DeFi
US Senator No Longer Supports Elizabeth Warren’s Anti-Crypto Bill as Whales Flock to These 5 DeFi Coins – Times Tabloid
In an unexpected turnaround, the Republican senator Roger Marshall has retired his support for an anti-crypto bill he helped create alongside Senator Elizabeth Warren in 2022. So, the cryptocurrency market has seen some big moves recently and whales are starting to gravitate towards exciting DeFi projects.
In particular, five different piecesDTX Exchange (DTX), Avalanche (AVAX), Chainlink (LINK), Aave (AAVE), and THORChain (RUNE) have garnered a lot of attention. While most of them are well-established DeFi cryptocurrencies, DTX Exchange is a star of the Phase 2 presale that has surged 100%. Market analysts suggest that this rookie could become the next 50x DeFi cryptocurrency in 2024.
DTX Exchange (DTX): One of the Most Promising New DeFi Projects
The new sensation in the DeFi market is DTX Exchange (DTX). It has already raised $1.1 million in its pre-sale and is expected to reach $2 million by August 2024. Even big influencers like Legends of Cryptography YouTube users have taken notice, with some claiming that DTX Exchange’s hybrid trading model could revolutionize online trading as we know it.
This model combines aspects of CEX, such as greater liquidity with over 120,000 asset classes like forex, stocks, and cryptos, with those of DEX, such as no KYC checks required for listing. Such a privacy-focused system would likely attract millions of traders. Additionally, traders will benefit from transaction speeds as fast as 0.04 seconds, which is a significant advantage over its competitors.
The DTX utility token is the backbone of this ecosystem. Holding this DeFi coin will bring you many benefits, such as access to advanced analytics tools, reduced trading fees, and governance voting rights. Additionally, there will be a $1 million giveaway, where ten lucky people who bought $100 worth of DTX during its presale will walk away with $100,000 each.
Currently, the price of this DeFi cryptocurrency is $0.04 as it is in Phase 2 of its presale. This is a 100% increase from its starting price of $0.02. However, its value will increase by 50% once Phase 3 begins. For all these reasons, market analysts predict a 50x increase for DTX once a Tier 1 CEX lists it in Q3 2024, making it the top DeFi cryptocurrency for many whales.
Avalanche (AVAX): a rally in sight
Next, whales are taking notice of Avalanche (AVAX), a powerful force in the DeFi market. Over the past 12 months, Avalanche’s price has increased by nearly 120%, according to CoinMarketCap DataCrypto analyst Blockchainedbb says this bullish trend will continue. His post X predicts a potential rise to $90 in 2025.
The technical analysis of the Avalanche crypto confirms this statement. For example, AVAX is trading above its 100-day EMA with ten green technical indicators. As a result, experts in the cryptocurrency space predict a rise to $39 before the end of Q3 2024 in their Avalanche price prediction.
Chainlink (LINK): New Wenia Integration
Chainlink (LINK) is another major DeFi project that has been in the headlines recently. Notably, Chainlink Announced Wenia, part of the Bancolombia Group, is now using Chainlink Proof of Reserve to secure its COPW stablecoin. This development is a significant milestone for Colombia in the digital asset landscape.
The value of Chainlink cryptocurrency has surged by almost 80% in the past year alone. This DeFi coin is trading above its 100-day and 200-day EMAs while having four technical indicators in the buy zone. Due to all these bullish news and indicators regarding Chainlink, experts predict that it will trade at $18 during the third quarter of 2024.
Aave (AAVE): Introducing a New Tokenomics Proposal
Aave (AAVE) has also attracted the attention of whales in the DeFi market. Recently, Aave revealed a new temporary check for a tokenomics proposal that will include a fee change and a token buyback program.
This bullish news from Aave could trigger a rally for this crypto. AAVE’s value has surged by over 40% on the YTD chart. Moreover, around 25 technical indicators are flashing green for this DeFi crypto as it trades above its 100-day EMA. Due to all these factors, market analysts predict that the value of Aave crypto will reach $113 before the end of Q3 2024.
THORChain (RUNE): Major Analyst Remains Bullish
Finally, we will talk about THORChain (RUNE). According to CoinMarketCap DataTHORChain’s price has increased by over 400% in the last 12 months. Crypto analyst Shelby says this upward trajectory has the potential to continue. His post X predicts a potential jump to the $10 level soon for RUNE.
When it comes to the technical analysis of THORChain cryptocurrency, it has 20 technical indicators in the green while trading above its 100-day and 200-day EMAs. Experts consider these factors when making their THORChain price prediction. Thus, they predict a jump to $6.30 for RUNE during the third quarter of 2024.
Final Thoughts on the Best DeFi Coins
As Roger Marshall withdraws his support for the anti-crypto bill, DTX Exchange, Avalanche, Chainlink, Aave, and THORChain could be the spearheads of the next DeFi market expansion. They all have massive growth potential, but DTX Exchange stands out. This rookie has a smaller market cap than its peers and connections to many multi-trillion dollar financial markets.
In other words, DTX will climb much faster on the price charts because it needs a lower inflow of new funds and could remain stable in the long run. If you want to capitalize on its growth, sign up for the DTX Exchange presale and buy this DeFi coin before its value skyrockets.
Disclaimer:This is a sponsored press release for informational purposes only. It does not reflect the views of The Times Tabloid and is not intended to be used as legal, tax, investment or financial advice.