According to many analysts, the cryptocurrency market is preparing for a massive bull run in 2024. In this regard, traders are seeking hidden DeFi market treasures. Here, we highlight five promising DeFi coins: DTX Exchange (DTX), Chainlink (LINK), Uniswap (UNI), Ethena (ENA), and THORChain (RUNE).
DTX Exchange (DTX): Among the Top DeFi Coins
DTX Exchange (DTX) is emerging as one of the best DeFi coins. This rising presale sensation has already obtained over $600,000 and is on track to reach $1M before May 2024 ends. Global traders are interested in this crypto gem, which aims to redefine online trading.
It accomplishes this thanks to its hybrid trading platform, which incorporates features from CEX and DEX into one. This means that users have access to over 120K asset classes and can make trades with up to 1000x leverage. This puts the DTX Exchange leagues ahead regarding liquidity and flexibility over its competition.
The DTX utility token powers this platform, and holding it will bring many perks. For example, it gives holders access to enhanced analytics, lower trading fees, and governance voting rights. Those who hold over $100 in DTX during its presale also enter a $1M giveaway, in which DTX Exchange rewards 10 lucky traders with $100K each.
This DeFi coin is currently worth only $0.04 since it is in Stage 2 of its presale. This is a 100% rise from its starting price of $0.02. But, given its ties to many financial markets like the $133T bonds market, its future looks very bright. Market analysts foresee a 50x value surge once a Tier-1 CEX lists DTX in Q3 of 2024 – making it one of the best new DeFi projects.
Chainlink (LINK): A DeFi Coin Which May Break Yearly-Highs
Next, we will mention Chainlink (LINK)—another DeFi coin that could soar soon. According to CoinMarketCap data, the Chainlink price increased over 150% in the last year alone. Crypto analyst Michaël van de Poppe claims this bullish trend will continue. In his X post, Poppe states that as long as $16 holds, LINK could continue rising toward its yearly highs.
This statement is backed up by a technical analysis of Chainlink crypto. For example, LINK is trading above its 100-day and 200-day EMAs, and as many as 27 technical indicators have turned green. Due to all these reasons, experts in the crypto field foresee a rise to $26 before Q2 of 2024 ends in their Chainlink price predictions.
Uniswap (UNI): Poised To Surge As V4 Is Announced
Uniswap (UNI) has also captured a spot on our best DeFi coin list. Recently, it made headlines when the Uniswap Foundation announced that Uniswap v4 is coming later this year. Although no official date was revealed, Uniswap revealed that multiple audits will be conducted in the coming months.
This bullish Uniswap news may trigger a rally. The Uniswap coin has seen a price surge of over 100% in the past 12 months. With 27 technical indicators in the green, market analysts remain bullish as they forecast a potential jump to $16 within Q2 of 2024 for Uniswap.
Ethena (ENA): Triple USDe Attestation Release
In the second-to-last place, we will mention Ethena (ENA). This DeFi project has also captured attention recently thanks to its triple USDe attestation release. In the official blog post, Ethena Labs revealed three custodian attestations for assets backing the USDe. This attestation showed that USDe maintains a backing rate of 101.74%, meaning it is over-collateralized.
The Ethena crypto value movement soared over 30% in the last year alone. This bullish Ethena news may cause this bullish trend to continue. Around 15 technical indicators are also in the buy zone for this DeFi coin. As a result, experts foresee that ENA will trade at $1.60 before Q2 of 2024 finishes.
THORChain (RUNE): Alex Clay With a Bullish Price Prediction
Last, we will discuss THORChain (RUNE). According to CoinMarketCap data, this DeFi coin has soared nearly 500% on the YTD chart. Crypto analyst Alex Clay believes this is just the beginning. In his X post, he states three price targets for RUNE: $14 as a mid-term target and $34.1/$54.7 as a long-term target.
The technical analysis of the THORChain crypto supports this statement. Notably, THORChain now trades above its 100—and 200-day EMAs, while 29 technical indicators are in the green. Due to all these reasons, market analysts forecast a potential surge to $6.91 for this DeFi token within Q2 of 2024.
Final Thoughts on the Top DeFi Coins
All these DeFi projects could provide massive returns in the 2024 bull run. However, DTX Exchange has an advantage over Chainlink, Uniswap, Ethena, and THORChain. In other words, DTX will surge much faster since it has a lower market cap and ties to many trillion-dollar markets like the FX one. This makes DTX the best DeFi crypto at the moment for big returns.
Learn more:
