Harvest Finance Price Up by 57% – Time to Buy FARM Coin?

Staking proved to be a profitable sort of investment for millions of users within the digital asset market which is known to be an inconsistent and volatile area of finance. Many yielding aggregators set the stage this year that contributed to the booming success of DeFi coins.

But Harvest Finance, a multi-chain yield aggregator platform remained one step ahead of the market fluctuations. Harvest Finance is available on three different and equally famous blockchains including Ethereum. Binance Smart Chain, and Polygon.  

Currently, Harvest Finance is trading at a 66.5% uptrend that continues to take the project further into a 7-day top gainer among all the DeFi coins available. In the past 24hrs, the price of FARM, its Ethereum-based token has changed to 84%.

FARM Goes Into Bullish Zone as Rewards Go Live in Bear Season

Being a yield aggregator, Harvest Finance allows users connected to its multi-chain platform to make the most of their returning rewards by staking digital assets on several different types of projects active within the DeFi ecosystem.

Harvest Finance is complete with its one-of-a-kind native utility token called FARM which is used for staking (given to users as performance fee rewards for sharing their digital assets in the profit-sharing pools), liquidity mining so that users can provide LP on other decentralized exchanges, and as a governance token that means if you are FARM token holder, then you could create and vote on governance proposals. 

Simply put, this yield aggregator is giving people the chance to put their idle digital assets into staking to receive substantial rewards during the bearish season. FARM tokens, on the other hand, serve as yield optimizers moving funds around the DeFi ecosystem and generating yields received by users. 

Right before Christmas, Harvest Finance shared an update that mentioned claims of vested rewards to go live. Since then, the project is seeing an overwhelming bullish rally that is enough to carry it into the league of market-leading DeFi coins for the time being.

According to one of the leading crypto data providers, CoinMarketCap, Harvest Finance is exchanging hands at $192 which is about 94% more than its previous mark. The 24h trading volume for FARM is $368.7 million. It is available for buy/sell/trade on some of the most popular crypto exchanges like Coinbase and Binance. The total circulating supply is close to 655,000 FARM which is 95% of its total supply. 

The market capitalization of Harvest Finance has reached $125.6 million as of now with a clear indication of typical hold time for 7 days. Trading activity shows 80% of the market participants are currently buying FARM and 20% of them are currently selling.

FARM Technical And Fundamental Analysis

When we look at FARM’s market performance based on the technical and fundamental analysis, it is clear to see that for the past week and the next, Harvest Finance is well into the strong buy zone.

A total of 7 reliable technical indicators which includes both oscillators and moving averages put FARM in a solid position making a profitable entry point that would bring promising returns in the coming weeks. 

Except for the Relative strength index (50.1) which is neutral, the momentum (44.9), exponential moving average (143.4), and simple moving average (134.4) are urging market participants to assume an entry position in FARM.

As the total value locked for Harvest Finance moves above $300~ million, there is a lot to unfold in the coming days.

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