- With an increase in total value locked in to DeFi protocols, analysts believe 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 rebound in DeFi protocol prices 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 predicted 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 rallying in response to increased on-chain activity 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 the surge in prices, there is an increase in the number of active users and the value locked in the protocol.
The challenge coins have not stopped working because of a challenge bear market. They have just reached very high market caps and growth has stalled. When rooms appeared with lower ceilings and higher growth ( $ SORT, $ CVX, etc) these parts worked well.
Always an opportunity when market capitalization is low and growth is high!
– Top Tick Crypto (@toptickcrypto) December 24, 2021
Over the past two weeks, the Aave price has posted gains of over 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 of $ 300 will imply a continuation of the uptrend.
The total locked-in value, considered to be market cap, has increased several times for Aave, Curve Dao, and Sushi Swap. Growth in the locked-in total value is seen as a sign of a bullish outlook from investors.
Crypto analyst and YouTuber MichaÃ«l van de Poppe predicted that 2022 could be the year of DeFi tokens.