Ryan Selkis, the head of Messari, has announced that his company is breaking free from the SEC and is now waging a war against it. This is huge news as it could bring more attention to the DeFi market.
In this environment, traders are turning to these five DeFi coins that have a lot of potential: DTX Exchange (DTX), Avalanche (AVAX), Chainlink (LINK), Injective (INJ) and Fantom (FTM). DTX Exchange stands out as it is still a rookie now in Stage 2 of its presale. However, it has soared by 100% and may become the next 100x DeFi crypto in 2024.
DTX Exchange (DTX): One of the Best New DeFi Projects
DTX Exchange (DTX) has been described as the fastest-growing DeFi project this year. Its ongoing presale has raised over $850K so far and certain projections indicate this number will reach $1M before July 2024 ends. Crypto Nitro, a reputable crypto YouTuber, has endorsed the project, claiming that it can easily become one of the biggest DeFi coins.
What makes DTX Exchange unique is its revolutionary hybrid trading model. This model combines the best of CEX and DEX into one platform – allowing users to trade more than 120K asset classes, including bonds and cryptos. Besides, DTX Exchange doesn’t demand any sign-up KYC checks, which ensures traders’ anonymity, thus addressing the needs of millions.
The DTX utility token is a vital component of the DTX Exchange ecosystem. With this DeFi coin, holders earn governance voting rights, access to advanced analytics tools and reduced trading fees. Also, those who buy $100 of DTX during its presale enter a $1M giveaway. DTX Exchange will reward ten lucky people with $100K each in this giveaway.
This DeFi coin’s price is $0.04 as it is in Stage 2 of its presale. This is a 100% increase from its starting price of $0.02. But it will reach $0.06 once Stage 3 begins—a 50% ROI for all those who buy it now. Thanks to its ties to the $133T bonds market, experts remain bullish for DTX’s long-term growth. They foresee a 100x surge once a Tier-1 CEX lists DTX in Q3 of 2024.
Avalanche (AVAX): New Gamestarter Collaboration
Next, we will discuss Avalanche (AVAX). Recently, Avalanche announced a major collaboration with Gamestarter to bring GameChain to the people. Gamechain is an L1 solution designed to help with the creation of Web3 games. Thanks to this development, interest in the Avalanche crypto will also rise.
This DeFi coin has been on an uptrend as its value soared nearly 100% in the past 12 months. Moreover, Avalanche is now trading above its 100-day EMA while having 12 technical indicators in the green. Because of all this bullish Avalanche news and indicators, market analysts foresee a rise in its value to $30 within Q3 of 2024.
Chainlink (LINK): Bottom Is In for This DeFi Coin
Our analysts have also noticed that Chainlink (LINK) is a significant force in the DeFi market. According to CoinMarketCap data, the price of LINK increased by over 110% on the YTD charts. Moreover, crypto analyst AMCrypto claims that this DeFi coin has reached its bottom and bounced back perfectly. Thus, he predicts a potential surge to $73 for LINK soon.
The technical analysis of the Chainlink coin supports this claim. For example, LINK trades above its 100 and 200-day EMAs while ten technical indicators are in the buy zone. As a result, experts have made a bullish Chainlink price prediction. They forecast a potential jump to $15.42 for this DeFi crypto before Q3 of 2024 ends.
Injective (INJ): Trading Volume Reaching New Highs
Injective (INJ) is second-to-last on our top DeFi crypto list. Recently, Injective revealed a major milestone may soon come. In their new X post, Injective revealed that they are reaching a two-month ATH in daily trading volume with $34.7B. This achievement shows the level of interest that traders have in Injective crypto.
The Injective coin value movement has jumped over 150% in the past 12 months. Additionally, INJ trades above its 100-day EMA while seven technical indicators are flashing green. Market analysts note all this Injective news and indicators when making their price predictions. Thus, they predict a rise to $22 for INJ within Q3 of 2024.
Fantom (FTM): Good DeFi Coin To Keep an Eye On
Last, we will discuss Fantom (FTM) – another DeFi coin riding a bullish wave. On the YTD chart, the Fantom price increased by over 60%, per CoinMarketCap data. Crypto analyst Poseidon also remains bullish for this DeFi coin. His X post claims that the Fantom crypto is worth watching as it may soar to $2.61 soon.
From a technical analysis perspective, Fantom’s future also appears bright. For instance, FTM is now trading above its 200-day EMA, as six technical indicators are in the buy zone. Because of this, experts foresee a surge to $0.53 before Q3 of 2024 ends in their Fantom price predictions.
Final Remarks on the Top DeFi Projects With the Most Potential
As Messari CEO Ryan Selkis declares war on the SEC, the DeFi market is bound to see a surge in interest. In this environment, DTX Exchange, Avalanche, Chainlink, Injective and Fantom will thrive. However, DTX Exchange stands out. This rookie has a lower market cap and connections to many trillion-dollar financial markets.
As a result, DTX will soar much faster than its peers while maintaining its stability. If you wish to buy one of the top DeFi coins, follow the links below.
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