DeFi
Messari CEO Declares Independence From SEC; Top 5 DeFi Cryptocurrencies For Massive Returns
Messari CEO Ryan Selkis announced that his company is breaking free from the SEC and is now waging 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 newbie now in Phase 2 of its presale. However, it has surged 100% and could 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 $850,000 so far, and some projections indicate that this figure will reach $1 million before the end of July 2024. Crypto Nitroa renowned crypto YouTuber, has endorsed the project, saying it can easily become one of the largest DeFi coins.
What makes DTX Exchange unique is its revolutionary hybrid trading model. This model combines the best of CEX and DEX on a single platform, allowing users to trade over 120,000 asset classes, including bonds and cryptos. Additionally, DTX Exchange does not require any KYC checks upon registration, ensuring the anonymity of traders, thus meeting the needs of millions of people.
The DTX utility token is a vital part of the DTX Exchange ecosystem. With this DeFi coin, holders gain governance voting rights, access to advanced analytics tools, and reduced trading fees. Additionally, those who purchase $100 worth of DTX during its presale are entered into a $1 million contest. DTX Exchange will reward ten lucky winners with $100,000 each as part of this contest.
The price of this DeFi cryptocurrency is $0.04 as it is in Phase 2 of its presale. This is a 100% increase from its starting price of $0.02. But it will reach $0.06 once Phase 3 begins, representing a 50% ROI for anyone who buys it now. With its ties to the $133 trillion bond market, experts remain optimistic about DTX’s long-term growth. They predict a 100x increase once a Tier 1 CEX lists DTX in Q3 2024.
Avalanche (AVAX): new collaboration with Gamestarter
Next, we will talk about Avalanche (AVAX). Recently, Avalanche announced a major collaboration with Gamestarter to bring GameChain to the masses. Gamechain is an L1 solution designed to help create Web3 games. With this development, interest in Avalanche crypto will also increase.
This DeFi cryptocurrency has been on an upward trend, with its value increasing by almost 100% over the past 12 months. Moreover, Avalanche is now trading above its 100-day EMA while having 12 technical indicators in the green. Due to all these bullish news and indicators regarding Avalanche, market analysts are predicting its value to rise to $30 in the third quarter of 2024.
Chainlink (LINK): Bottom is reached for this DeFi coin
Our analysts have also noticed that Chainlink (LINK) is a significant force in the DeFi market. According to CoinMarketCap DataLINK price has increased by over 110% on the YTD charts. Additionally, crypto analyst AMCrypto Statements that this DeFi coin has bottomed out and bounced back perfectly. Thus, he predicts a potential surge to $73 for LINK soon.
The technical analysis of the Chainlink cryptocurrency confirms this statement. For example, LINK is trading above its 100-day and 200-day moving averages, while ten technical indicators are in the buy zone. As a result, experts have made a bullish price prediction for Chainlink. They foresee a potential jump to $15.42 for this DeFi cryptocurrency before the end of Q3 2024.
Injective (INJ): Trading volume reaches new highs
Injective (INJ) is the penultimate on our list of the best DeFi cryptos. Recently, The injection revealed A major milestone could be coming soon. In their new X post, Injective revealed that they hit a two-month ATH in daily trading volume with $34.7 billion. This achievement shows the level of interest traders have in the Injective cryptocurrency.
Injective coin’s value movement has surged by over 150% in the past 12 months. Moreover, INJ is trading above its 100-day EMA while seven technical indicators are flashing green. Market analysts are taking note of all these news and indicators for Injective when making their price predictions. Thus, they are predicting a rise to $22 for INJ in the third quarter of 2024.
Fantom (FTM): A Good DeFi Cryptocurrency to Watch
Finally, we will discuss Fantom (FTM) – another DeFi coin that is riding a bullish wave. On the YTD chart, Fantom’s price has increased by over 60%, compared to CoinMarketCap DataCrypto analyst Poseidon also remains bullish on this DeFi coin. His post X says Fantom crypto is worth watching as it could soon hit $2.61.
From a technical analysis perspective, Fantom’s future also looks bright. For example, FTM is now trading above its 200-day EMA as six technical indicators are in the buy zone. For this reason, experts predict a rise to $0.53 before the end of Q3 2024 in their Fantom price prediction.
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 likely 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 smaller market cap and connections to many multi-trillion dollar financial markets.
As a result, DTX will skyrocket much faster than its peers while maintaining its stability. If you want to buy one of the best DeFi coins, follow the links below.
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