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Top DeFi tokens will skyrocket in June – buy now for more earnings
Discover the most interesting DeFi tokens of June! From DTX Exchange to THORChain, see which projects are poised for bigger gains. Your guide to the best DeFi investments of June 2024.
As the cryptocurrency market heats up, June could become one of the best months for DeFi coin fans. As more and more people use DeFi, some tokens appear to be on track to deliver huge profits. Let’s take a look at the top DeFi projects that could explode in June:
- DTX Exchange (DTX): Best overall DeFi token that may rise soon.
- Shirt (LINK): One of the current best DeFi coins.
- Avalanche (AVAX): A powerful force in the DeFi market.
- Fantom (FTM): A DeFi coin trading in green.
- THOR Chain (RUNE): DeFi project with great growth potential.
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DTX Exchange (DTX)
At the top of our list of the best DeFi projects is DTX Exchange (DTX), a token that has caught the attention of many as a rising pre-sale star. They have given first-time buyers a 100% ROI and expect to add another 50% increase during the next pre-sale phase. Additionally, DTX Exchange has raised nearly $600,000, with projections that it could reach $1 million by June 2024.
The distinctive feature of DTX Exchange in the DeFi market is the introduction of a hybrid trading platform, which brings together both CEX and DEX. This gives traders access to over 120,000 asset classes, with leverage up to 1000x. As privacy concerns rise in the world of trading, DTX Exchange also removes KYC checks, meaning total anonymity.
During the pre-sale, traders can purchase the DTX utility token. With this token, they can gain access to advanced analytics tools, governance voting rights, and reduced trading fees. Additionally, pre-sale participants who hold $100 or more in DTX have a chance to win the $1 million giveaway, where ten lucky winners will walk away with $100,000 each.
This DeFi coin is currently worth just $0.04 in Phase 2 of its pre-sale. But market analysts remain bullish, predicting a rise to $0.50 once a Tier-1 CEX puts DTX in place in the third quarter of 2024. Given its ties to the $133 trillion bond market, this forecast from DTX’s price has the potential to become reality. For these reasons, DTX emerges as one of the most promising new DeFi projects.
2. Jersey (LINK)
Next, we have to mention Chainlink (LINK), a DeFi coin that has been trading in the green. According to data from CoinMarketCap, Chainlink price increased by more than 150% on the YTD chart. Cryptographic analyst Michaël Van De Poppe takes care of it 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, over 29 technical indicators have given positive signals and LINK is trading above its 100-day and 200-day EMAs. This technical analysis gives experts hope for this DeFi coin in the long term. In their Chainlink price predictions, cryptocurrency experts predict a rise to $26 by the second quarter of 2024.
3. Avalanche (AVAX)
Let’s talk about Avalanche (AVAX), a DeFi coin that is experiencing a significant upward movement. In fact, the Avalanche cryptocurrency is up more than 150% in the last 12 months. This upward trend is likely to continue Particle network announced universal accounts on the Avalanche network. This will allow traders to use any DApp on Avalanche with different tokens.
This bullish Avalanche news could spark a rally. Avalanche is trading above the 50 and 100 day EMAs with nine green technical indicators. With all these bullish signals around Avalanche, it is no wonder that cryptocurrency experts predict AVAX price to reach $53.11 by the end of the second quarter of 2024.
4. Fantom (FTM)
Fantom (FTM) is another DeFi coin worth keeping an eye on for its growth potential. Recently, it made headlines as 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. This move is likely to increase interest in the Fantom cryptocurrency.
Fantom’s value has increased nearly 150% over the past year, indicating strong upward momentum. With 17 technical indicators in the buy zone and all this bullish news about Fantom, analysts remain optimistic about its future. They predict it will reach $1.20 by Q2 2024, making FTM a good DeFi coin to watch this June.
5. THOR Chain (RUNE)
Last on our list of best DeFi projects is THORChain (RUNE). THORChain announced which recently passed another milestone: over $30 billion in swap volume in 2024. This number is set to increase as more integrations like Solana are in store for this DeFi project later this year.
The value of the THORChain cryptocurrency has increased by more than 450% in the last year alone. Furthermore, 17 technical indicators are in the buy zone for this DeFi coin, which is trading above its 100-day and 200-day EMAs. Thanks to all this bullish news on THORChain, experts are predicting a potential jump to $9 before the end of the second quarter of 2024.
Final thoughts on the best DeFi projects of 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 of them stands out. Notably, DTX has a smaller market capitalization and is tied to the Forex market, which could be valued at $1.4 trillion by 2032. This makes DTX the best DeFi token at the moment.
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