DeFi
The Best DeFi Coins to Outperform This Cycle and Deliver Massive Returns
As the DeFi market evolves, traders are looking for promising tokens that can generate massive returns. With June 2024 here, several DeFi coins are expected to do better than the cycle itself and record incredible gains. Today we will take a closer look at the top 8 of them. Let’s get started.
The 8 Best DeFi Coins in June
Here are some of the best DeFi coins this month:
- DTX Exchange (DTX): The best DeFi coin to buy this month as it could rise 50x.
- Chain link (LINK): A major partnership could spark a rally for this DeFi project.
- Ethena (ENA): Enter the history of the DeFi market.
- Avalanche (AVAX): Another DeFi coin trading in the green.
- Ghost (FTM): A powerful force in the DeFi market.
- THOR Chain (RUNE): A DeFi token riding a bullish wave.
- Uniswap (UNI): The price will increase in summer 2024.
- Lido DAO (LDO): One of the best DeFi coins.
Let’s take a closer look at all these DeFi coins.
1. DTX Exchange (DTX)
Our analysts have placed DTX Exchange (DTX) at the top spot on our best DeFi crypto list. The pre-sale alone provided first-time buyers with a 100% ROI and is expected to grow by another 50% in the next stage. In total, the platform has generated nearly $650,000, with hopes of reaching $1 million before the end of June 2024.
What sets DTX Exchange apart in the DeFi market is its inventive hybrid trading system that combines CEX and DEX functionality. In doing so, traders can interact with over 120,000 asset classes offering a leverage ratio of up to 1,000x. Additionally, DTX Exchange allows you to trade anonymously without registration KYC verification, a feature sought after by millions of traders.
The DTX utility token is the backbone of this platform. This DeFi token has many benefits, such as low trading fees and access to advanced analytics tools. Additionally, any holder who purchases $100 worth of DTX in pre-sale will be entered into a $1 million giveaway. To clarify, the DTX Exchange will reward ten lucky first purchasers of DTX with $100,000 each.
Currently, one DTX only costs $0.04 during stage 2 of its presale. This is a 100% increase from its starting price of $0.02. Analysts predict that once Q3 2024 sees it listed on any Tier 1 CEX, this could increase the price of this DeFi coin by 50x. Given its ties to the $133 trillion bond market, this price prediction seems plausible and makes DTX the best DeFi project to watch in June.
2. Chain link (LINK)
Second on our list is Chainlink (LINK). Recently, Advertised channel link that it has partnered with Circle to help increase the utility of tokenized assets. With this development, developers can access the necessary tools for enhanced financial applications. This major news from Chainlink is why this crypto could skyrocket this cycle.
The value of the Chainlink coin has increased by almost 200% in the past year alone. Additionally, this DeFi coin is now trading above its 100 and 200 day EMAs while benefiting from 24 green technical indicators. Thus, market analysts predict that Chainlink will trade at $22 in Q2 2024.
3. Ethena (ENA)
Next, we will mention Ethena (ENA). Recently, Ethena Labs has seen significant development regarding its stablecoin, USDe. In particular, its founder, Guy Young, highlighted the fact that this stablecoin reached $3 billion in the fastest time in crypto history. This achievement shows the level of interest and trust in the Ethena stablecoin.
The value of the Ethena crypto has jumped almost 40% over the past 12 months. Additionally, over 17 technical indicators are now in the buy zone for this DeFi crypto. Due to all these bullish news and signals from Ethena, experts in the crypto space are predicting that ENA will see a rise to $1.10 before the end of Q2 2024.
4. Avalanches (AVAX)
Avalanche (AVAX) also emerges as a good DeFi token to watch in the summer. According to data from CoinMarketCap, the Avalanche price has jumped nearly 150% on the chart since the start of the year. Crypto analyst Ameba also made some predictions for this DeFi coin. According to his postAVAX needs to reach a lower level before it starts growing again.
Technical analysis of the Avalanche crypto shows a bullish sign. For example, AVAX is trading above its 50 and 100 day EMAs while having ten green technical indicators. Thus, market analysts have made a bullish prediction for the price of the Avalanche. They forecast a potential rise to $48 in the second quarter of 2024.
5. Ghost (FTM)
We also need to talk about Fantom (FTM) – another powerful force in the DeFi market. It recently saw a significant development when Fantom announced its partnership with Google Cloud. This partnership allows Fantom developers to create DApps using Google Cloud AI. Due to this Fantom news, many analysts say its value could skyrocket soon.
Fantom crypto has seen a price rise of over 150% in the last 12 months. With 22 technical indicators also in the green, experts remain optimistic. Their forecast calls for a jump to $1.20 before the end of Q2 2024 for Fantom. This makes FTM a good DeFi coin to watch.
6. THORChain (RUNE)
THORChain (RUNE) is another crypto that is seeing an upward trend in the DeFi market. According to data from CoinMarketCap, THORChain’s price has increased by over 400% in the last year alone and its market cap has grown from $350 million to $2 billion. This bullish trend is set to continue as interest in this DeFi coin continues to rise in June 2024.
Furthermore, technical analysis of THORChain shows a bullish picture as RUNE is now trading above its 100 and 200 day EMAs. Experts note all of these factors when making their THORChain price predictions. Therefore, they predict that THORChain coin could trade at $6.81 during the second quarter of 2024.
7. Uniswap (UNI)
The penultimate in our list of DeFi cryptocurrencies is Uniswap (UNI). According to data from CoinMarketCap, over the past 12 months, Uniswap price has increased by almost 100%. Crypto analyst Tony also made a bullish prediction for Uniswap price. In his posthe states that this DeFi coin needs to regain the $11.40 level before moving higher.
More than 14 technical indicators are found in the buy zone of the Uniswap coin. With UNI now trading above its 50-day and 100-day EMAs, market analysts also remain bullish. They suggest that UNI could reach a value of $15 before the end of the second quarter of 2024.
8. Lido DAO (LDO)
Finally, we will mention Lido DAO (LDO). This DeFi token has seen green price charts as its value has increased by almost 5% over the past 12 months. Crypto analyst Alex Clay says this bullish trend is set to continue. In his posthe predicts a potential 10-fold increase in the long term for this DeFi crypto.
There is also bullish technical analysis for the Lido DAO token. Notably, LDO is now trading above its 50 and 100 day EMAs while also having 13 technical indicators in the buy zone. Therefore, experts predict growth to $5 during the second quarter of 2024 in their Lido DAO price forecast.
Final remarks on the best DeFi projects of this cycle
The DeFi market is a goldmine for traders looking for high returns. DTX Exchange has particularly attracted the attention of traders thanks to its low market capitalization and its links to financial markets worth trillions of dollars. While Chainlink, Ethena, Avalanche, Fantom, THORChain, Uniswap, and Lido DAO are all moving the market forward, DTX has the best potential for fast and massive returns.
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