The DeFi market is rapidly rising and can offer generous profits this summer. Smart traders chase distinctive coins that can be very lucrative. Today, we will discuss the eight best DeFi coins you should buy before the summer of 2024 to experience major gains.
Here are the best 8 DeFi coins you should watch before the summer months of 2024:
● DTX Exchange (DTX) - The best overall DeFi crypto that could redefine the industry.
● Chainlink (LINK) - A unique DeFi project that is essential in the market.
● Fantom (FTM) - Another scalable blockchain platform designed for DeFi apps.
● Avalanche (AVAX) - A DeFi coin showing tremendous gains.
● THORChain (RUNE) - A noteworthy coin trading in the green.
● Ethena (ENA) - Another DeFi coin is showing bullish signs.
● Jupiter (JUP) - A Solana-based DeFi project that brings high speeds.
● The Graph (GRT) - A cryptocurrency now on an uptrend.
Now, we will dive into each of these DeFi coins in greater detail.
DTX Exchange (DTX) is a rising presale star in the DeFi space. Its value has already surged by 100%, now sitting at $0.04 in Stage 2 of its presale. Its performance has been outstanding, as it has raised over $500K so far, with projections of it reaching $1M before the end of this month.
This DeFi project revolutionizes the trading industry by combining the best CEX and DEX in one platform. With this hybrid trading model, traders worldwide experience leverage of up to 1000x for over 120K assets in complete anonymity. In other words, they access stocks, cryptocurrency and more on one exchange that does not implement KYC checks.
At the heart of this platform lies the DTX token. Holding it is vital as it will bring you access to enhanced analytics, loyalty rewards and governance voting rights if you stake it. Additionally, the DTX Exchange team has implemented many security measures and this token now boasts an audit by Solid Proof, which it passed with flying colors. This is stellar news for all new buyers.
Since many exchanges lack variety and DTX Exchange implements a wide range of trading assets, it could become a fan-favorite. Thus, it will dominate the global online trading market, projected to reach $14B by 2031. As a result, analysts foresee a 50x value jump for the DTX token in Q3 of 2024 once a Tier-1 CEX lists it - making it the best DeFi crypto.
Next up, we will mention Chainlink (LINK). Essentially, Chainlink will bring data feeds to blockchain apps which makes it an essential part of the DeFi ecosystem. Recently, this DeFi coin has been making headlines. Notably, Chainlink announced its partnership with the DTCC to increase the tokenization of traditional financial funds.
This Chainlink news may trigger a rally for this crypto, which has soared over 150% on the YTD charts. Additionally, over 20 technical indicators are in the buy zone for the Chainlink crypto. Thus, experts foresee a potential surge to $23 for Chainlink within Q2 of 2024.
Fantom (FTM) is another crypto that has made our top DeFi coin list. It is a highly scalable and powerful DeFi-focused blockchain. Users are drawn to its low fees and near-instant transaction finality.
The Fantom crypto value movement has surged over 130% in the past year alone. Additionally, over 28 technical indicators are flashing green for this DeFi coin while it trades above its 100—and 200-day EMAs. Due to all these reasons, experts have made a bullish Fantom price prediction. They predict a rise to $1.27 before Q2 of 2024 ends for Fantom.
Next, we have to mention Avalanche (AVAX), another noteworthy DeFi project. Avalanche is a decentralized platform for building custom DeFi apps. It provides high speed, low latency and a big ecosystem. This ecosystem was recently made even bigger as Avalanche announced the launch of its newest aggregator, Solar DEX.
This bullish Avalanche news could be a precursor to some significant gains. Speaking of which, this DeFi coin’s price surged nearly 150% over the past 12 months. Thanks to this fact, AVAX is now trading above its 50 and 100-day EMAs, experts remain bullish. They forecast a potential rise to $48.18 within Q2 of 2024 for Avalanche.
THORChain (RUNE) is a DeFi coin that has recently seen some green charts. CoinMarketCap data shows that the THORChain price increased nearly 500% in the past 12 months. This price surge can be attributed to the general bullish sentiment surrounding the crypto market.
Not only that, but the THORChain crypto is now trading above its 100—and 200-day EMAs while boasting 28 green technical indicators. As a result, market analysts have made a bullish THORChain price prediction. They predict RUNE will hit $5.94 before Q2 of 2024 ends.
Ethena (ENA) is another DeFi coin that is making a name for itself. Recently, Ethena Labs announced that the sUSDe APY has risen to 37.2%. This is good Ethena news as more people will benefit from it.
The Ethena crypto saw a price surge of over 5% in the past year alone. Currently, 5 technical indicators for this DeFi coin are also in the green. Because of this, analysts are bullish about Ethena—they predict it will be trading at $1.02 within Q2 of 2024. This prediction makes Ethena one of the best DeFi coins to watch.
In the second-to-last place on our top DeFi coin list is Jupiter (JUP). Based on the Solana blockchain, Jupiter is a project that combines liquidity throughout DEXs. Its main objective is to provide best trading rates and decrease slippage by aggregating liquidity from various sources.
In terms of the Jupiter price movement, it fell nearly 23% on the YTD charts. However, the technical analysis for this DeFi coin is showing bullish signs. For example, over 19 technical indicators are now in the buy zone for the Jupiter crypto. Because of this, experts have made a bullish Jupiter price prediction. They foresee a rise to $1.79 for JUP within Q2 of 2024.
Last but not least, we have to talk about The Graph (GRT). Recently, The Graph crypto has been making bullish waves in the crypto market. CoinMarketCap data shows that The Graph price surged over 150% in the past 12 months.
Not only that, but the technical analysis of The Graph is also bullish. For instance, GRT is trading above its 50 and 100-day EMAs while 26 technical indicators are flashing green. All these factors have made prominent market analysts forecast a jump to $0.50 within Q2 of 2024 in their The Graph price predictions.
While all of these DeFi coins are worth watching, one stands out—the DTX Exchange. It targets a market worth trillions of dollars. This gives DTX Exchange an advantage over Chainlink, Fantom, Avalanche, THORChain, Ethena, Jupiter and The Graph. If you wish to capitalize on its growth, sign up for its ongoing presale right now.
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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.