Monat: Oktober 2022

Decentralized Finance (DeFi) has had a tough performance in 2022 as the total value locked (TVL) has crashed from over $180 billion to about $54 billion. Similarly, DeFi tokens like Uniswap, Maker, Spell Token, and SushiSwap have crashed. Here are the top blue-chip crypto tokens to invest in for the long term.

Uniswap price outlook

Uniswap is the biggest decentralized exchange (DEX) in the world that processes billions of dollars on a daily basis. It is a platform that makes it possible for people to buy and sell cryptocurrencies in a decentralized manner. 

Like other exchanges, Uniswap has had a difficult year as cryptocurrency prices have crashed. As a result, the daily volume of all coins it processes has crashed to more than $300 million. At its peak, the network processed coins worth billions of dollars every day.

Uniswap has seen its total value locked (TVL) crash from more than $9 billion to about $5.2 billion. The UNI has crashed by more than 85% this year. Still, there is a likelihood that the Uniswap price will rebound in the coming months. 

Maker price outlook

Maker is another blue-chip DeFi protocol in the blockchain industry. It is the biggest DeFi platform in the world with a TVL of more than $7.4 billion. At its peak, Maker had a TVL of almost $20 billion. And unlike other DeFi protocols, Maker exists in one chain; Ethereum. 

Maker is known for providing a stablecoin known as Dai. Dai is an algorithmic stablecoin that is valued at more than $6.7 billion. The stablecoin is used to make payments and as an investment where users deposit it in exchanges and earn a return.

Maker is a good blue-chip token because of its strong market share in the industry and the stability of the ecosystem.

How to buy Maker

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy MKR with Binance today

Aave price outlook

Aave is a leading platform in the decentralized finance (DeFi) industry. It is a platform that seeks to become a substitute to a bank in that it enables savings and borrowing. Users deposit their tokens and earn a return. 

It also provides a non-custodial place for people to borrow capital and pay it with interest. At the time of writing, Aave has over $8.3 billion locked in Aave across 7 networks like Ethereum, Avalanche, Polygon, and Optimism among others.

Aave is a good blue-chip DeFi crypto to invest in because of its strong market share and the fact that it is seeing strong user growth. 

How to buy Aave

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy AAVE with eToro today Disclaimer

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

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