Analysts pick 5 coins that could be the best DeFi cryptos this summer
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In the rising DeFi market, there are numerous cryptos in play. Finding one that may explode in value soon can be difficult. However, analysts have listed the best DeFi coins that may surge this summer.
The top DeFi projects right now
● DTX Exchange (DTX): The overall best DeFi coin at the moment, with a potential to reach $1 soon.
● Chainlink (LINK): Another major DeFi coin riding a bullish wave.
● Avalanche (AVAX): A DeFi crypto that has experienced over 150% growth in the past year.
● Lido DAO (LDO): A good Q1 metrics report may trigger a rally.
● Uniswap (UNI): Vows to defend the DeFi market.
Now, we will review all of the DeFi coins in more detail and determine their future. Let’s begin.
DTX Exchange (DTX): A promising DeFi project
DTX Exchange (DTX) is experiencing a boost in the DeFi market thanks to its ongoing presale. This presale has given early buyers 100% ROI while also raising over $500,000 so far. Projections suggest a jump to $1M before the end of May. This DeFi project is gaining worldwide attention from traders.
DTX Exchange introduces a new type of hybrid trading platform that combines features from CEX and DEX. Thus, it allows users access to more than 120,000 asset classes, including stocks, bonds, cryptos, etc. Additionally, traders gain unmatched leverage of up to 1000x, meaning they can increase their gains while minimizing their risks.
This entire system revolves around DTX, its utility token. Holding it will reduce trading fees, give you access to loyalty rewards, and provide advanced analytics. Those who buy it now will also enter the $1M giveaway that DTX Exchange will soon launch. DTX Exchange will reward ten lucky DTX holders with $100,000 each.
Such benefits have made traders rush to buy DTX in Stage 2 of its presale. It costs just $0.04 but will jump to $0.06 once Stage 3 goes live. This is a 50% ROI for those that buy it now. Its long-term growth potential is excellent, thanks to its ties to the $133T bond market. Experts foresee this DeFi coin reaching $1 once a Tier-1 CEX lists it in Q3 of 2024.
Inmortal: A Chainlink (LINK) ETF may soon come
As one of the top DeFi coins, Chainlink (LINK) has recently been riding a bullish wave. Over the past 12 months, the Chainlink coin value has grown nearly 180%. Crypto analyst Inmortal also made a bullish statement. In his X post, Inmortal suggests that a Chainlink ETF could come after the Bitcoin and Ethereum ETF approvals.
The Chainlink crypto trades above its 100- and 200-day EMAs and has 26 technical indicators suggesting a buy signal. Given these bullish Chainlink news and indications, analysts expect LINK to hit $24 by Q2 2024.
Jonathan Carter: A bullish movement may happen for Avalanche
Per CoinMarketCap data, Avalanche is one of the best DeFi projects, surging approximately 180% YTD. Another crypto analyst, Jonathan Carter, also shares bullish sentiments for AVAX. In his X post, he predicts a significant upward move after a breakout happens for this DeFi coin.
This Avalanche price prediction is supported by its technical analysis. In other words, the Avalanche coin is currently trading above its 50 and 100-day EMAs. Additionally, over 16 technical indicators are flashing green for this crypto. As such, top market analysts expect Avalanche to hit $58 by Q2 2024 close.
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 the Geth usage rate dropped from 67% to 46%. Also, the report showed a drop in the use of public cloud, which was 46% and is now 40%. This means that Lido DAO is moving away from depending on certain platforms.
When it comes to the Lido DAO token value movement, it rose nearly 20% on the YTD charts. Additionally, over 20 technical indicators are in the buy zone for this DeFi coin. Because of all this Lido DAO news, experts foresee LDO reaching a value of $5 within Q2 of 2024. This makes LDO one of the best DeFi coins to watch this summer.
Uniswap (UNI): Prepared to defend the DeFi market
The recent popularity of Uniswap (UNI) as a DeFi coin is hard to ignore. Recently, Uniswap made a blog post declaring that it would battle against the SEC after receiving a Wells notice. In this document, they explained why the SEC should not take legal action and argued that their assumptions about it are wrong.
This Uniswap news might make more people interested in this crypto. According to CoinMarketCap data, UNI has increased in value by almost 90% over the last year alone. Also, at the moment, 26 technical indicators fall within the buy zone for Uniswap. Therefore, many experts believe the Uniswap coin may reach $11 by the end of Q2 2024.
Final thoughts on the top DeFi projects this summer
Overall, these DeFi coins may skyrocket soon. However, DTX Exchange stands out from Chainlink, Avalanche, Lido DAO and Uniswap since it is so early in its development.
Additionally, it has a low market cap while entering the trillion-dollar bond market. All these factors make DTX the best DeFi coin, as it may surge much faster and higher.
To learn more about this project, visit the DTX presale website or join the community
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
