As we all know, opportunity comes with the Year of the Dragon and veteran traders are already looking for the next big thing in crypto. The DeFi market has been steadily growing as new projects change how we think about currencies. Today, we’ll run down the top 5 DeFi coins that are set to blow up this year.
KangaMoon (KANG)
KangaMoon (KANG) is one of the top new DeFi projects in 2024. It is a revolutionary crypto that taps into the P2E games market, which Yahoo Finance predicts may reach $885M by 2028. To clarify, KangaMoon will launch a P2E game where KANG will serve as the primary in-game currency. Players will utilize KANG to obtain in-game items and character upgrades.
Not only that, but this DeFi project has also placed a strong emphasis on its community. With their official launch on the horizon, KangaMoon is keeping everyone involved. Leading up to the big day, they give the most active community members free KANG tokens. As a result, countless traders are now liking/sharing/commenting on KangaMoon’s social media posts.
Currently, KangaMoon is in its presale run. During this period, anyone may purchase this DeFi coin for a discount. It now costs just $0.014, a 180% growth from its starting price. Demand is so high that KangaMoon has raised over $2.5M so far, with projections of reaching $3M before March 2024 ends.
However, keep in mind that this is a Stage 4 presale price, and as it advances, more price pumps will happen. In fact, experts in the crypto field are bullish about this DeFi coin’s potential. They predict a 50x growth for KANG once a Tier-1 CEX lists it in Q2 of 2024 and another 100x rise before the Year of the Dragon ends.
Avalanche (AVAX)
Avalanche (AVAX) has made a name for itself in the DeFi market, and it’s no wonder why. Its blockchain network is all about speed, throughput and scalability. It’s also interoperable across blockchains, making life easier for many people. Plus, the Avalanche crypto is also showing bullish signs.
Over the last 30 days, the Avalanche price has jumped from $36.70 to $55.08. Additionally, its market cap grew from $13.59B to $20.78B. Also, 24 technical indicators are flashing green for this DeFi project. Market analysts have predicted a positive price for Avalanche because of all these factors. They predict that in Q2 of 2024, AVAX will increase to $78.68.
Chainlink (LINK)
Next up on our top DeFi crypto list is Chainlink (LINK). With its decentralized oracle network, this DeFi project sends shockwaves through the blockchain world. Smart contracts have always had a problem connecting with real-world data, and Chainlink solves this issue. This factor has solidified Chainlink’s place as a DeFi industry leader.
The Chainlink price movement surged from $7.62 to $18.01 over the past year—a 140% increase. During that period, its market cap pumped from $3.73B to $10.57B. The technical analysis for this DeFi coin shows bullish signals as it now trades above its 100—and 200-day EMAs. Thus, experts predict LINK hitting $22.55 before the Year of the Dragon ends.
Internet Computer (ICP)
Internet Computer (ICP) is our next pick for the best DeFi crypto in the Year of the Dragon. The Internet Computer project is all about 2 things: speed and safety. It tackles the big issues like data storage, system security and compromised personal information that still prevail in today’s internet landscape.
The Internet Computer price has been on an uptrend recently. According to CoinMarketCap data, ICP’s value grew from $12.65 to $13.15 on the 7-day chart and its market cap soared from $5.83B to $6.10B in that time. Over 26 technical indicators are also flashing green for this DeFi coin. Because of this, market analysts forecast ICP to reach $14.97 in Q2 of 2024.
Stacks (STX)
Stacks (STX) took the last spot on the top DeFi projects in this list. It’s breaking down old barriers and enabling developers to build DApps on top of Bitcoin—the first of its kind. With this innovation, it has made a name for itself in the DeFi space.
Over the past 30 days, the Stacks price has risen from $2.75 to $3.47. Its market cap surged from $3.97B to $5.01B in that period. Stacks is currently trading above its 100 and 200-day EMAs while boasting 29 green technical indicators. Due to all these reasons, market analysts predict this DeFi crypto will reach a value of $3.65 in the Year of the Dragon.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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