You’ll need to keep track of newsletters, social media, upcoming events, overall Investor sentiment and market conditions as they change over time to determine when to buy or sell at the right time. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key. This FARM price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of FARM continues in an upwards direction with no major setbacks.įundamental analysis of Harvest Finance is crucial when predicting the price of the FARM token in the long term. Through current trends, Investor sentiment and the overall direction of the cryptocurrency market, we think Harvest Finance (FARM) has a good chance of visiting the $750 to $2,000 USD mark in 2022 as long as the trend continues and the Team continues to work on their products and partnerships.įrom 2023 to 2025 we think the price of FARM to visit the $4,000 – $10,000 USD area as the Team continues to develop their products and those products receive adoption from the target audience. Technical analysis holds more weight against fundamental analysis in determining short term FARM price movements but it’s important to acknowledge upcoming events in the coming weeks and months. Researching what the Harvest Finance Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. We think that price could reach somewhere around the $750 to $2,000 USD mark in the next few months.įundamental analysis should be a part of your analysis when creating your own Harvest Finance price prediction. Using support/resistance, trendlines, moving averages and simple indicators like the RSI, you can create a reasonably accurate Harvest Finance price prediction for 3, 6 and 12 months ahead of time. From this data you may be able to create your own FARM price prediction and trade accordingly. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen. In the following chart we can see that price has had many interactions with the areas marked in yellow, specifically at points marked by green arrows. Predicting the price of FARM can also be useful for determining sell targets if you’re already holding FARM and wondering where to sell for the highest profit. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards.
HARVEST FINANCE PREDICTION PROFESSIONAL
Consult a financial professional before making any financial decisions.Identifying levels of support and resistance are often all it takes to start creating a FARM price prediction, at least in the short to mid-term. It should not be considered Financial or Legal Advice. We are not responsible for any profit/loss.ĭisclaimer: This article is for informational purposes only. * Our predictions are made on the basis of Historical Data. Harvest Finance Price Prediction 2028 Month Harvest Finance Price Prediction 2027 Month Harvest Finance Price Prediction 2026 Month Harvest Finance Price Prediction 2025 Month Harvest Finance Price Prediction 2024 Month Harvest Finance Price Prediction 2023 Month Harvest Finance Price Prediction 2022 Month Harvest Finance Price Prediction 2021 Month Moreover, when staking, your FARM token is automatically compounded upon every interaction with the Profit Sharing Pool.ĭirectly speaking, the value of $FARM comes from the profits generated in the various deployed strategies. The price of $FARM is subject to consistent buy pressure as a result. While each strategy may farm different assets, the performance fee is used to buy $FARM on the open market, which is then distributed to those who stake in the Profit Sharing Pool. The token was bootstrap launched without any premining, venture capitalist, or investor funds, with 0 circulating supply at launch.Ī key innovation of the $FARM token is that it entitles holders to a performance fee ( currently 30% ETH and 8% BSC) taken from Harvest’s yield farming strategies. In order to provide incentives to yield farmers using the Harvest platform, the $FARM token was released when Harvest Finance launched on September 1st, 2020.
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