Are UNI, AAVE, CAKE and COMP the best yield farming tokens you can get?

Are UNI, AAVE, CAKE and COMP the best yield farming tokens you can get?

Uniswap UNI/USD, Aave AAVE/USD, PancakeSwap CAKE/USD, and Compound COMP/USD are classified as yield farming tokens.

Today, we are going to go through each token individually and see if they are worth getting.

Should you buy Uniswap (UNI)?

On April 15, 2022, Uniswap (UNI) was worth $9.63.

Uniswap (UNI) all-time high was on May 3, 2021, when the token reached a value of $44.92.

When we review the value of the token over the previous month, Uniswap (UNI) had its lowest point in value on March 15 at $8.19.

Its highest point of value was on March 31 at $12.32. Here we can see that the token increased in value by $4.13 or 50%.

With this in mind, UNI is a solid buy, as it can hit $15 at the end of April.

Aave (AAVE) all-time high was on May 18, 2021, when the token reached a value of $661.69.

When we look at how the token performed last month, Aave (AAVE) had its lowest value point on March 7 at $114.5.

Its highest point was on March 30 at $239.98. Here we can see that the token increased in value by $125.48 or 109%.

With this in mind, we can expect the token to reach a value of $200 by the end of April.

Should you buy PancakeSwap (CAKE)?

On April 15, 2022, PancakeSwap (CAKE) was worth $8.02.

The all-time high for PancakeSwap (CAKE) was on April 30, 2021, when the token reached a value of $43.96.

Reviewing the performance of the token in March, PancakeSwap (CAKE) had its lowest value on March 15 at $5.36, while the highest was on March 31 at $9.45. This was an increase of $4.09 or 76%.

With this in mind, we can expect CAKE to reach a value of $12 by the end of April 2022.

Should you buy Composite (COMP)?

On April 15, 2022, Compound (COMP) was worth $142.44.

Compound (COMP) all-time high was on May 12, 2021, when it reached a value of $910.54.

When looking at how well the token did in March, Compound (COMP) had its lowest value point on March 13 at $98.64, while its highest point was March 31 at $162.9.

Here, we can see that the token increased in value by $64.26 or 65%.

With this in mind, we can expect COMP to reach a value of $180 by the end of April, making it a solid buy.

Samuel Edwards
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