5 DeFi Tokens (DTX, AVAX, RUNE, LDO, ICP) Smart Traders Should Watch

According to Mark Cuban, Silicon Valley's support of Donald Trump is due to Bitcoin. This has provoked much discussion among people who work with digital money.

Mark Cuban has linked Silicon Valley's support for Donald Trump to Bitcoin, sparking discussion among those working with digital money. In light of this, whales are accumulating various DeFi tokens, anticipating substantial profits.

Here are five DeFi tokens that smart traders should keep an eye on, ranging from established projects to a promising newcomer in the presale stage.

1. DTX Exchange (DTX): Among the Top DeFi Projects

DTX Exchange (DTX) is emerging as a powerful force in the DeFi market, especially considering the performance of its presale. It has already raised over $1M and is expected to reach $2M before July 2024 ends. This has caught the attention of major YouTubers like Crypto Legends, who claims that those who buy this DeFi crypto will unlock their potential.

What sets DTX Exchange apart is its creation of a hybrid trading platform that combines the features of both CEX and DEX. This allows users to trade 120,000 asset classes, including gold, bonds and cryptocurrencies, with leverage of up to 1000x without KYC checks. These features could attract millions of privacy-conscious traders.

The DTX utility token plays a crucial role in this platform. Holding this DeFi coin grants access to advanced analytics tools and reduced trading fees. Those who buy $100 of DTX during its presale will also enter a $1M giveaway, where ten people will win $100K each.

This DeFi crypto currently costs only $0.04 as it is in Stage 2 of its presale. It has already increased by 100% from its starting price. Once Stage 3 begins, its value will rise to $0.06, offering a 50% ROI if you buy it now. Given all these factors, market analysts predict a 100x surge once it hits Tier-1 exchanges in Q3 of 2024.

2. Avalanche (AVAX): Finally Breaking Out

Another DeFi crypto making waves in the market is Avalanche (AVAX). Over the past 12 months, the AVAX price increased by over 95%, according to CoinMarketCap data. Crypto analyst Captain Faibik also made a bold statement about this DeFi coin. In his X post, Faibik claims that AVAX is finally breaking out of its falling wedge pattern and may soar to $53.

The technical analysis of the Avalanche crypto seems to support this claim. For instance, AVAX trades above its 100-day EMA with 17 green technical indicators. As a result, market analysts foresee a surge to $33 before Q3 of 2024 ends in their Avalanche price predictions.

3. THORChain (RUNE): Market Analyst Remains Bullish

Next, we must discuss THORChain (RUNE) – a DeFi crypto that has been trading in the green. CoinMarketCap data shows that the THORChain price jumped nearly 350% in the last year alone. The analyst Flash remains bullish for this DeFi crypto. According to his X post, RUNE may see a jump to $7.38 soon.

From a technical analysis perspective, the future of the THORChain crypto also appears bright. In fact, around 19 technical indicators show buy signals while RUNE trades above its 100 and 200-day EMAs. These factors play a role in the market analysts’ bullish THORChain price predictions. They anticipate RUNE will trade at $6.33 within Q3 of 2024.

4. Lido DAO (LDO): Double Digits Potential

Lido DAO (LDO) has also seen some action in the DeFi market. According to the YTD chart, the Lido DAO price fell nearly 3%, based on CoinMarketCap data. However, crypto analyst Alex Clay made a bullish statement in his X post, claiming that LDO is on his top 5 crypto list and may reach $6 soon.

The technical analysis for the Lido DAO token also shows bullish signals. For example, LDO is now trading above its 100-day EMA while 12 technical indicators are in the buy zone. As a result, market analysts have made a bullish Lido DAO price prediction—reaching $6.48 before Q3 of 2024 ends.

5. Internet Computer (ICP): Major Milestone Achieved

Internet Computer (ICP) is another DeFi token with some exciting developments. Notably, DFINITY revealed a major milestone—over 84B messages have already been processed on Internet Computer in 2024. This is a big achievement as 56% of these messages are write operations that need consensus.

This bullish Internet Computer news could also affect its value. Speaking of which, the Internet Computer crypto value rose nearly 150% in the past 12 months.

The above is the detailed content of 5 DeFi Tokens (DTX, AVAX, RUNE, LDO, ICP) Smart Traders Should Watch. For more information, please follow other related articles on the PHP Chinese website!