DeFi tokens investors can consider in July: theta network, chainlink, tradecurve
Investors looking to benefit from the potential of the decentralized finance (DeFi) space can take advantage of new opportunities that continue to emerge.
In this article, we will explore three DeFi projects and tokens that investors can consider in July. They are theta network (THETA), chainlink (LINK), and Tradecurve (TCRV).
The examined market trends to offer valuable insights for investors interested in DeFi and explain why these cryptocurrencies are worth considering.
Theta Network: powering the future of video streaming
Theta Network has garnered significant attention for its innovative video streaming and content delivery approach.
In the last 14 days, THETA has surged 19.7%, with predictions pointing to possible further increases. THETA retested the 50-day EMA in the daily chart after rallying 35% from its swing low at $0.572. If buyers press higher, THETA could add to their longs, extending gains.
Currently, THETA is trading at $0.7718 with a market cap of $772 million, adding 2.31% in the last 24 hours. Some experts expect prices to reach $0.80 by the end of July.
Chainlink: bridging real-world data and smart contracts
Chainlink is a network of decentralized oracles that links smart contracts to real-world data and external APIs. The integration of Chainlink into the Celo mainnet has facilitated the creation of advanced DeFi apps by offering developers access to essential data and services.
This news sparked demand in LINK, lifting prices by 7.9% in the last trading week. The uptrend is in motion since the token is changing hands at $6.63 with a market cap of $3.5 billion, a 2% gain on the last day. Because of these factors, analysts predict LINK to reach $7 by the end of July.
Tradecurve: enhancing online trading
Theta Network and Chainlink are notable entities in the industry, while Tradecurve has also garnered attention. This hybrid trading platform offers a combination of features from centralized exchanges (CEX) and decentralized exchanges (DEX), catering to trading strategies in DeFi.
Tradecurve provides users a single account to access various derivatives, high-leverage options starting at 500:1, and a copy trading functionality. Tradecurve has the potential to surpass platforms like Robinhood. The ongoing presale for TCRV, the native token of Tradecurve, has seen significant interest, with over 12,500 registered users and more than $2.8 million raised. The project will likely raise its $20 million target at this pace.
Currently priced at $0.018, early adopters participating in the presale are up 80%. The upcoming Stage 5 of the Tradecurve presale will see TCRV prices rise to $0.025. Analysts speculate that TCRV may yield further gains once it is listed on prominent exchanges, contributing to their positive outlook on the token.
For more information about the Tradecurve presale:
Click here to buy TCRV presale tokens
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