DeFi
Top DeFi Tokens Set to Soar in June – Buy Now for Major Gains
Discover the most popular DeFi tokens of June! From DTX Exchange to THORChain, find out which projects are poised for major gains. Your guide to the best DeFi investments for June 2024.
As the crypto market heats up, June could become one of the best months for DeFi coin fans. As more people use DeFi, some tokens appear poised to generate massive profits. Let’s take a look at the top DeFi projects that could explode in June:
- DTX Exchange (DTX): The best overall DeFi token that could rise soon.
- Chain link (LINK): One of the best DeFi coins today.
- Avalanche (AVAX): A powerful force in the DeFi market.
- Ghost (FTM): A DeFi coin trading in the green.
- THOR Chain (RUNE): DeFi project with high growth potential.
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DTX Exchange (DTX)
Ranking number one on our list of top DeFi projects is DTX Exchange (DTX), a token that has caught the attention of many as a rising presale star. They have offered first-time buyers a 100% ROI and expect to add another 50% in their next pre-sale stage. Additionally, DTX Exchange has raised almost $600,000, and predictions indicate that they could reach $1 million by June 2024.
The uniqueness of DTX Exchange within the DeFi market is the introduction of a hybrid trading platform, which brings together both CEX and DEX. This allows traders to access over 120,000 asset classes, with leverage up to 1,000x. As privacy concerns increase in the trading world, DTX Exchange is also removing KYC checks, which means complete anonymity.
During the presale, traders can purchase the DTX utility token. With this token, they can access enhanced analytics tools, governance voting rights, and reduced trading fees. Additionally, presale participants who hold $100 or more worth of DTX have a chance to win through the Million Dollar Sweepstakes, where ten lucky winners will walk away with $100,000 each.
This DeFi coin is currently worth just $0.04 in stage 2 of its presale. But market analysts remain optimistic, forecasting a rise to $0.5 once a Tier 1 CEX lists DTX in the third quarter of 2024. Given its ties to the $133 trillion bond market, This DTX price prediction has the potential to come true. For these reasons, DTX appears to be one of the most promising new DeFi projects.
2. Chain link (LINK)
Next, we have to mention Chainlink (LINK), a DeFi coin that trades in the green. According to data from CoinMarketCap, Chainlink price increased by over 150% on the YTD chart. Crypto analyst Michaël Van De Poppe thinks Chainlink could reach $25-30 if it manages to break the resistance at $21.
Many technical indicators are also bullish for the Chainlink coin. For example, more than 29 technical indicators have given positive signals and LINK is trading above its 100 and 200 day EMAs. This technical analysis gives experts hope for this DeFi coin in the long term. In their Chainlink price forecast, crypto experts predict a rise to $26 in Q2 2024.
3. Avalanches (AVAX)
Let’s talk about Avalanche (AVAX), a DeFi coin that is seeing significant upward movement. In fact, the Avalanche crypto has soared over 150% in the past 12 months. This upward trend is expected to continue as Particle Network Announcement universal accounts on the Avalanche network. This will allow traders to use any DApp on Avalanche with different tokens.
This new avalanche bullishness could trigger a rally. Avalanche is trading above its 50-day and 100-day EMAs with nine green technical indicators. With all these bullish signs around Avalanche, it is no wonder that crypto experts are predicting that AVAX price will reach $53.11 by the end of Q2 2024.
4. Ghost (FTM)
Fantom (FTM) is another DeFi coin to watch for its growth potential. Recently he made headlines Fantom announced its partnership with Google Cloud. With this development, developers on the Fantom network can access Google Cloud’s cutting-edge AI tools and infrastructure. The move is likely to increase interest in Fantom crypto.
Fantom’s value has increased by almost 150% over the past year, indicating strong bullish momentum. With 17 technical indicators in the buy zone and all this bullish Fantom news, analysts remain optimistic about its future. They predict it will reach $1.20 in Q2 2024, making FTM a good DeFi coin to watch in June.
5. THORChain (RUNE)
Last on our list of best DeFi projects is THORChain (RUNE). THORChain announced that it recently hit another milestone: over $30 billion in trading volume in 2024. This number is set to rise as more integrations like Solana are in store for this DeFi project later this year .
THORChain’s crypto value has increased by over 450% in the last year alone. Additionally, 17 technical indicators are in the buy zone for this DeFi coin, which is trading above its 100 and 200 day EMAs. Thanks to all this bullish news on THORChain, experts are predicting a potential jump to $9 before the end of Q2 2024.
Final Thoughts on the Top DeFi Projects in June
June 2024 could be a very important month for the DeFi market. DTX Exchange, Chainlink, Avalanche, Fantom, and THORChain all have great growth potential, but one stands out. Notably, DTX has a lower market cap and is linked to the Forex market, which could be valued at $1.4 billion by 2032. This makes DTX the best DeFi token at the moment.
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