With Donald Trump’s push for increased US crypto adoption, there is a lot of potential for growth in the DeFi market. Thus, traders are looking for good DeFi coins to buy. Here are eight DeFi coins that you should know about: DTX Exchange (DTX), Uniswap (UNI), Chainlink (LINK), Ethena (ENA), Lido DAO (LDO), Avalanche (AVAX), Aave (AAVE) and THORChain (RUNE).
DTX Exchange (DTX) is the best DeFi crypto right now. It is among the first platforms ever to introduce a hybrid trading platform that seamlessly combines CEX and DEX features into one system. Therefore, DTX Exchange stands out from most peers like Coinbase or Binance.
For example, DTX Exchange traders can access more than 120k asset classes, including stocks, bonds, cryptocurrencies, etc., while Coinbase only focuses on cryptos. As no sign-up KYC checks are needed, traders utilize this platform in complete privacy – something millions desire.
The main piece of this ecosystem is the DTX utility token. Several benefits are associated with holding this DeFi token, such as lower transaction fees, loyalty rewards and even access to enhanced analytics. Furthermore, all presale buyers with over $100 worth of DTX will automatically enter a $1M giveaway where ten holders win $100K courtesy of DTX Exchange.
All these benefits have made traders rush to buy this DeFi coin. Its presale has raised nearly $600K, with projections of reaching $1M before May 2024 ends. Currently, one DTX token costs just $0.04 in Stage 2 of its presale – a 100% ROI for those who bought it early. However, experts predict a 50x rise for DTX once a Tier-1 CEX lists it in Q3 of 2024.
Uniswap (UNI) is second on this list – a well-known name in this flourishing sector. Recently, Uniswap announced that its monthly L2 volume has doubled compared to 2023. It grew from $8.93B in May 2023 to $20.72B in May 2024. This is a significant accomplishment as it shows the level of attention that this DeFi project is getting.
When it comes to the Uniswap crypto value movement, it saw a jump of over 120% in the past year alone. Not only that, there are now 27 technical indicators in the green while UNI trades above its 50 and 100-day EMAs. Thanks to all this bullish Uniswap news, experts foresee a potential rise to $16.40 within Q2 of 2024.
As Donald Trump vows to bring more crypto adoption to the US, Chainlink (LINK) also emerges as a DeFi coin to watch. According to Santiment, this crypto has climbed well above $17.50 for the first time in a long time. Moreover, Chainlink saw over 11 transactions in profit for every one transaction at a loss – the highest ratio since December 8th, 2022.
This bullish Chainlink news may trigger a rally for this crypto, which has experienced a surge of nearly 170% on the YTD chart. LINK is also trading above its 100 and 200-day EMAs with 26 technical indicators in the buy zone. Prominent market analysts predict that the Chainlink coin may trade at $22 before Q2 of 2024 ends.
Ethena (ENA) is another DeFi crypto with some exciting developments. Notably, Ethena Labs revealed new updates about its Season 2, which is scheduled to end on September 2nd. These include an integration with Infinex and a new partnership with Bouncebit. As a result, ENA emerges as a DeFi coin that people should keep an eye on.
The Ethena crypto value surged over 30% in the past 12 months. Moreover, 14 technical indicators are in the buy zone for this DeFi token. Experts remain confident in its growth because of all these bullish indicators and Ethena news. They predict a potential jump to $1.33 for ENA within Q2 of 2024.
Next, we will discuss Lido DAO (LDO) – a DeFi coin that has recently made headlines. Notably, Lido DAO announced the Lido Alliance, an ecosystem of Ethereum-aligned projects built around the stETH. With this development, Lido DAO aims to keep Ethereum decentralized and fully accessible.
This Lido DAO news may cause an uptrend for this crypto, which has already experienced a 30% surge in the past year. As 27 technical indicators are also flashing green for the Lido DAO token, market analysts predict a price increase to $5 before Q2 of 2024 ends. This makes Lido DAO one of the DeFi coins to keep on your radar as Trump aims for more crypto adoption.
Avalanche (AVAX) is another DeFi token that could see a major upswing soon. According to CoinMarketCap data, the Avalanche price jumped over 150% in the last 12 months and its market cap grew from $5B to $14B in that period. As Donald Trump vows to bring the future of crypto to the US, this DeFi coin may also surge.
The Avalanche crypto can sustain this bullish momentum from a technical analysis standpoint. For instance, over 13 technical indicators are now in the green for AVAX. Thus, market analysts have made a bullish Avalanche price prediction. They predict a price increase to $47 within Q2 of 2024.
The second-to-last place on our best DeFi crypto-list is Aave (AAVE). CoinMarketCap data shows that the Aave price increased nearly 70% in the past year. Crypto analyst Alex Clay thinks this bullish trend may continue. In his X post, Clay predicts a potential 5x growth for AAVE.
The technical analysis for this DeFi coin also supports this statement. Aave trades above its 50- and 100-day EMAs while boasting 26 green technical indicators. As a result, experts have made a bullish Aave price prediction. In their opinion, AAVE could reach a value of $156 before the end of Q2 2024.
Last on our list is THORChain (RUNE), a DeFi coin riding a bullish wave. Recently, THORChain mentioned that its trading volume has soared from $380M in July 2023 to $4.2B in May 2024. According to them, this liquidity will decrease swap fees and increase arbitrage volume.
Regarding the THORChain coin value, it skyrocketed over 500% in the past year alone. Additionally, over 27 technical indicators are in the buy zone for this DeFi coin. As a result of all this bullish THORChain news and indicators, market analysts foresee a jump to $8.90 in Q2 of 2024.
While the demand for more crypto use in the US continues to rise, these popular DeFi tokens are also ready to surge. However, DTX Exchange stands out from its peers. It has a lower market cap and ties to the $133T bond market, which means that DTX has a higher growth ceiling than Uniswap, Chainlink, Ethena, Lido DAO, Avalanche, Aave and THORChain.
If you wish to buy one of the top DeFi projects right now, sign up for the DTX Exchange presale using the links below.
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