As the DeFi market evolves, traders seek promising tokens that could provide massive returns. With June 2024 here, several DeFi coins should do better than the cycle itself and register gains that are incredible. Today, we will look closer at the top 8 of them. Let’s begin.
The 8 Top DeFi Coins in June
Here are some of the top DeFi Coins this month:
- DTX Exchange (DTX): The top DeFi coin to buy this month as it could rise by 50x.
- Chainlink (LINK): A major partnership may trigger a rally for this DeFi project.
- Ethena (ENA): Makes history in the DeFi market.
- Avalanche (AVAX): Another DeFi coin trading in the green.
- Fantom (FTM): A powerful force in the DeFi market.
- THORChain (RUNE): A DeFi token riding a bullish wave.
- Uniswap (UNI): Price will increase in the summer of 2024.
- Lido DAO (LDO): One of the best DeFi coins.
Let’s go over all these DeFi coins in greater detail.
1. DTX Exchange (DTX)
Our analysts have placed DTX Exchange (DTX) at the first spot on our top DeFi crypto list. The presale alone has provided early buyers with a 100% ROI and is expected to grow another 50% during its next stage. In total, the platform has generated close to $650K, with hopes of reaching $1M before June 2024 ends.
What differentiates DTX Exchange within the DeFi market is its inventive hybrid trading system that combines CEX and DEX features. By doing so, traders can engage with more than 120k classes of assets featuring up to 1000x leverage ratio. Moreover, DTX Exchange lets you trade anonymously with no sign-up KYC checks—a feature that millions of traders desire.
The DTX utility token is the backbone of this platform. This DeFi token has many benefits, such as reduced trading fees and access to advanced analytics tools. Furthermore, any holder who buys $100 worth of DTX in its presale will enter a $1M giveaway. To clarify, the DTX Exchange will reward ten lucky early buyers of DTX with $100K each.
Currently, one DTX costs only $0.04 in Stage 2 of its presale. This is a 100% rise from its starting price of $0.02. Analysts predict that once Q3 2024 sees it listed on any Tier-1 CEX, it could push this DeFi coin’s price up by 50x. Given its ties to the $133T bonds market, this price prediction seems plausible and makes DTX the best DeFi project to watch in June.
2. Chainlink (LINK)
Second on our list is Chainlink (LINK). Recently, Chainlink announced that it has partnered with Circle to help grow the utility of tokenized assets. With this development, developers can access tools needed for enhanced financial apps. This major Chainlink news is why this crypto could soar this cycle.
The value of the Chainlink coin has increased by nearly 200% in the past year alone. Additionally, this DeFi coin is now trading above its 100—and 200-day EMAs while boasting 24 green technical indicators. Thus, market analysts foresee Chainlink trading at $22 within Q2 of 2024.
3. Ethena (ENA)
Next up, we will mention Ethena (ENA). Recently, Ethena Labs saw a significant development concerning its stablecoin, USDe. Notably, its founder, Guy Young, highlighted the fact that this stablecoin has reached $3B in the fastest time in crypto history. This achievement shows the level of interest and confidence in Ethena’s stablecoin.
The Ethena crypto’s value has jumped nearly 40% in the past 12 months. Furthermore, over 17 technical indicators are now in the buy zone for this DeFi crypto. Due to all these bullish Ethena news and signals, experts in the crypto field predict that ENA will see a surge to $1.10 before Q2 of 2024 ends.
4. Avalanche (AVAX)
Avalanche (AVAX) also emerges as a good DeFi token to watch in summer. According to CoinMarketCap data, the Avalanche price surged nearly 150% on the YTD chart. Crypto analyst Ameba has also made some predictions for this DeFi coin. According to his X post, AVAX must reach a lower range level before it starts growing again.
The technical analysis of the Avalanche crypto is showing 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 Avalanche price prediction. They foresee a potential rise to $48 within Q2 of 2024.
5. Fantom (FTM)
We must also talk about Fantom (FTM) – another powerful force in the DeFi market. It recently saw a significant development as Fantom announced its partnership with Google Cloud. This partnership allows Fantom developers to build DApps using Google Cloud’s AI. Due to this Fantom news, many analysts claim its value could soar soon.
The Fantom crypto saw a price surge of over 150% in the last 12 months. With 22 technical indicators also in the green, experts remain bullish. Their predictions forecast a jump to $1.20 before the end of Q2 2024 for Fantom. This makes FTM a good DeFi coin to keep an eye on.
6. THORChain (RUNE)
THORChain (RUNE) is another crypto that has been on an uptrend in the DeFi market. According to CoinMarketCap data, the THORChain price increased over 400% in the last year alone, and its market cap surged from $350M to $2B. This bullish trend is bound to continue as interest in this DeFi coin continues to rise in June 2024.
Also, the technical analysis of THORChain shows a bullish picture as RUNE now trades above its 100—and 200-day EMAs. Experts note all these factors when making their THORChain price predictions. Therefore, they predict the THORChain coin may trade at $6.81 within Q2 of 2024.
7. Uniswap (UNI)
Second-to-last on our top DeFi crypto list is Uniswap (UNI). According to CoinMarketCap data, over the past 12 months, the Uniswap price has increased nearly 100%. Analyst Crypto Tony has also made a bullish Uniswap price prediction. In his X post, he states that this DeFi coin needs to reclaim the level of $11.40 before rising again.
Over 14 technical indicators are in the buy zone for the Uniswap coin. As UNI now trades above its 50—and 100-day EMAs, market analysts also remain bullish. They suggest that UNI could reach a value of $15 before the end of Q2 2024.
8. Lido DAO (LDO)
Last, we will mention Lido DAO (LDO). This DeFi token has seen green price charts as its value increased nearly 5% in the past 12 months. Crypto analyst Alex Clay claims that this bullish trend is bound to continue. In his X post, he foresees a potential 10x surge in the long term for this DeFi crypto.
There is also a 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 foresee a growth to $5 within Q2 of 2024 in their Lido DAO price predictions.
Final Remarks on the Best DeFi Projects This Cycle
The DeFi market is a goldmine for traders in search of high returns. DTX Exchange has especially caught traders’ attention thanks to its low market cap and ties to trillion-dollar financial markets. While Chainlink, Ethena, Avalanche, Fantom, THORChain, Uniswap and Lido DAO are all pushing the market forward, DTX has the best potential for fast and massive returns.
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