Ethereum

DeFi

Conflux

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Although the approval of Ethereum ETF is currently facing intense opposition from different sources, its eventual acceptance will lift the mood of the crypto market which is currently in a downtrend. Eventually, if the ETF is approved, only those who have prepared by accumulating strong tokens with huge potential will earn massive profits. For newbies or those who may not have the ability to look at the foundation and features of the project, below are some of the top DeFi coins we believe could be a hit immediately after Ethereum ETF is approved. With KangaMoon, Synthetix, Conflux, Fantom, and Wormhole, traders will be having these top tokens added to their portfolios.
<h2 dir="ltr" id="span-kangamoon-kang-span">KangaMoon (KANG)</h2>
KangaMoon (KANG) is making a big leap in the DeFi market, jumping ahead of new DeFi tokens to become one of the most sought-after DeFi cryptocurrencies. Having successfully garnered $6.5 million in presale, KangaMoon has added more than 20k participants with over 6k holders purchasing the token. The token has quickly reached stage 5 within a few months with the price increasing to $0.025.&nbsp;
What makes KangaMoon stand out is its highly-rated features. The token could be likened to three-dimensional tokens with a meme coin, a GameFI, and a SocialFi functionalities. As an ERC20 token, KangaMoon facilitates exceptional rewards for each of the players, holders, and spectators. With older meme coins lacking in great utility, KangaMoon utilities benefit gaming enthusiasts, enabling them to earn hugely from their skills.
The KangaMoon reward system helps project the token's attractiveness. A whopping 250M of the KANG tokens will be freely given in prizes and giveaways. In addition, KangaMoon has a big chance of entering the NFT market with holders who buy at presale set to enjoy more rewards than those who joined after the closing of the presale. KangaMoon's recent ROI of 400% has given early buyers high profits with its potential ROI set to exceed 1000%.&nbsp;
As the presale winds down soon, there is an opportunity for a 10% bonus for presale investors till the end of the presale. Immediately after the presale, the token will be listed on major exchanges, allowing investors to trade the token in major CEX exchanges. With a surge of up to $1 being mooted, KangaMoon projects the Web3 gaming from a different perspective, making it one of the best DeFi projects around.
<h2 dir="ltr" id="span-synthetix-snx-span">Synthetix (SNX)</h2>
Synthetix is a decentralized liquidity protocol offering non-blockchain assets and projecting a robust financial system. The platform provides deep liquidity with copious use cases across Ethereum and its layer 2 networks. Aside from being a liquidity provider, Synthetix provides various networks with low fees and low-risk management through its Synthetix perps. By offering high incentives for users who can provide collateral, earning perps trading fees, and LP incentives, Synthetix is becoming popular among financial companies.
Although Synthetix's price has dipped in the past month, reflecting the general bear correction, its use cases which spread across multiple networks, offer it a leeway out of the downtrend. Similarly, Synthetix's market cap is still less than $2 billion, indicating a potential massive profit if the token can skyrocket by 2x or more. With its affiliation to Ethereum and its scaling solutions, Synthetix token is one of the DeFi cryptocurrencies that could go high in the next few months if the ETF is approved.
<h2 dir="ltr" id="span-conflux-cfx-span">Conflux (CFX)</h2>
For investors who truly want to leverage the approval of Ethereum ETF for big gains, Conflux is an avenue to actualize the ambition. As a layer 1 blockchain, Conflux made it easy to power decentralized applications and Web3 infrastructure with high scalability. Conflux is one of the few options that users can use to bypass Ethereum's constant traffic congestion. The high selling point that makes it attractive is faster transaction processing at a lower cost.
The platform is also appealing to a series of NFT projects with Porsche the latest to launch NFT projects on the Conflux network. At just $0.2, Conflux price has a low barrier to entry, appealing to both newbies and experienced traders. Another reason investors may consider adding it to their portfolio is the Conflux staking reward. Currently, the network offers up to 25% APY reward which is above what some networks offer. With the bull market expected in the coming weeks, Conflux portends a massive reward for those who invest now.
<h2 dir="ltr" id="span-fantom-ftm-span">Fantom (FTM)</h2>
Fantom is an alternative to Ethereum, using its smart contract platform to provide DeFi services to developers and users. In contrast to the Ethereum network, Fantom offers faster transaction speed, low gas fees, and high-level scalability. Fantom's best year since its launch in 2020 was the 2021 bull run, during which it raced to an ATH of $3.48. Fantom token has seen growing adoption in recent times due to its newly established gas monetization, allowing developers to earn up to 15% on their dApps gas fees.
The gas monetization strategy is a game changer that has seen platforms such as SolidlyLabs, OpenOcean, WigoSwap, VelocimezerDEX, and Para swap earn up to <a href="https://twitter.com/FantomFDN/status/1783893123325931993?t=3Qufn-CaUD8zwt650KUhLw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">85k FTM tokens</a> as a reward for driving the most user engagement. All these points to the commitment of the Fantom Foundation to continue to evolve amidst the changing market dynamics. With more community adoption, the Fantom token is one of the best DeFi tokens to invest in now. Top crypto analysts project the Fantom price to hit $5 in the coming weeks.&nbsp;
<h2 dir="ltr" id="span-wormhole-w-span">Wormhole (W)</h2>
The last on the decentralized cryptocurrency list is the recently launched Wormhole. The token gained huge traction before launch after rewarding key participants with 678 million of the entire 10 billion of the Wormhole total supply. As an interoperability platform connecting the decentralized world, Wormhole use cases cut across more than 30 chains with over 200 APAs already built on the network and more than 1 billion cross-chain messages.&nbsp;
Some of the companies that are currently building on Wormhole include Aurora, Klaytn, Terra Classic, and more. The network enjoys widespread acceptance in the crypto market. With its chain abstraction, Wormhole offers a deep insight into the future of Web3. Meanwhile, Wormhole's price is relatively below $1, with over $1B market cap and daily trading volume running in millions. With a quest to be the face of decentralized finance, Wormhole is one of the new DeFi projects to buy now for huge profit in 2024.
<h2 dir="ltr" id="span-closing-thought-span">Closing Thought</h2>
The current downtrend is an opportunity to accumulate tokens with strong fundamentals at a relatively low price. Looking at every key metric, this article analyzed some of the tokens with immense potential to thrive if the Ethereum ETF is approved. However, investors should not rely solely on this analysis alone and should do proper research before venturing into any investment. While these tokens offer stronger hope, the fluctuating market dynamics can quickly change things.&nbsp;
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-etf-top-5-defi-coins-that-will-maximize-your-returns-after-the-etf-approval-tbt87892.html">https://thebittimes.com/ethereum-etf-top-5-defi-coins-that-will-maximize-your-returns-after-the-etf-approval-tbt87892.html</a>

Ethereum ETF: Top 5 DeFi Coins That Will Maximize Your Returns After the ETF Approval

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