DeFi
Analysts Select 5 Coins That Could Be Top DeFi Cryptos This Summer
Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.
In the growing DeFi market, there are many cryptocurrencies at stake. Finding one whose value could soon explode can be difficult. However, analysts have listed the top DeFi coins that could rise this summer.
The best DeFi projects right now
● DTX Exchange (DTX): The best DeFi coin around, with the potential to hit $1 soon.
● Chain link (LINK): Another major DeFi coin riding a bullish wave.
● Avalanche (AVAX): A DeFi crypto that has grown over 150% in the past year.
● Lido DAO (LDO): A good report on first quarter indicators could trigger a rally.
● Uniswap (UNI): Committed to defending the DeFi market.
Now we will take a closer look at all DeFi coins and determine their future. Let’s get started.
DTX Exchange (DTX): A promising DeFi project
DTX Exchange (DTX) is experiencing growth in the DeFi market thanks to its ongoing presale. This pre-sale offered first-time buyers a 100% return on investment while raising over $500,000 to date. Projections suggest a jump to $1 million before the end of May. This DeFi project is attracting the attention of traders around the world.
DTX Exchange introduces a new type of hybrid trading platform that combines the functionality of CEX and DEX. Thus, it allows users to access more than 120,000 asset classes, including stocks, bonds, cryptos, etc. Additionally, traders benefit from unrivaled leverage of up to 1,000x, meaning they can increase their gains while minimizing their risks.
This entire system revolves around DTX, its utility token. Keeping it will reduce trading fees, give you access to loyalty rewards, and provide advanced analytics. Those who buy it now will also participate in the $1 million giveaway that DTX Exchange will launch soon. DTX Exchange will reward ten lucky DTX holders with $100,000 each.
Such benefits have made traders rush to buy DTX during the second stage of its presale. It only costs $0.04, but will increase to $0.06 once phase 3 begins. This is a 50% return on investment for those who buy it now. Its long-term growth potential is excellent, thanks to its ties to the $133 trillion bond market. Experts predict that this DeFi coin will reach $1 once a Tier 1 CEX lists it in Q3 2024.
Inmortal: a Chainlink ETF (LINK) could arrive soon
As one of the leading DeFi coins, Chainlink (LINK) has been riding a bullish wave recently. Over the past 12 months, the Chainlink coin has increased in value by almost 180%. Crypto analyst Inmortal also made an optimistic statement. In his postInmortal suggests a Chainlink ETF could come after the Bitcoin and Ethereum ETF approvals.
The Chainlink crypto is trading above its 100 and 200 day EMAs and has 26 technical indicators suggesting a buy signal. Given this news and bullish indications from Chainlink, analysts expect LINK to reach $24 by Q2 2024.
Jonathan Carter: A bullish move could happen for Avalanche
By CoinMarketCap data, Avalanche is one of the top DeFi projects, up around 180% year to date. Another crypto analyst, Jonathan Carter, also shares bullish sentiments for AVAX. In his postit predicts a significant upward movement after a breakout for this DeFi coin.
This Avalanche price prediction is supported by its technical analysis. In other words, Avalanche coin is currently trading above its 50 and 100 day EMAs. Additionally, more than 16 technical indicators are flashing green for this crypto. As such, leading market analysts expect Avalanche to reach $58 by the close of Q2 2024.
Lido DAO (LDO): VaNOM Q1 report causes rally
Recently, Lido DAO has seen some exciting developments. Notably, Lido DAO revealed its VaNOM Q1 2024 report, which showed that Geth’s usage rate had fallen from 67% to 46%. Additionally, the report shows a decline in public cloud usage, which was 46% and is now 40%. This means that Lido DAO is moving away from dependence on certain platforms.
Regarding the movement of the Lido DAO token value, it has increased by almost 20% on the charts since the beginning of the year. Additionally, more than 20 technical indicators are in the buy zone for this DeFi coin. Due to all this Lido DAO news, experts predict that LDO will reach a value of $5 during the second quarter of 2024. This makes LDO one of the best DeFi coins to watch this summer.
Uniswap (UNI): ready to defend the DeFi market
The recent popularity of Uniswap (UNI) as a DeFi coin is hard to ignore. Recently, Uniswap created a blog post stating he would fight the SEC after receiving notice from Wells. In it, they explain why the SEC should not take legal action and argue that their assumptions about this are wrong.
This news from Uniswap could get more people interested in this crypto. According to data from CoinMarketCap, UNI’s value has increased by almost 90% in the last year alone. Additionally, at present, 26 technical indicators are in the buy zone for Uniswap. Therefore, many experts believe that Uniswap coin could reach $11 by the end of Q2 2024.
Final thoughts on the best DeFi projects this summer
Overall, these DeFi coins could skyrocket soon. However, DTX Exchange stands out from Chainlink, Avalanche, Lido DAO, and Uniswap because it is in its early stages of development.
Additionally, its market capitalization is low as it enters the trillion-dollar bond market. All these factors make DTX the best DeFi coin because it can rise much faster and higher.
To find out more about this project, visit the DTX presale site Or join the community
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.