Crypto

Three Reasons Why Analysts Think 2022 Will Be The Year of Aave, Curve Dao and Sushi | Cryptocurrency

  • With an increase in the total value locked in DeFi protocols, analysts believe that 2022 will be the year of decentralized financial protocols.
  • Aave, Curve Dao, and Sushi, among other DeFi protocols, have seen triple-digit gains over the past year.
  • The DeFi protocol price rally fueled a bullish narrative for 2022.

DeFi protocols have posted triple-digit gains over the past year with an increase in capital inflows, activity, and investor interest. Analysts have forecast a bull run for Aave, Curve Dao, Yearn Finance, and Sushi Swap in 2022.

Analysts predict DeFi rally in 2022

Crypto analysts have noted that DeFi tokens are recovering in response to increased activity on the chain and the influx of capital into the ecosystem. Institutional investors and large investors have invested capital in Aave, Curve Dao, Sushi, and Yearn Finance.

All four DeFi protocols have shown triple-digit growth over the past year. @toptickcrypto, a pseudonymous crypto analyst predicted further price growth for the DeFi protocol. Along with rising prices, there is an increase in the number of active users and the value locked in the protocol.

Over the past two weeks, Aave’s price has posted gains of more than 50%. AAVE / USD has rallied in recent weeks, breaking out of the downtrend. Analysts believe that in the short term, a breakout of the RSI or a support at $ 300 will imply a continuation of the uptrend.

The total fixed value, which is considered market capitalization, has increased several times for Aave, Curve Dao, and Sushi Swap. The growth of the total fixed value is seen as a sign of a bullish outlook by investors.

Cryptanalyst and YouTuber Michaël van de Poppe predicted that 2022 could be the year of DeFi tokens.

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