In an unexpected twist, Republican Senator Roger Marshall has pulled his endorsement for an anti-crypto bill he helped create alongside Senator Elizabeth Warren in 2022. Thus, the crypto market has seen some big moves recently and whales are starting to look towards exciting DeFi projects.
In particular, five different coins, DTX Exchange (DTX), Avalanche (AVAX), Chainlink (LINK), Aave (AAVE) and THORChain (RUNE), have been gaining lots of attention. While most are well-established DeFi coins, DTX Exchange is a Stage 2 presale star that has soared by 100%. Market analysts hint that this rookie could become the next 50x DeFi coin in 2024.
DTX Exchange (DTX): One of the Most Promising New DeFi Projects
The new sensation in the DeFi market is DTX Exchange (DTX). It has already raised $1.1M in its presale and is expected to reach $2M by August 2024. Even big influencers like Crypto Legends from YouTube have taken note. Some of them are stating that DTX Exchange’s hybrid trading model could revolutionize online trading as we know it.
This model combines aspects of CEX, such as higher liquidity with over 120k asset classes like FX, stocks and cryptos, with DEX ones, like no KYC checks being required for sign-up. Such a privacy-focused system would likely attract millions of traders. Not only that, traders will experience transaction speeds as fast as 0.04 seconds, which is a big advantage over its rivals.
The DTX utility token acts as the backbone of this ecosystem. Holding this DeFi coin will bring you many advantages, like access to advanced analytics tools, reduced trading fees and governance voting rights. Moreover, there will be a $1M giveaway, where ten lucky people who bought $100 worth of DTX during its presale will walk away with $100K each.
Currently, 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. However, its value will rise by 50% once Stage 3 begins. Due to all these reasons, market analysts predict a 50x surge for DTX once a Tier-1 CEX lists it in Q3 of 2024—making it the best DeFi crypto for many whales.
Avalanche (AVAX): A Rally Incoming
Next, whales are noticing Avalanche (AVAX), a powerful force in the DeFi market. Over the past 12 months, the Avalanche price increased nearly 120%, according to CoinMarketCap data. Crypto analyst Blockchainedbb claims that this bullish trend will continue. His X post predicts a potential surge to $90 in 2025.
The technical analysis for the Avalanche crypto supports this statement. For instance, AVAX trades above its 100-day EMA with ten green technical indicators. As a result, experts in the crypto field forecast a surge to $39 before Q3 of 2024 ends in their Avalanche price prediction.
Chainlink (LINK): New Wenia Integration
Chainlink (LINK) is another of the top DeFi projects that has recently made headlines. Notably, Chainlink announced that Wenia, which is part of Bancolombia Group, is now using the Chainlink Proof of Reserve to secure its COPW stablecoin. This development is a big milestone for Colombia in the digital asset landscape.
The Chainlink crypto value has jumped nearly 80% in the past year alone. This DeFi coin trades above its 100—and 200-day EMAs while having four technical indicators in the buy zone. Due to all this bullish Chainlink news and indicators, experts forecast it will trade at $18 within Q3 of 2024.
Aave (AAVE): Introducing a New Tokenomics Proposal
Aave (AAVE) has also captured whale attention in the DeFi market. Recently, Aave revealed a new temp check for a tokenomics proposal that will include a fee switch and a token buy-back program.
This bullish Aave news may trigger a rally for this crypto. AAVE’s value has surged over 40% on the YTD chart. Moreover, around 25 technical indicators are flashing green for this DeFi crypto as it trades above its 100-day EMA. Because of all these factors, market analysts foresee the Aave crypto value reaching $113 before the end of Q3 2024.
THORChain (RUNE): Major Analyst Remains Bullish
Last, we will discuss THORChain (RUNE). According to CoinMarketCap data, the THORChain price has surged over 400% in the past 12 months. Crypto analyst Shelby states that this upward trajectory has the potential to continue. His X post predicts a potential jump to the $10 level soon for RUNE.
When it comes to the THORChain crypto technical analysis, it boasts 20 technical indicators in the green while trading above its 100—and 200-day EMAs. Experts take note of these factors when making their THORChain price prediction. Thus, they foresee a jump to $6.30 for RUNE within Q3 of 2024.
Final Thoughts on the Best DeFi Coins
As Roger Marshall withdraws his support for the anti-crypto bill, DTX Exchange, Avalanche, Chainlink, Aave and THORChain may spearhead the next DeFi market expansion. They all have tremendous growth potential, but DTX Exchange stands out. This rookie has a lower market cap than its peers and connections to many trillion-dollar financial markets.
In other words, DTX will soar much faster on the price charts as it needs a smaller influx of new funds and may remain stable in the long run. If you wish to capitalize on its growth, sign up for the DTX Exchange presale and buy this DeFi coin before its value skyrockets.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
