Rabbit Finance is up 80% today: here is where to buy RABBIT coin
- What is Rabbit Finance and how does it work?
- We discuss the investment prospects for the cryptocurrency
- Find out our Rabbit Finance coin price forecast 2021
Rabbit Finance (RABBIT) crypto has surged in value by 80% today, and its trading volume is up by nearly 80% to $10.7 million. These are some serious numbers, and it is little surprise they have captured the attention of cryptocurrency investors across the sector.
However, despite this wave of interest, there has been a lack of helpful coverage from the media. This article aims to rectify that by providing you with all the key information you need to know before you invest in RABBIT coin. Find out what it is, how it works, and what our RABBIT coin price prediction is in this introductory guide.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
If you want to buy Rabbit Finance coin today, scroll down to the section immediately below. There, you can find our analysts’ list of the two best places to buy RABBIT crypto in the UK and elsewhere.
How & where to buy Rabbit Finance crypto online
If you want to buy, sell and trade Rabbit Finance tokens quickly and easily, click on one of the links below and sign up to a recommended crypto broker. They have been specially selected thanks to their low fees, quality customer service and high-quality user interfaces. Once you have signed up, simply fund your account and purchase all of the coins you want.
Here are the best platforms to buy and sell RABBIT coin right now:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
What is Rabbit Finance?
It is a cryptocurrency that runs on the Binance Smart Chain. Rabbit Finance is designed with one specific focus in mind: to allow users to partake in leveraged yield farming. The native token of Rabbit Finance is known as RABBIT.
The practice of yield farming is commenced by a user locking up liquidity pool (LP) tokens by staking them. Once they have staked LP tokens, they can receive rewards, which often come in the form of freshly minted inflationary DeFi tokens.
So, what does all this mean for the Rabbit Finance ecosystem? Well, it means liquidity throughout the network will always be maintained because users are incentivised to provide it. In addition, staking helps secure the network as a whole, which reinforces the value proposition of RABBIT coin even further.
However, Rabbit Finance doesn’t stop there; it brings the twist of leverage. This means users can borrow capital to increase the size of their staked LP position without having to stake more LP tokens outright. While this increases the user’s exposure to potential rewards, it equally ramps up the risks, but for experienced yield farmers, it can be an effective way to accelerate one’s income stream.
Should I buy RABBIT coin today?
If getting involved in leveraged yield farming to generate healthy, passive income is something that interests you, Rabbit Finance is and RABBIT tokens are definitely worth considering in more detail.
In addition, if you don’t have the technical nouse to get involved in the practice, but you still believe in the fundamental and potential success of the project, buying RABBIT crypto and holding it to speculate on future price accretion could be an effective strategy.
However, before you invest, make sure to conduct your own research and remain conscious of the elevated risks and volatility that come with investing in cryptocurrencies.
Will RABBIT coin make me rich?
Rabbit Finance price prediction 2021
Our team of analysts have conducted extensive fundamental and technical analysis, settling on the following as our Invezz RABBIT coin price prediction:
We forecast that Rabbit Finance coin could hit $3 before the end of the year, rising to $6.75 in the next 5 years.
Social media coverage of $RABBIT
For the latest on RabbitCoin and other hot cryptocurrencies, check out the Invezz news section.