Over $200 million was locked in within decentralized finance (DeFi) projects during Q1 2022, highlighting the remarkable growth that this area of the cryptocurrency market has experienced. Along with this growth have come numerous exciting projects that look to disrupt legacy systems – with DeFi Coin being the latest to attract the media’s attention.
This guide discusses our in-depth DeFi Coin price prediction, covering everything you need to know about the project and its value potential before showing you how to invest in DeFi Coin today – all in a matter of minutes. DeFi Coin Price Prediction 2022
The DeFi Coin token price is currently hovering around the $0.3578 level, following some remarkable bullish momentum over the past few weeks. Let’s dive in and take a look at the coin’s prospects over the longer term, ensuring you have an idea of the type of returns that a DEFC investment could generate: End of 2022: Now that DeFi Swap is in operation, DeFi Coin should naturally experience higher demand for services such as swapping and staking. Over time, this demand should help push DEFC higher – with our prediction noting that the price could reach $0.65 by the end of 2022.
End of 2023: The growth trend that the DeFi sector is on shows no signs of stopping, which will likely draw more and more investors away from legacy financial systems. Should this occur, our DEFC price prediction estimates the coin could be worth $0.95 by the end of 2023.
End of 2025: In the years ahead, DeFi Coin and DeFi Swap will likely continue to expand within the DeFi space, offering more and more ways for investors to generate yields on their holdings. The price of DeFi Coin should naturally rise in tandem with this expansion, leading us to forecast that DEFC could be worth $1.40 by the end of 2025.
Cryptoassets are a highly volatile unregulated investment product. DeFi Coin Price History
Although DeFi Coin was launched back in May 2021, it has had a rocky road since then, mainly due to developmental delays in its partner decentralized exchange (DEX). However, now those delays are a thing of the past, DeFi Coin looks set to be one of the best altcoins for 2022. With that in mind, let’s look at what DEFC is and how price got to this point.
Put simply, DeFi Coin is a BEP-20 token that is part of the DeFi Swap ecosystem – one of the best DeFi exchanges on the market. Within the ecosystem, DeFi Coin is used for various services, such as token swapping, staking, and yield farming. In addition to these services, investors have also used DEFC to gain exposure to the growth of the DeFi Swap exchange.
Investors who buy DeFi Coin for speculative purposes can also benefit from the token’s innovative ‘static rewards’ mechanism. Whenever someone buys or sells DEFC, a 10% transactional tax is levied on the position. A total of 50% of the collected amount is re-distributed back to the remaining DEFC holders – creating a steady stream of passive income.
An added benefit is that this transactional tax also incentivizes investors to hold the token long term. This reduces the intraday volatility caused by large buy or sell orders, which can wreak havoc on other investors’ positions. Thus, DeFi Coin will likely appeal to investors with a wide range of risk tolerances.
As touched on earlier, although DeFi Coin was initially launched in mid-2021, its growth has been hampered by delays in the launch of the DeFi Swap exchange. The token’s price did remain above the $1 level until August 2021, at which point the value plummeted and began a steady bearish trend which lasted around nine months.
However, this all changed in May 2022, when the price of DeFi Coin rocketed over 300% in one day following the launch of the DeFi Swap exchange. As the native token of the platform, DEFC naturally benefitted from this launch, with investors eager to get their hands on the coin to gain exposure to the DEXs growth. Ultimately, this trend shows no signs of stopping, making DEFC one of the most exciting coins on the market at present.
Before wrapping up this section, here’s a quick overview of the key points to bear in mind regarding DeFi Coin and its journey so far: Launched in May 2021
Remained above $1 until August 2021 and then began a steep decline
Gradually trended downwards for the next nine months
Began skyrocketing in May 2021 following […]
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