With the decentralized finance sector forming part of the larger Web3 ecosystem, users are being allowed to leverage the sector for financial independence. However, it is always a tough task for users to identify the top DeFi tokens that can guarantee profits.Â
As such, we’ve curated a list of top DeFi tokens with the potential to skyrocket investors’ earnings, particularly in the bull market season. Let’s dive in.
Below is a snippet of the top DeFi coins that can be purchased right now. In the latter sections, we dive deep into each token to justify why they have been picked.
- KangaMoon – A DeFi coin blending social interaction with elements of the play-to-earn model.
- Solana – Currently one of the best performing DeFi coins along with its meme coins.
- Avalanche – An Ethereum rival enabling decentralized applications and custom blockchain networks.
- Jupiter – The newly launched platform making blockchain safe and accessible to all.
- Arbitrum – A layer 2 blockchain for Ethereum that provides better scalability.
Evaluating The Best DeFi Tokens To Invest inÂ
Here, we take a deep dive into each curated list of the top DeFi coins so that investors can do their research on them. However, the projects boast strong use cases and have huge growth potential.
KangaMoon – A Gaming Token Blending Social Interaction With Elements of the Play-To-Earn Model
KANG is a newly emerged DeFi coin that has taken the DeFi market by storm. Amidst the decline in the price value of Solana-based meme coins, KangaMoon is holding out as the preferred option for buyers.
Started presale a few weeks ago, KangaMoon has raised more than $2.5M and has rewarded early investors with over 180% ROI. At that same time, the KANG price has rocketed from $0.0050 floor price in stage 1 to $0.014 in the ongoing stage 4 of the presale. The big leap of KangaMoon has made it a major rival to the established meme coins such as Pepe and Dogecoin.Â
The KangaMoon platform provides holders of KANG with additional benefits when they join to promote the project on social media. The players are not left out in the scheme of things as they also earn rewards by participating in weekly, monthly, and quarterly challenges. With the presale still at an early stage, investors are reminded to do their research and explore the project website to get more information.
Solana – Currently One of the Best-Performing DeFi Coins Along With Its Meme Coins
Solana has been on an upward trajectory since Q4 of 2023. Within six months, the Solana token has gone from less than $50 to nearly $200. With a total market cap of $79B, Solana is the 4th best crypto in terms of market cap.Â
Lately, Solana has gained popularity with the launch of meme coins. DogWifHat was the most prominent meme coin on the Solana network, going from $0.067 to $3.57 on the year-to-date chart. Other Solana-based coins like Bonk and Floki have also witnessed massive rallies.Â
Solana is a challenger to the Ethereum Blockchain and allows the creation of decentralized applications. The ecosystem serves scalability purposes by leveraging the proof-of-stake consensus algorithm.
Avalanche – An Ethereum Rival Enabling Decentralized Applications and Custom Blockchain Networks
AVAX is a layer 1 utility DeFi protocol solving peculiar issues that have been the bane of many blockchain networks. With Ethereum lacking in scalability, Avalanche comes up as an alternative for investors requiring faster transactions while not compromising on scalability.
Avalanche’s unique architecture comprising three key blockchains X-Chain, C-Chain, and P-Chain is a key fundamentals structure that makes it a global force in the crypto market. Avalanche’s circulating supply is only about 52% of its total supply which makes it a good investment alternative for buyers.
The token is currently up by 11% on the weekly price chart with a further 50% on the monthly chart. With Avalanche witnessing a 36% increase in the day-to-day trading volume, analysts project AVAX as one of the top DeFi coins with significant growth potential.
Jupiter – The Newly Launched Platform Making Blockchain Safe and Accessible to All
Jupiter made a groundbreaking entry into the crypto sphere on January 31, 2024, quickly gaining ground with a mouthwatering $700 million airdrop campaign. The Jupiter (JUP) is launched on the Solana network as a crypto aggregator and provides essential liquidity infrastructure across the Solana ecosystem.Â
With the explosive growth of the DeFi market in recent times, Jupiter mounted a serious bullish momentum with the market cap jumping past $1.4B. The JUP token serves as the Jupiter native coin and helps project the future of the platform. With Jupiter still very new in the market, its affiliation with the Solana ecosystem makes it a viable DeFi coin that can be purchased for future growth.
Arbitrum – A Layer 2 Blockchain for Ethereum That Provides Better Scalability
With Ethereum unable to fix its scalability issues, one of the options available for users looking for a scalability solution is Arbitrum. Arguably, the platform is the most popular layer 2 scaling network that provides scalability along with utmost security. Arbitrum provides faster transactions than Ethereum through the use of optimistic rollup.
With most of its computation and storage operated off-chain, Arbitrum benefits users with low gas fees by leveraging the scalability options of Ethereum. Arbitrum is a community-centric network where holding the ARB token allows users to participate in governance, fund allocations, and proposals on the Arbitrum ecosystem.
What are DeFi Coins?
Decentralized Finance (DeFi) is a financial application where the use of centralized-based systems is discontinued. Instead, the system used a decentralized mode, allowing users to have high stakes in decision-making. With DeFi forming a part of the broader blockchain ecosystem, many DeFi projects can trigger massive gains.
Some of the popular DeFi coins have been mentioned with many left unmentioned. With no centralized blockchain to control things, DeFi privacy is guaranteed and projects that are Defi-based are largely anonymous and transparent
Are Defi Coins a Good Investment?
Decentralized Finance has grown in leaps and bounds over the years and is considered one of the best crypto niches for investors looking for short and long-term investment. Unlike the meme coins niche which thrives on hype, DeFi coins are beginner-friendly and could be a worthy addition to the portfolio.
Conclusion
Decentralized Finance has become a mainstay in the crypto market for the last few years. We’ve curated the list of tokens under DeFi that are currently trending and can give a solid return on investment. One of the top DeFi coins at presale now is KangaMoon. Investors will earn a 10% bonus when they purchase the KANG token at its stage 4 price of $0.014.
Explore the thrilling opportunities available in the KangaMoon (KANG) presale today!
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