DeFi
Check out BlackRock CIO’s crypto ETF predictions and top DeFi coin picks by Whales
The cryptocurrency market is abuzz with news that BlackRock CIO Samara Cohen said that by next year, cryptocurrency ETFs will be included in “model portfolios.” As more institutions start investing in the DeFi market, whales are expected to look for promising cryptocurrencies that offer high returns.
Here are five of those gems: DTX Exchange (DTX)Avalanche (AVAX), Aave (AAVE), Chainlink (LINK), and THORChain (RUNE). While most of these are well-established DeFi tokens, DTX Exchange is a star of the Phase 2 presale that has surged 100% so far. Some analysts suggest it could become the next 50x crypto in 2024.
DTX Exchange (DTX): Among the Most Promising DeFi Projects
Whales around the world are increasingly attracted to DTX Exchange (DTX)This pre-sale has already raised over $1.1 million and is on track to reach $2 million before the end of August 2024. Such excellent performance has caught the attention of influencers like YouTuber Crypto Infinitywho believe DTX Exchange could be the next big DeFi crypto.
Unlike most online trading platforms, DTX Exchange stands out with its hybrid trading model that combines the best CEX and DEX features into one. Thus, traders can access 120,000 asset classes like gold, cryptocurrencies, and stocks at a leverage rate of up to 1,000x. Moreover, no KYC checks are required upon registration, which means complete privacy for all individuals.
The primary token of the DTX Exchange ecosystem is the utility token called DTX. It offers governance voting rights, reduced trading fees, and access to advanced analytics tools to those who hold it. To encourage more purchases, DTX Exchange said that those who purchase $100 worth of DTX during its presale will be entered into a $1 million contest where ten people will win $100,000.
DTX is now priced at $0.04 in the second stage of its presale, a 100% increase from its starting price of $0.02. However, this price will reach $0.06 once the third stage begins. For all these reasons, market analysts predict a 50x increase for DTX once a Tier 1 CEX lists it in Q3 2024. This prediction makes DTX one of the best new DeFi projects that could skyrocket soon.
Avalanche (AVAX): an increase is possible soon
Next, whales are focusing on Avalanche (AVAX), a powerful force in the DeFi market. According to CoinMarketCap DataAvalanche price has surged by over 100% in the past year alone. Crypto analyst AMCrypto also made a bullish statement about this DeFi coin. His post X claims that AVAX is seeing higher highs and could soon surge alongside Solana.
The technical analysis of the Avalanche crypto confirms this claim. For example, AVAX is trading above its 100-day and 200-day EMAs with eight green technical indicators. As a result, other experts also predict its value to reach $33 before the end of Q3 2024 in their Avalanche price prediction.
Aave (AAVE): a V3 swimming pool reserved for lidos approved
Aave (AAVE) is another DeFi project that has been making headlines. Recently, Approved by Aave Labs a V3 pool designed for Lido’s stETH and wstETH. This development will soon allow the deployment of additional custom pools.
The value movement of Aave crypto has surged by 40% on the YTD chart. Moreover, around 26 technical indicators are in the buy zone for AAVE as it is trading above its 50-day and 100-day EMAs. Due to all these bullish news and indicators of Aave, market analysts are predicting a rise to $120 during the third quarter of 2024.
Chainlink (LINK): new integration of 21Shares
Chainlink (LINK) is another DeFi cryptocurrency making waves. For example, 21 shares announced that it has integrated Chainlink Proof of Reserve on Ethereum, which will increase the transparency of the 21Shares Core Ethereum ETF reserves.
This exciting news regarding Chainlink could lead to an uptrend for this coin. In this regard, the price of this DeFi coin has increased by more than 75% on the YTD chart. Moreover, the Chainlink crypto is now trading above its 100-day and 200-day EMAs. Therefore, experts predict that its value will reach $17 before the end of Q3 2024 for Chainlink.
THORChain (RUNE): Major Analyst Remains Bullish
Finally, whales are paying attention to THORChain (RUNE). CoinMarketCap Data shows that the price of THORChain has increased by over 400% in the past year alone. Crypto analyst Crypto Gorilla also made a bold claim about RUNE. According to his post Xtraders should HODL RUNE as it will have a new ATH before Bitcoin.
From a technical analysis perspective, the future of THORChain cryptocurrency also looks promising. Notably, RUNE is trading above its 100-day and 200-day EMAs while having 20 green technical indicators. As a result, market analysts have made a bullish price prediction for THORChain – reaching $6 during the third quarter of 2024.
Final Thoughts on Major DeFi Coins
Many whales gravitate towards DTX Exchange, Avalanche, Aave, Chainlink, and THORChain. However, they have noticed that DTX Exchange has some advantages. For example, DTX has a lower market cap than its peers and connections to several multi-trillion dollar financial markets such as the $133T bonds.
In other words, this rookie could skyrocket much faster than the rest of the DeFi coins and remain more stable even in volatile situations. If you want to capitalize on its growth, sign up for the DTX Exchange presale using the links below.
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