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MicroStrategy's financial statements for the second quarter of 2024 show an increase in its Bitcoin holdings. The company now has 226,500 BTC, making it one of the biggest corporate owners of Bitcoin. This statement has strengthened faith in Bitcoin and created a buzz in the DeFi market.
In this environment, , Aave (AAVE), Avalanche (AVAX), Chainlink (LINK) and THORChain (RUNE) are set to rise significantly. While most are top DeFi projects, DTX Exchange is a Stage 2 presale star that has soared by 100%. Market analysts hint that this rookie could become the next 50x DeFi crypto in 2024.
DTX Exchange (DTX) is emerging as a shining presale star. Its performance has been stellar, with over $1.2M raised so far, while projections indicate it could hit the $2M level before August 2024 ends. DTX Exchange's ability to conquer multiple trillion-dollar financial markets has been mentioned by some of the biggest crypto influencers, such as the Crypto League.
CEX and DEX are combined in a unique way through DTX Exchange's hybrid trading model, which distinguishes it from other exchanges. With this revolutionary design, traders can access an incredible 120K different asset classes like gold, FX and cryptos using leverage as high as 1000x. Furthermore, no KYC checks are required, meaning complete anonymity for all.
At the heart of the DTX ecosystem is its utility token. By holding this DeFi coin, traders can access advanced analytics tools and reduced trading fees. Moreover, traders who buy $100 of DTX during its presale will enter a $1M giveaway. DTX Exchange will reward ten lucky traders with $100K each in this giveaway.
Early buyers of DTX are now seeing a 100% ROI, which is quite impressive. Its current price is $0.04 in Stage 2 of its presale. However, it will rise to $0.06 once Stage 3 begins - another 50% jump. Due to all these factors, market analysts predict a 50x surge for DTX once it hits Tier-1 exchanges in Q3 of 2024, making it the best DeFi crypto.
Next, we will discuss Aave (AAVE), a powerful force in the DeFi market. Recently, Lookonchain noted that whales have been aggressively accumulating Aave. The data indicates that in just two days alone, whales withdrew more than 58,848 AAVE worth $6.47M from exchanges.
This bullish Aave news could cause an uptrend for this crypto. Speaking of which, the Aave coin value increased by over 80% in the past year alone. This DeFi coin is also trading above its 50 and 100-day EMAs while having 26 green technical indicators. As a result, market analysts foresee a jump to $133 for AAVE before Q3 of 2024 ends.
Avalanche (AVAX) is another DeFi project with some exciting developments. Mark Cuban had some words after the California DMV announced they would digitize 42M car titles on the Avalanche blockchain. According to his X post, this is huge for crypto as millions will have an app with an Avalanche wallet, which could normalize its use among "normies.
The Avalanche crypto value movement rose nearly 100% in the past 12 months. Also, around eight technical indicators are showing green signals at the moment while AVAX trades above its 100—and 200-day EMAs. Due to all this bullish Avalanche crypto news and indicators, experts predict its value will reach $29 within Q3 of 2024.
As one of the top DeFi projects, Chainlink (LINK) has also been trading in the green. According to CoinMarketCap data, the Chainlink price increased nearly 65% in the past year alone. Furthermore, analyst LINK Collector states that this DeFi coin is changing the finance landscape and can potentially blow past $100 this cycle.
The technical analysis for the Chainlink crypto backs up this prediction. For instance, LINK trades above its 200-day EMA while having six technical indicators in the buy zone. Other market analysts have also made a positive Chainlink price prediction. They forecast a potential hike to the $15 level before Q3 of 2024 ends for LINK.
Last, we will mention THORChain (RUNE) - a DeFi crypto under bull control. On the YTD chart, the THORChain price jumped over 310% as per CoinMarketCap data. Prominent analyst CryptoJack also made a bold statement about this coin. According to his X post, RUNE is retesting the support at $4 and may see a big bounce, resulting in a 2x rally.
From a technical analysis perspective, the THORChain crypto future also appears bright. For example, RUNE trades above its 200-day EMA, with five technical indicators in the buy zone. As a result, other experts also forecast a rise to $5 within Q3 of 2024 in their THORChain price prediction.
MicroStrategy's latest financial results and continued accumulation of Bitcoin highlight growing trust in cryptocurrencies as a valuable asset class. This has increased interest in DeFi coins with DTX Exchange, Aave, Avalanche, Chainlink and THORChain, which are ready for big gains.
DTX Exchange stands out among them as it has a much lower market cap and ties to multiple flourishing financial markets (like the $1.4T FX one). In other words, DTX will see a faster price surge as it needs fewer new funds and remains more stable in volatile markets. If you wish to buy the best DeFi crypto right now, sign up for its presale using the links below.
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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.
