidity to support P2P transactions. The remaining 50% of the tax is distributed on a proportional basis across all DeFi coin holders.
Sign burning to reduce supply
DeFi Coin creators decided to implement a manual token burning strategy – choosing when and how many tokens to burn depending on prevailing market conditions. Thus, increasing the demand, and thus the price, of DEFC in the long run.
The DeFi Swap ecosystem is also focusing on several upcoming projects, such as the DeFi Swap app, to implement more educational content, including technical analysis, webinars, etc.
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2. Lucky Block – Upcoming New DeFi Coin To Watch
Lucky Block is an exciting new DeFi project that promotes transparency and fairness in the gaming industry using decentralized technology.
Running on the Binance Smart Chain (BSC), Lucky Block’s online crypto prize drawing system operates on smart contracts – making it globally accessible. At the center of the Lucky Block ecosystem is LBLOCK – the native digital token.
Users must hold the LBLOCK coin to purchase raffle tickets and receive the jackpot rewards to enter the online giveaway. Notably, users have also benefited from the token’s exponential growth since it amassed a presale value of $5 million by January 2022.
By the end of January, LBLOCK was officially released on Pancake Swap – one of the industry’s largest decentralized exchanges (DEX). After LBLOCK was released at an ICO of $0.00089, it rose to an all-time high (ATH) of $0.009617. This equates to a 10x price increase.
Since January, the LBLOCK has corrected to a price of $0.001358. However, the correction could be favorable for investors who want to hold the token for a long period of time. Long-term holding of LBLOCK has its advantages, especially the possibility of regular dividend payouts for users.
With an impressive trading volume of just over $1 million, Lucky Block is one of the top upcoming DeFi coins and an exciting new DeFi coin to watch in 2022.
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3. Decentraland – DeFi project to invest in the metaverse
Grayscale, a crypto investment company, states that the metaverse has the potential to reach an annual market capitalization of $1 trillion. So you should check out the best DeFi crypto and projects in this growing sector.
If you want to diversify your DeFi investments, you can check out Decentraland – a virtual reality platform powered by the Ethereum blockchain. The Decentraland platform enables users to buy, hold and trade virtual properties using MANA – the native token of Decentraland.
MANA is an ERC-20 token that can be used to make various in-game purchases and provide liquidity to the ecosystem. Performance wise, MANA was one of the best performing metaverse tokens at the end of 2021.
In November 2021, the DeFi crypto token rewarded users with almost a 600% price increase. After reaching an ATH of $5.4, MANA is trading at only $1.16 per token. However, Decentraland’s token still has a market cap of $637 million and is the 40th most valuable digital token in the cryptocurrency space.
4. Uniswap – Top DeFi project and liquidity provider
If you are looking for the best DeFi coins to buy in 2022, Uniswap is one of the top projects that comes to mind.
At its core, Uniswap is a protocol that allows buyers and sellers to exchange ERC 20 tokens without an exchange or an intermediary. Most centralized exchanges require buyers and sellers to provide liquidity to execute P2P transactions, which can be challenging for even the largest markets.
On the other hand, Uniswap does this process automatically. The protocol uses an algorithmic equation that automatically determines the exchange rate based on both tokens’ balances and the exchange pair’s demand. It allows investors to exchange tokens in a simple way.
Uniswap’s native token, UNI, is the 26th largest coin with a market cap of $4.7 billion. While UNI has corrected from a price high of $43 to just $7, it has the support of a strong ecosystem that provides easy liquidity to facilitate peer-to-peer transactions in a completely decentralized manner.
5. Demand Finance – Earn Interest & Take Out Loans Using DeFi
Yearn Finance is our next pick for the best DeFi coins to buy in 2022. This project focuses on using decentralized finance to lend peer-to-peer loans without going through any banks.
Yearn Finance offers these services through a multiple range of products and features.
APY (Annual Percentage Yield) – To determine the interest rates across different lending protocols Earn – This feature identifies the highest interest rates that users can earn by lending different assets ZAP – An instrument that ties together various trades, reducing costs and labor.
All these activities take place in the Yearn Finance ecosystem using YFI – the native digital token. Users can earn YFI tokens by locking their crypto holdings on the Yearn Finance blockchain.
This is a common practice known as “Yield Farming” – earning more cryptocurrency by locking up your existing assets in DeFi protocols.
The YFI token has a high price of $14,000 due to its limited supply of 36,368 tokens. With a market cap of $219 billion, YFI has the potential to reward users with more returns in the coming years.
Closure
Although new DeFi coins are being launched all the time, we see DeFi Coin as the most promising coin to invest in in 2022. Click the link below to buy DeFi Coin on Pancakeswap today!
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Disclaimer:
The above content is non-editorial, and BCCL hereby disclaims any and all warranties, express or implied, relating thereto, and does not guarantee, warrant or necessarily endorse any of the content.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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