While the crypto market is struggling, DeFi projects are faring well. Today, we will look at five DeFi coins that may rise in value during a bearish trend, opening up profitable opportunities for traders. These coins are DTX Exchange (DTX), Chainlink (LINK), Uniswap (UNI), Lido DAO (LDO) and Stacks (STX). Let’s find out why.
DTX Exchange (DTX): Exciting Times Ahead for This DeFi Coin
First, we will talk about DTX Exchange (DTX), a new DeFi project that has been making headlines recently. According to FOUR Crypto Spaces, DTX Exchange is in the spotlight right now and exciting times are ahead for it. Its ongoing presale has been outstanding, raising over $760K so far, with projections indicating a surge to $1M before June 2024 ends.
At its core, DTX Exchange combines the best features of CEX and DEX into one. With this hybrid trading platform, users can access over 120K asset classes like equities, bonds and cryptos with a leverage of 1000x. Moreover, this platform does not perform sign-up KYC checks—a big advantage over its rivals like Coinbase, which lacks in the privacy department.
The DTX utility token powers this platform and has several perks for its holders, such as reduced trading fees and governance voting rights. In addition, if someone purchases $100 worth of DTX during the presale, they will be entered into a $1M giveaway. Ten lucky winners will walk away with $100K each in this giveaway.
This DeFi coin’s price has surged over 100% in its ongoing presale so far. Currently, it is in Stage 2 and costs just $0.04. But, its value will rise to $0.06 once Stage 3 begins – a 50% ROI if you buy it now. Due to all these reasons, market analysts foresee DTX soaring by 100x once it hits Tier-1 exchanges in Q3 of 2024. This makes it the best DeFi project right now.
Chainlink (LINK): A Prominent Force in the DeFi Market
Next, we will discuss Chainlink (LINK), a major DeFi project that shows some exciting developments. Notably, Chainlink announced that Chain Swap has now integrated its CCIP Programmable Token Transfers to power cross-chain swaps on many networks. The Chainlink CCIP will also allow cross-chain swaps in Chain Swap’s Telegram bot.
Thanks to this bullish Chainlink news, interest in it may skyrocket. Speaking of which, the Chainlink crypto price increased over 120% in the past 12 months. Moreover, LINK is trading above its 100 and 200-day EMAs with 18 green technical indicators. Therefore, market analysts foresee Chainlink trading at $17 before Q2 of 2024 ends.
Uniswap (UNI): Looking Good According to Major Analyst
Uniswap (UNI) is another DeFi coin riding a bullish wave. Over the past 12 months, the Uniswap price increased by over 80%, as per CoinMarketCap data. Crypto analyst JJcycles states that UNI aims for new local highs above $17.
The technical analysis of the Uniswap coin supports this claim. For example, UNI trades above its 50 and 100-day EMAs while having 16 technical indicators in the buy zone. Because of all these factors, experts in the crypto field forecast a surge to $13 within Q2 of 2024 in their Uniswap price predictions.
Lido DAO (LDO): A Strong DeFi Crypto at the Moment
In the second-to-last place, we will mention Lido DAO (LDO). According to CoinMarketCap data, the Lido DAO price rose over 20% on the YTD chart. Crypto analyst RaizelXbt claims that LDO is a strong coin in the DeFi market. In his X post, this crypto analyst predicts that Lido DAO will soar to $3 soon.
The Lido DAO token technical analysis also shows some bullish signals. For instance, over 23 technical indicators now flash buy signs for LDO while it trades above its 50—and 100-day EMAs. For all these reasons, market analysts have made a bullish Lido DAO price prediction—reaching $4 before Q2 of 2024 ends.
Stacks (STX): Projected To Reach $10 This Cycle
Finally, we must discuss Stacks (STX). This DeFi project has shined on the price charts, rising nearly 150% in the past 12 months, according to CoinMarketCap data. Moreover, crypto analyst Sakemate states that the Stacks price has the potential to reach $10 this cycle.
The Stacks coin’s technical analysis supports this claim. Notably, STX is trading above its 100—and 200-day EMAs while having 18 technical indicators in the green. As a result, experts forecast that STX will trade at $2.52 within Q2 of 2024 in their Stacks price predictions.
Closing Remarks on the Top DeFi Projects Right Now
While the crypto market may not be doing well, these five DeFi coins can still offer big opportunities for traders. However, one of them stands out—DTX Exchange. This rookie has a lower market cap and ties to the $1.4T stock market. In other words, DTX will soar much faster and higher than Chainlink, Lido DAO, Uniswap and Stacks.
To capitalize on its projected growth, use the links below to sign up for the DTX Exchange presale and buy one of the best DeFi coins.
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