Top DeFi tokens not to miss on May 17

Beefy.Finance BIFI/USD, Maker MKR/USD, and Liquity LQTY/USD are tokens with huge potential for growth.

Beefy Finance added vaults and stablecoin liquidity pools. Specifically, it introduced a quad-stablecoin liquidity pool composed of USDD/BUSD/USDT/USDC, integration with the Oasis Network, and 12 new vaults. 

According to data by Santiment feed, on May 14, 2022, Maker (MKR) saw major whale activity and saw its largest spike in $100K+ transactions which increased the asset’s value by 21%.

Liquity’s official Twitter page announced that with their 0.8 testing, they surfaced as the DeFi project with the highest security standards in the space as of May 17, 2022.

All of these developments can lead to an increase in value across all of these tokens.

Should you buy Beefy.Finance (BIFI)?

On May 17, 2022, Beefy.Finance (BIFI) had a value of $789.33.

The all-time high of Beefy.Finance (BIFI) was on March 16, 2021, when the token reached a value of $4,116.95.

When we look at its performance last month, Beefy.Finance (BIFI) had its highest point of value on April 1 at a value of $1,817.38, while its lowest point was on April 30, when the token had a value of $1,211.08. 

This marked a decrease in value of $606.3 or 33%. However, with the recent developments, at $789.33, BIFI is a solid buy as the token can climb to $1,000 by the end of May 2022.

Should you buy Maker (MKR)?

On May 17, 2022, Maker (MKR) had a value of $1,656.55.

When we look at its all-time high, Maker (MKR) had its ATH on May 3, 2021, with a value of $6,292.31.

Going over the performance of the token throughout the previous month, Maker (MKR) had its highest point of value on April 5, with a value of $2,494.25. Its lowest point was on April 30, when the token decreased to $1,498.93.

This marked a decrease in value of $995.32 or by 40%.

Since then, the token has increased in value to $1,656.55, and with the latest updates, it can reach a value of $1,800 by the end of May 2022, making it a solid buy.

Should you buy Liquity (LQTY)?

On May 17, 2022, Liquity (LQTY) had a value of $1.7202.

Going over the token’s all-time high, Liquity (LQTY) had its ATH on April 5, 2021, with a value of $146.94. 

Looking at how Liquity (LQTY) performed last month, the token had its highest point of value on April 3, at a value of $3.0701. Its lowest point was on April 30 at $1.5686.

Here we can see that the token decreased in value by $1.5015 or by 48%. With this in mind, at $1.7202, LQTY is a solid buy as it can reach $2.8 by the end of May 2022.

The post Top DeFi tokens not to miss on May 17 appeared first on Invezz.