Harvest Finance is a decentralized financial protocol that focuses on versatility and ease of management. In other words, it is a protocol that provides profit aggregator services from other decentralized protocols. The main purpose of the platform is to collect automatically the best return from the underlying assets deposited by the user.
FARM is the proprietary token of the Harvest Finance platform. It plays the management and economic role. This token acts as an incentive to use the protocol, offering investors a fee based on the activity of Harvest Finance.
Harvest Finance Roadmap
On September 1, 2020, the Harvest Finance protocol and the FARM token were launched with the main goal of encouraging users to engage in profitable farming within the framework of the protocol. One of the main innovations of this asset was that it gave owners the right to receive performance fees on the protocol. The profitability, in this case, depends on the chosen investment strategy.
At this stage, there is no roadmap available on the platform’s official website. Answering the question about the roadmap, the team claims that their main task is to provide the easiest and most convenient way to get benefits:
Crypto community about FARM
Some crypto enthusiasts currently believe in an incredible increase in the price of the FARM token in the near future.
However, there are those who have invested in FARM and now think they made a mistake.
FARM Price Prediction 2021
FARM Price Prediction 2022
As of 12/11/2021, TradingBeasts analysts suggest that by the end of 2022 the price of FARM could be as low as $131 and high as $192. In turn, DigitalCoinPrice predicts that the average price will be $236 at the beginning of the year and $248 at the end of the year.Walletinvestor makes an even more positive forecast for the FARM price, presumably in 2022 the price could reach more than $300.
FARM Price Prediction 2023
As of 12/11/2021 According to Walletinvestor, the FARM price will range from $288 to $320 at the end of 2023. According to TradingBeasts, the price of a token at the end of the year can be as low as $150 and maximum at $221. DigitalCoinPrice experts have calculated the approximate average price at the end of the year – $291.
FARM Price Prediction 2025
As of 12/11/2021, based on DigitalCoinPrice, it can be traced that at the beginning of 2025 the average price of the FARM token could be $534, and by the end of the year it could drop to $402. Walletinvestor provides data that the token price will be approximately $290-300 by the end of the year.
FARM Price Prediction 2030
As of 12/11/2021, CryptocurrencyPricePrediction.com makes the most optimistic FARM forecast for 2030. According to the service, the token price could rise to $ 748,000 by the end of the year.
FARM Historical Price Analysis
As of 12/11/2021:
All-time high – $2,236.04 (Sep 02, 2020)
All-time low – $26.29 (Jun 14, 2021)
In September 2020, FARM was traded at $420 per token. Then the price was adjusted to $132. And soon it skyrocketed to $265 again. In October 2020, the platform was hacked, the price dropped to $80.
In mid-April 2021, there was another soar to $350.
In mid-February 2021, the price of the token soared to $400 again. The next leap was when the cryptocurrency was listed on the CoinBase exchange on July 29, then the price climbed to $240.
And after trading on this cryptocurrency began on August 11, 2021 on Binance, its price soared to $300.
Although this platform appeared quite recently, it has already managed to gain the attention and trust of users due to the coordinated actions of the team. Today Harvest Finance is one of the fastest-growing and largest DeFi aggregators. It is worth noting that in October 2020, even after being hacked, the platform was able to stay on the market and get out of this situation with dignity. However, users should always be careful and make their own research when supporting the project.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
