As the cryptocurrency market continues to advance, certain DeFi coins have been making headlines. Recently, the top DeFi projects traders are gravitating to are KangaMoon (KANG), Avalanche (AVAX), Chainlink (LINK), Uniswap (UNI), and Stacks (STX). Today, we will deeply dive into each of these cryptos and find out what makes them so appealing.
KangaMoon (KANG): One of the Top New DeFi Projects
First on our top DeFi coins list is KangaMoon (KANG), which recently entered Stage 5 of its presale. Early buyers of KANG have already experienced a 290% ROI. Moreover, KangaMoon has raised over $4M and projects to reach $5M before April 2024 ends. With over 5,800 KANG holders already, it is clear that this DeFi project is picking up steam.
According to Yahoo Finance, the Play-to-Earn (P2E) gaming market will reach a value of $885M by 2028. KangaMoon aims to dominate this space with its own P2E game, in which KANG will serve as the main in-game currency. Owning this DeFi coin is crucial if you wish to buy in-game items or even engage in challenges for extra tokens.
Unlike most DeFi projects, KangaMoon has focused on giving back to its community. For example, KangaMoon now rewards the most active community members with free KANG tokens before its official launch. This has led to over 20,000 community members rushing to like/comment on/share KangaMoon’s social media content.
Right now, this DeFi coin is worth just $0.0196 – a 290% rise from its starting price of $0.005. However, this price will surge as the presale advances. Experts in the crypto field predict that KANG will skyrocket by 100x once a Tier-1 CEX lists it in Q2 of 2024. Thanks to all these factors, KANG is one of the best DeFi coins.
Avalanche (AVAX): Gaining Attention in the DeFi Market
Avalanche (AVAX) is second on our top DeFi coins list. Recently, this DeFi coin has experienced a tremendous surge. According to CoinMarketCap data, the Avalanche price increased from $43 to $47.17 in the last 30 days alone. Its market cap grew from $16.15B to $17.81B during that time.
The technical analysis for the Avalanche crypto also paints a bullish picture. For example, Avalanche is now trading above its 50—and 100-day EMAs. Additionally, 18 technical indicators now show buy signals for this DeFi coin. As a result, experts in the crypto field forecast a potential pump to $61.25 within Q2 of 2024 for the Avalanche crypto.
Chainlink (LINK): A DeFi Coin Riding a Bullish Wave
Next, we have Chainlink (LINK)—a decentralized oracle network that links smart contracts to real-world data. This utility has made the demand for Chainlink rise. Over the last year alone, the Chainlink price has jumped from $7.37 to $18.08. Its market cap surged from $3.79B to $10.61B in that time.
From a technical analysis perspective, this bullish trend for Chainlink crypto may continue. In other words, 16 technical indicators for Chainlink are now in the green. Meanwhile, this DeFi coin also trades above its 100—and 200-day EMAs. Because of all these reasons, market analysts predict that Chainlink will trade at $26.85 before Q2 of 2024 ends.
Uniswap (UNI): One of the Most Popular DeFi Projects
Uniswap (UNI) has also earned a spot on our best decentralized cryptocurrency list. It is a decentralized exchange protocol that allows users to swap tokens easily from their wallets. The Uniswap price has been on an uptrend, rising from $6.15 to $11.08 over the last year alone. UNI’s market cap increased from $3.60B to $6.63B during that period.
The technical analysis for this DeFi coin also shows a bright future. For instance, Uniswap is now trading above its 50 and 100-day EMAs. Not only that, 15 technical indicators are flashing green. As a result, experts in the crypto field forecast Uniswap trading at $17.01 before the end of Q2 2024.
Stacks (STX): A L1 Blockchain Continuing To Grow
Finally, we want to mention Stacks (STX) – an L1 blockchain that lets smart contracts and DApps be built on the Bitcoin network. Stacks could become a standout performer in the DeFi market with this utility. In the last month alone, the Stacks price increased from $3.06 to $3.21. Its market cap surged from $4.24B to $4.65B in that time.
In addition, this bullish trend looks to continue from a Stacks technical analysis perspective. Notably, the Stacks crypto trades above its 100 and 200-day EMAs while boasting 23 green technical indicators. Due to all these factors, market analysts have made a bullish Stacks price prediction – hitting $4.88 before Q2 of 2024 ends.
What Is the Best DeFi Crypto To Buy?
While Avalanche, Chainlink, Uniswap and Stacks are all DeFi coins worth considering – they lack the growth potential of KangaMoon. To clarify, KangaMoon has a low market cap of $19.6M, which means it needs far less new funds for its price to skyrocket. To purchase the best DeFi crypto, follow the links below and obtain a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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