The decentralized finance realm has lagged amid the current bull market trends, but after a brief consolidation phase, its TVL has increased to $108 billion. This marks its highest level since 2021 during the Terra/Luna crash. The TVL surge is attributed to the ongoing hype surrounding Ethereum ETFs, which are unlikely to offer staking yields.
Remarkably, several DeFi coins have been the primary beneficiaries joining the train of bullish activities, including KangaMoon (KANG), Lido DAO (LDO), Uniswap (UNI), Ethena (ETA), and Aave (AAVE). Experts hint at these positive market sentiments as just the start, and these top coins are set to witness massive growth in the coming weeks. This article will explore the best DeFi coins to invest in now.
KangaMoon Hits 40x Surge—Is 100x Possible?
First on the list of the top DeFi Crypto to watch in 2024 is the KangaMoon. The emerging DeFi coin has been making headlines due to its unique features, robust market performance, and higher growth potential. For context, KangaMoon has already recorded a 400% ROI in price value, raised over $7 million in presale revenue, and now targets the $9 million mark. Additionally, the DeFi token has amassed over 32,000 users and around 10,000 holders.
Essentially, KangaMoon introduces an ecosystem that prioritizes its community. Gamers and traders alike can meet like-minded individuals who engage in battle-theme challenges and tournaments and partake in speculative betting. As a result, they win rewards in the form of KANG tokens or rare NFTs. More importantly, the KANG token will offer utility in the ecosystem.
For one, the KANG token will act as a revenue incentive and in-game currency in the Kangaverse. Users will use the DeFi token to access exclusive games, create and upgrade characters, and buy in-game items on the marketplace. What’s more interesting is that KANG holders will earn more tokens when they join to promote the project online.
Currently, the KANG token is attractively priced at $0.025. With the recent CoinGecko and CoinMarketCap listings, experts see the price of KangaMoon jumping to $0.5 in the coming days. Additionally, the DeFi crypto is set to tap into the flourishing NFT gaming play-to-earn industry, which is increasing at a CAGR of around 17% and is projected to increase to $8856.96 million by 2028. KangaMoon could potentially open up this market for its investors. Thus, experts see KangaMoon among the best cryptocurrencies to buy now.
Uniswap Responds to SEC’s Wells Notice
The decentralized trading protocol has been making headlines in the broader market for its network developments and regulatory battle with the SEC. After receiving a Wells Notice from the US SEC, Uniswap has responded calling its legal basis weak. Despite this bearish Uniswap news, the DeFi crypto has been resilient on charts amid revolutionary network developments.
Recently, the Uniswap blockchain has introduced wallet funding on its mobile app. Now, users will transfer their crypto directly from a CEX to their DeFi wallet. They’ll not have to copy and paste their addresses or transfer funds to the wrong address. Despite its current battle with the US regulatory watchdog, the price of Uniswap has remained green on the charts. With this view, experts have tagged Uniswap coin among the best cryptos to invest in 2024.
Ethena Introduces Revolut Application— ETA Price Reacts
The synthetic dollar protocol Ethena (ETA) offers solutions for money that aren’t reliant on traditional banking system infrastructure. With ground-breaking network development, the Ethena coin has swiftly become the best crypto to invest in now. Recently, the price of Ethena has experienced massive increases.
The recent price surge is attributed to the introduction of the Revolut application on the blockchain. The app will allow users in the EU and other eligible countries to trade the coin. Additionally, the ETA coin has also benefitted from Ethereum’s current price upswing, which saw the DeFi coin add substantial gains in its value, thus placing the Ethena crypto among the best DeFi coins to invest in 2024.
Lido DAO Reclaims the 700-day Support Level—Massive Surge On the Way?
Another top DeFi crypto making headlines in the broader market is the Lido DAO. As a staking infrastructure for several blockchain networks, Lido DAO has continued to gain popularity on the market. Over the last week, the Lido DAO coin has experienced a massive increase in value, attributed to the rise of Ethereum’s price and overall bull market trends.
Remarkably, the ETH liquidity staking protocol has risen to recover the upper critical resistance level. With this view, many experts see a potential price surge in the coming weeks, suggesting that Lido DAO’s price could move to $8. Additionally, its total value locked has also recorded substantial gains, nearing its all-time high, making it among the best coins to invest in now.
Crypto Analyst Alex Clay Says Aave Price Could Surge by 400%
Aave is another solid DeFi coin to watch in 2024. As a significant lending protocol on the market, Aave crypto enables users to engage in various financial activities without intermediaries through P2P networks. As a beneficiary of the Ethereum price surge, Aave (AAVE) has witnessed significant gains in its value, making analysts forecast bold Aave price predictions.
According to crypto analyst Alex Clay, Aave crypto is gearing up for more growth and may be an ideal crypto investment choice during the current Ethereum DeFi season. He is bullish about this DeFi Crypto coin, suggesting that it could increase by 400% by the end of the year. With its coming v4 protocol launch, Aave has seen a heightened increase in market activities, further supporting this prediction. Thus, this makes Aave coin among the best cryptocurrencies for 2024.
Conclusion
As the crypto market gears up for parabolic bull runs, this is the optimal time for investors to grab the opportunity to accumulate the best coins with higher growth returns. The above DeFi coins have solid fundamentals and higher growth potential.
However, KangaMoon leads the pack with its unique GameFi play-to-earn feature fuelled by SocialFi elements and a small market capitalization that requires fewer funds to trigger a double-fold increase in value. Remember, savvy investors need to conduct proper research before investing in any crypto asset.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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