DeFi
Avalanche, Chainlink and a New DeFi Crypto Sensation Soar After Donald Trump Declares Himself ‘President of Crypto’
Donald Trump, the former President of the United States, has declared himself the “president of crypto”, causing a wave in the crypto sector. This statement was met with enthusiasm as many DeFi coins like Avalanche (AVAX) and Chainlink (LINK) skyrocketed. Meanwhile, a star of the Stage pre-sale – DTX Exchange (DTX)has also made a name for itself as analysts predict a 100-fold increase in 2024.
Avalanche (AVAX): Major Analyst Predicts Over $100
Avalanche (AVAX) is one of the best DeFi projects. According to data from CoinMarketCap, the price of the Avalanche has increased by more than 180% in the last 12 months. Crypto analyst Altstreet Bets says this bullish trend will continue. In his posthe foresees a potential rise to over $100 for AVAX soon.
Technical analysis of the Avalanche crypto also supports this claim. For example, AVAX is trading above its 50 and 100 day EMAs with seven green technical indicators. As a result, market analysts predict a potential rise to $48 before the end of Q2 2024 in their Avalanche price predictions.
Chainlink (LINK): a heavily undervalued DeFi coin
Chainlink (LINK) is another DeFi token making headlines in the crypto market. Major crypto analyst Michaël van de Poppe made an optimistic statement about this project. According to Poppé, LINK is now an undervalued DeFi coin. He expects Chainlink to hit its lowest cycle soon, which could trigger a 150% rally.
THE Chain Link Price has jumped more than 200% in the past year alone. Additionally, 13 technical indicators are in the buy zone for this crypto. For all these reasons, experts in the crypto field have made a bullish forecast for the Chainlink price. They predict that Chainlink coin will trade at $26 in the second quarter of 2024.
DTX Exchange (DTX): climbing the promising list of DeFi cryptocurrencies
Amidst all the hullabaloo over Trump’s statement, an innovative DeFi coin emerged: DTX Exchange (DTX). The platform is gaining popularity in the crypto world as it has a hybrid trading model combining DEX and CEX functionality. Thus, users can trade over 120,000 different assets, including stocks, currencies and cryptocurrencies, on a single platform.
Additionally, DTX Exchange stands out from its peers because it allows traders to make huge profits. It achieves this through leverage options of up to 1,000x while transaction speeds can be as low as 0.04 seconds, allowing for efficient trading.
The entire system is powered by the DTX token, which also has many benefits for holders. For example, holders of this DeFi crypto will benefit from lower trading fees, priority customer support, and governance voting rights. Additionally, those who own $100 worth of DTX during its presale are entered into a $1 million giveaway, where ten lucky holders receive $100,000 each.
These benefits have attracted traders, helping DTX Exchange raise over $650,000 during its presale so far. Some projections indicate that $1 million will be paid out before the end of June 2024. With the DTX token now costing only $0.04 during stage 2 of its presale, experts remain optimistic as it is about ‘an increase of 100% compared to its starting price. So, they predict a 100x increase once a Tier 1 CEX lists it in Q3 2024.
What gives DTX Exchange the edge over Avalanche and Chainlink?
Donald Trump’s declaration as the “cryptocurrency president” has shaken up the cryptocurrency world. This has increased demand for some already established DeFi coins, such as Avalanche and Chainlink, and could also put new players like DTX Exchange on the map. In this environment, DTX stands out for its low market capitalization and its ties to numerous financial markets worth trillions of dollars.
For example, it will tap the foreign exchange market, which could reach $1.4 billion by 2032. Therefore, DTX will grow much faster and remain stable in a turbulent market. With this advantage, DTX currently appears as the best DeFi coin.
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