A deep look into the crypto market will reveal a visible pattern of bullish sentiment for notable top DeFi coins in the industry. While most experts can see the growth in retrospect, the key to making a profit is detecting and investing in DeFi coins that have a strong road map and with the potential for future growth.
In view of this, this article curated 5 best DeFi tokens that harbor strong potential for growth in the short and long term.
KangaMoon – A meme ecosystem where enthusiasts can interact and also earn through its play-to-earn protocol
Chainlink – A blockchain layer that facilitates the connection of universal smart contracts, including secure interaction with external data feeds.
Polygon – An Ethereum scaling infrastructure that allows the building of multiple types of DApps.
Near Protocol – A cloud computing platform that improves upon the shortcomings of rival blockchains, such as low transaction speed, poor interoperability, and poor user interface
Filecoin – A decentralized storage protocol that aims to store valuable information.
Having highlighted the functionality of the different crypto projects on review, here's a deep analysis of each of the tokens and why experts believe they have significant growth potential.
KangaMoon (KANG) is one of the emerging top DeFi coins that is currently making waves in the market while still at the presale. KangaMoon is a play-to-earn ecosystem where members can earn rewards from playing the games on the Kangaverse. Also, there's an interactive forum for meme enthusiasts to keep in touch.
Amid the growing popularity of Solana-based meme coins, KangaMoon has continued to overshadow them with a massive growth trajectory. For context, KangaMoon has seen over 180% growth since the start of the presale, placing it among the best DeFi coins in the market.
Also, the KANG presale has raised over $4M so far while eyeing $4.5M in the next few days. Given KANG's impressive 291% growth so far, experts are projecting over 800% growth for the DeFi project before the end of its presale. In view of this, now may be the best time to buy the KANG token to position for the potential price surge.
At the price of only $0.0196, KangaMoon represents a top crypto investment alternative that comes at a cheap price point with massive growth potential. There's also a 10% presale bonus that further boosts a buyer's portfolio.
As a result of Chainlink's seamless integration of smart Contracts with off-chain data, notable data providers are collaborating with Chainlink to import their data into the blockchain. As an open-source protocol, Chainlink allows node operators, smart contract developers, and researchers to participate and contribute to the growth of the network.
Meanwhile, Chainlink is witnessing a bullish performance in the crypto market, having gained over 10% in price value within the last week. Notably, the token has gained over 179% in a year-to-date price metric. At the current trajectory, Chainlink's price is likely to reach $50 before December, making it one of the top DeFi tokens to buy and HODL for long-term profits.
Polygon prides itself on the first-ever Ethereum scaling infrastructure, raising Ethereum's network into a full-fledged multichain protocol. Polygon boasts over 65,000 transactions per second on a single chain, ensuring a seamless transaction execution.
In the crypto market, the Polygon token is looking to maintain support above the $1 mark. With over 6% growth for the token in the last week, the Polygon price has surged past the $1 mark. While the token is struggling to stabilize at the $1 support zone, there are strong bullish signals, given the token's growing trading volume over the last week.
Near Protocol is a layer one cloud computing that is community-run and aims to create and maintain high transaction speed, strong Interoperability, and a user-friendly interface. With Near Protocol, founders aim to secure and manage high-value assets.
Near Protocol market performance has shown a growing momentum, given the token's 83% growth over the last month. Similarly, the token has gained over 290% in a year-to-date price chart, staying within a distance of reaching the $10 mark. There's substantial indication that Near Protocol may establish support above the $10 mark in the coming days based on the increasing market activity. The Surging momentum has put the Near Protocol token among the crypto experts' pick of the best DeFi coins to watch out for in the coming months.
Filecoin is an open-source protocol that aims to store data in a decentralized system. With the leverage of a decentralized system, Filecoin ensures that the data in its possession are protected yet easily retrievable and hard to sensor.
Meanwhile, the crypto market has been favorable to Filecoin in recent weeks. As shown in the market stats, Filecoin started its current rally in February, amassing over 14% over the last month. More price rally is expected for Filecoin in Q2. Some analysts are optimistic of the Filecoin price reaching $20 in the coming months. This makes it one of the top DeFi coins to invest in now.
DeFi coins are digitized versions of fiat currencies. They are often a means of legal tender in certain blockchains in exchange for access to on-chain services. Also, DeFi coins can be traded for profit in the crypto market. The market cap of DeFi coins is valued at above $114 billion so far in the crypto market, with more growth projections.
DeFi coins can be profitable. However, a detailed analysis of key market indicators is required to figure out which token is likely to rally in the future. Alternatively, investors can read articles like this one, which looks into the 5 top DeFi coins to invest in based on expert analysis.
Overall, all the top DeFi coins highlighted in this article have shown significant bullish signals. Among the listed tokens, KangaMoon is perhaps the standout crypto project, given its massive potential at just presale. Its cheap price point makes KANG an attractive investment alternative for traders. That said, diversifying one's investment portfolio is a good investment practice to implement.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://KangaMoon.com/
Join Our Telegram Community: https://t.me/KangaMoonofficial
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.