Posted 9 months ago | by Catoshi Nakamoto
Defi coins are the backbone of Defi. And putting at least one in your portfolio is never a bad idea. TokenMetrics and I took a deep dive into the Defi projects that have the best upside in price action for the rest of this bull run. The bargain bin is empty now that the bull run has restarted so it’s time to think strategically in order to make profits. You have to time your buys appropriately to make sure you can see double digit gains from these token.Read More
Let’s get it.
Welcome to Bitboy Crypto. Home of the Bitsquad, the largest crypto community in all the interwebs.My name is Ben. Every day on this channel I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. In this video we look at the top defi coin picks from TokenMetrics.
Defi is the cream in your crypto coffee. The sizzle on your staking steak. The Chill of your Netflix and Chill. It’s one of the best parts of crypto and using defi platforms to maximize your gains is the pastime of crypto champions. Token Metrics and I have crunched some numbers to figure out which projects have solid upside for the rest of this bull run. Remember none of this is financial advice, just the information you need to decide what is best for your portfolio.
Before we get into be sure to check out our 5ETH to 5 million contest. We’re growing the BitSquad to 5 million followers across the whole interwebs and you can be part of history when we get there. Click on the Gleam IO link in the description for your chance to win 5 Ethereum and thousands of dollars in other cryptos.
Number 4. Yearn Finance. We’ve been fans of Yearn for a while not just because it’s a great project that has a laser focus on it’s fundamentals but because it’s token is so unlike any other in the cryptoverse. When Yearn made the YFI governance token they intentionally made a VERY limited supply. How limited. It’s capped at just 36,666 YFI. That’s driven the price of one YFI well into the tens of thousands and at times surpassing Bitcoin in value. Just looking at the tokenomics of YFI can show you how much potential it has. The price of 1 YFI is about 40,000 at the time of this recording.
That’s a big stack of fiat, but remember you can buy portions of YFI so don’t be scared off of the whole coin price. If you do some moon math you can see that the market cap of Yearn is still quite low, just at a billion and a half dollars. Compare that with another Defi heavyweight Aave, which is sitting at 5 billion give or take a few hundred million. If YFI were to get close or surpass Aave’s markcap the price of a YFI coin would reach a staggering $151,000. That’s an upside of 270%. Those are the gains we like to see.
Number 3. Compound. One of the Defi OGs that’s seen ups and downs but mostly ups since it came out a year ago. The COMP token has never been cheap, which is the case with a lot of finance projects. There will only ever be 10 million COMP tokens in existence and at the moment just over half the total supply is already in circulation. Compoud has barely been out a year and half the supply is gone….sounds scare and valuable, hmmm. The price of one COMP is just under $500 at the recording of this video.
But remember that Defi hasn’t even had it’s moment yet. The volume of Defi has exploded his year to all time highs but we’re still way off from any sort of mainstream acceptance. So what would the price of Compound look like in the future? It’s marketcap is still ridiculously low at less than 3 billion. If Compound where to climb up the marketcap rankings with the rest of Defi in the next few years your bag of COMP could grow by over 200%. Even a project on lifesupport like XLM has a marketcap of 8 billion so it’s likely that Compound could gain or surpass that in the coming cycle or next. An 8 billion dollar marketcap would mean 1 COMP would be worth $1500. Talk about compounding gains. That’s a moon bag I want to hold on to.
Number 2. Terra. The LUNA token for the Terra network has been off the radar rencetly and not made much noise in the press or social media. That doesn’t mean it’s a dead project. Far from it. Just last year it went through an audit from CertiK and passed with flying colors. TokenMetrics has it very highly rated with potential for massive gains in the short term. The LUNATICS – they picked the name, not me – are all about some LUNA tokens because LUNA is the butter for the other part of the Terra network, it’s UST Stablecoin. LUNAs are used as liquidity providers for the UST coin so the fates of both are tied together. LUNAs are inflationary and don’t have a capped supply, but their value will go up…or down…with the adoption of Terra. But the Terra devs aren’t just a stablecoin operation. They are heavily integrated with a BitSquad favorite, COSMOS. The planet of Terra is firmly in the COSMOS and if that’s not bullish enough for you just look at who else they are partnered with- Mirror Protocol and Anchor Protocol. Two big projects with lots of development behind them that solve specific marketneeds with blockchain tech. So where does that leave the price of LUNA? Luna is a steal under $20 at the time of this recording.
But the real gravitational pull of Terra will be felt as Defi comes into it’s own…and as Stablecoins become more important to fiat on&off ramps. The marketcap of Terra is sitting at a respectable 7 billion but the circulating supply of LUNA is have of it’s total supply of 900 billion. It may be in the cards for Terra to do a LUNA burn, or introduce new utility for the LUNA token but even if neither of those scenarios play out, Terra’s continued growth seems inevitable as does it’s market cap size. The LUNA token could easily hit 30 to $50 during this cycle which would only be a 200% increase from there it is now. That’s solid gains for crypto, espcially for a token that works with a stablecoin.
Number 1. AAVE. It’s the ghostly token that has made me solid profits during this bull run. It’s so solid that I kept my bag of Aave through the June crash. Just look at it’s chart. It’s been insanely stable through all this manipulation and volatility.
And it’s token price isn’t just it’s strong suit. Aave loves making you money. It’s one of the best liquidity protocols out there. It offers so much it only makes sense that it’s become a Defi powerhouse. You can Borrow, Deposit, Swap Tokens and Stake AAVE on it’s DAPP. The gains are solid and it’s integration with Polygon has really helped the platform to haunt many corners of crpyto. AAVE is a deflationary token that is capped at 16 million and it’s circulating supply is just over 81%. There isn’t much AAVE left out there. It’s market cap is still low considering how much potential it has and the price of 1 AAVE is well off it’s all time high back in may of 666.86. But even with a little bump in market cap the token price of AAVE could shoot back up and surpass $1000 without breaking a sweat. That’s a gain of 185% for those of you keeping score.
So go forth and conquer. Make the most of this bull run while we have some run up time left. But remember these tokens during the bear market too. They have the fundamentals and market presence to weather the winter and come back strong when the bulls return. Plus you can use their platforms to make gains ontop of your gains. Thanks again to Token Metrics and their fantastic data. Be sure to use check out our deal for Tokenmetrics at Bitboycrpyto.com/deals.
That’s all I got. Be Blessed. Bitboy out.