Top 5 DeFi Coins That May Boom In 2023

The crypto market has been in a steady downtrend for more than a year now and has tumbled numerous crypto coins by a significant amount. As a result, some of the Top DeFi Coins are heavily discounted, offering an entry opportunity for investors to grab them at cheap rates. Here is a list of coins that may offer massive returns in 2023.

Uniswap(UNI)

Source- Tradingview

Amid the ongoing downtrend, the Uniswap(UNI) price can have tumbled 87.06% from its all-time high of $44.97. Currency, this altcoin trades at the $5.8 mark and is trapped in an eight months consolidation.

If this consolidation ends on a bullish note, the investors may witness an upswing to $13.7 by the end of the first Quater of 2023. A breakout from this resistance will signal a possibility for significant recovery, which may lead prices to $31.5 by the two following quarters.

Chainlink(LINK)

Source-Tradingview

The Chainlink coin price currently trades at $6.5 and witnesses an 87.6% loss from the All-time high of $52.8. However, the coin price has been resonating in a rectangle pattern for the past eight, and a breakout from its $9.6 could trigger a significant recovery.

If the market sentiment improves in 2023, this DeFi token could surpass $30 by the mid-year.

Aave(AAVE)

Source-Tradingview

From its all-time high of $666.86, the AAVE price has witnessed a downfall of 91.17 and currently trades at the $58.8 mark. However, the buyers defended the $50 psychological support, which bolstered a sideways rally in the monthly chart.

If the bullish momentum replenished bullish momentum at this support, a breakout from $115 would be an early sign of recovery. A breakout from the mentioned level may push the price to $250 by mid-2023.

Fantom(FTM)

Source-Tradingview

The Fantom coin witnessed an aggressive downfall after hitting an All-Time high of $3.48 in October 2021. The falling price registered a 93.47% loss and plummeted the prices to their current price of $0.22.

However, the altcoin shows a sluggish sideways movement above $0.194, indicating the exhausted bearish momentum. Furthermore, a potential upswing from mentioned support may push the price to the breached support of 0.786 Fibonacci retracement level at $0.8.

A breakout from this barrier may bolster a significant recovery that may reach the $1.75 mark by late 2023.

Curve Dao(CRV)

Source-Tradingview

The Curve Dao coin price plunged 91.4% from the Jan 2022 high of $6.8. Amid this downfall, the coin price retested the $0.4 mark and showed sustainability above this long-coming accumulation zone.

If the CRV price bottom at this support, the investor could witness an upswing to the $1.57 barrier by the end of the 2023 first quarter. A bullish breakout from this resistance will be a key milestone to achieve, as it could bolster a price rally to surpass $3.5 in the coming year.