The crypto market is buzzing with news that BlackRock CIO Samara Cohen said that by next year, cryptocurrency ETFs will be included in “model portfolios.” As more institutions begin investing in the DeFi market, whales should be looking for promising coins that offer high returns.
Here are five such gems: DTX Exchange (DTX), Avalanche (AVAX), Aave (AAVE), Chainlink (LINK) and THORChain (RUNE). While most of them are well-established DeFi tokens, DTX Exchange is a Stage 2 presale star that has soared by 100% so far. Some analysts hint that it could become the next 50x crypto in 2024.
DTX Exchange (DTX): Among the Most Promising DeFi Projects
Whales worldwide are quickly becoming attracted to DTX Exchange (DTX). This presale has already raised over $1.1M and is on track to reach $2M before the end of August 2024. Such an excellent performance drew the attention of influential people like YouTuber Crypto Infinity, who think DTX Exchange might be the next big DeFi crypto.
Unlike most online trading platforms, DTX Exchange stands out as it has a hybrid trading model that combines the best CEX and DEX features into one. Thus, traders can access 120K asset classes like gold, crypto and stocks at a leverage rate of up to 1000x. Additionally, no sign-up KYC checks are required, meaning complete privacy for all individuals.
The primary token of the DTX Exchange ecosystem is the utility token called DTX. It offers governance voting rights, low trading fees and access to advanced analytics tools to those who hold it. To encourage more purchases, DTX Exchange said that those who buy $100 of DTX during its presale will enter a $1M giveaway where ten people will win $100,000.
DTX now costs $0.04 in Stage 2 of its presale – a 100% pump from its starting price of $0.02. However, this price will reach $0.06 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. This prediction makes DTX one of the best new DeFi projects that may skyrocket soon.
Avalanche (AVAX): May Surge Soon
Next, whales are focusing on Avalanche (AVAX), a powerful force in the DeFi market. According to CoinMarketCap data, the Avalanche price jumped over 100% in the past year alone. Crypto analyst AMCrypto also made a bullish statement about this DeFi coin. His X post claims that AVAX is seeing higher highs and may surge alongside Solana soon.
The technical analysis of the Avalanche crypto supports this claim. For example, AVAX trades above its 100- and 200-day EMAs with eight green technical indicators. As a result, other experts also foresee its value rising to $33 before the end of Q3 2024 in their Avalanche price prediction.
Aave (AAVE): A Lido-Only V3 Pool Approved
Aave (AAVE) is another DeFi project that has made some headlines. Recently, Aave Labs approved a V3 pool designed for Lido’s stETH and wstETH. This development will soon allow for the deployment of additional custom pools.
The Aave crypto value movement has jumped 40% on the YTD chart. Additionally, around 26 technical indicators are in the buy zone for AAVE while it trades above its 50—and 100-day EMAs. Because of all this bullish Aave news and indicators, market analysts forecast a rise to $120 within Q3 of 2024.
Chainlink (LINK): New 21Shares Integration
Chainlink (LINK) is another DeFi coin making waves. For example, 21Shares announced that it has integrated the Chainlink Proof of Reserve on Ethereum, which will increase the transparency of the 21Shares Core Ethereum ETF reserves.
This exciting Chainlink news may cause an uptrend for this coin. Speaking of which, this DeFi coin price has increased over 75% on the YTD chart. Moreover, the Chainlink crypto now trades above its 100 and 200-day EMAs. Therefore, experts predict its value will reach $17 before Q3 of 2024 ends for Chainlink.
THORChain (RUNE): Major Analyst Remains Bullish
Last, whales are paying attention to THORChain (RUNE). CoinMarketCap data shows that the THORChain price has increased over 400% in the past year alone. Crypto analyst Crypto Gorilla also made a bold statement about RUNE. According to his X post, traders should HODL RUNE as it will have a new ATH before Bitcoin.
From a technical analysis perspective, the THORChain crypto future also appears bright. Notably, RUNE is trading above its 100 and 200-day EMAs while having 20 green technical indicators. As a result, market analysts have made a bullish THORChain price prediction – reaching $6 within Q3 of 2024.
Concluding Thoughts on the Top DeFi Coins
Many whales gravitate towards DTX Exchange, Avalanche, Aave, Chainlink and THORChain. However, they have noticed that DTX Exchange has some advantages. For example, DTX has a lower market cap than its peers and connections to multiple trillion-dollar financial markets such as the $133T bonds.
In other words, this rookie could soar much faster than the rest of the DeFi coins and remain more stable even in volatile situations. If you wish to capitalize on its growth, sign up for the DTX Exchange presale using the links below.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.