DeFi
Avalanche (AVAX) and Stacks (STX) move; Analysts say this new DeFi coin is the next big thing in June
The DeFi market is known for its creativity and often finds new leaders. Avalanche (AVAX) and Stacks (STX) are well-established names in the industry, but a new face is also emerging: DTX Exchange (DTX). Many analysts believe that DTX could become the next big thing in DeFi in June. They identified this stage 2 presale star as the next 100x DeFi coin in 2024.
Paris Allstreet: Avalanche price could reach $100
Avalanche (AVAX) is one of the best DeFi coins. According to data from CoinMarketCap, the price of the Avalanche has increased by more than 150% in the past year alone. Crypto analyst Allstreet Bets also made an optimistic statement for this DeFi token. In his posthe states that AVAX is now looking to reach $100.
Technical analysis of the Avalanche crypto confirms this prediction. AVAX is trading above its 50 and 100 day EMAs while having 22 green technical indicators. As a result, other market analysts have also made a bullish prediction for the price of the Avalanche. They forecast a potential rise to $50 before the end of the second quarter of 2024.
Stacks (STX): a new milestone reached
Stacks (STX) is another DeFi project that has been making headlines recently. For example, Batteries advertised that he saw an ATH in TVL denominated in STX on the main Bitcoin L2. This development shows the level of interest in this DeFi project. Thanks to this bullish news from Stacks, this crypto will necessarily experience an upward trajectory.
Speaking of which, the value of Stacks coin has surged almost 300% in the last 12 months. Additionally, over 26 technical indicators are flashing green for this DeFi coin as it trades above its 100 and 200 day EMAs. Due to all these factors, experts predict that Stacks will trade at $3.50 in Q2 2024.
DTX Exchange (DTX): A Potential Top DeFi Cryptocurrency
DTX Exchange (DTX)ia hybrid trading platform that combines CEX and DEX, which are its best features. This makes DTX Exchange unique among DeFi projects as it offers users unparalleled trading options and security. For example, it allows users to trade over 120,000 asset classes, from Forex to bonds to cryptocurrencies.
What sets DTX Exchange apart is its ability to offer up to 1,000x leverage, whereas other platforms use much lower amounts. This means that traders can potentially make huge profits that they would not have made elsewhere. Additionally, registration without KYC checks improves the privacy of this exchange, attracting more security-conscious traders.
The DTX utility token will power this platform. This DeFi coin will offer its holders priority customer support, access to advanced analytics tools and much more. Ten holders who purchase $100 worth of DTX during its presale could even win $100,000, since DTX Exchange will soon launch a $1 million giveaway.
The presale of this DeFi coin has been very successful, having already raised over $600,000 and is expected to reach $1 million before the end of June 2024. Currently, one DTX costs $0.04 in stage 2 of its presale. This is a 100% increase from its starting price of $0.02. However, market analysts predict a 100x increase once a Tier 1 CEX lists this DeFi coin in the third quarter of 2024.
Can DTX Exchange outperform Avalanche and Stacks in June?
DTX Exchange is becoming a force to be reckoned with in the DeFi market, poised to rival established coins such as Avalanche and Stacks. It has real ties to the $133 trillion bond market and a low market cap. Therefore, DTX will rise much faster than its peers and could overtake them in June, making it the top DeFi crypto.
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