Maker

Uniswap

DeFi

Bull Market

Avalanche

<img src="https://cdn.thebittimes.com/images/2024/05/20/1716223459.webp" width="800" height="500" alt="">
The US Senate has <a href="https://x.com/WatcherGuru/status/1791145171276427574" target="_blank" rel="noopener noreferrer nofollow">voted to overturn</a> the US Securities and Exchange Commission (SEC) rule that prevents regulated financial institutions from Custodying Bitcoin and other cryptocurrencies. Remarkably, this bullish news has triggered a positive sentiment in the broader crypto market, with the pioneer cryptocurrency climbing above the $66K mark.
While BTC continues to provide positive impressions, investors are shifting their focus to the booming DeFi market, seeking lesser established tokens with promising 100x returns. In this article, we discover five DeFi tokens that have higher growth potential on the market than the established cryptocurrencies.
<h2 dir="ltr" id="span-kangamoon-kang-span-span-best-defi-coin-span-span-for-2024-span">KangaMoon (KANG): Best DeFi Coin for 2024</h2>
Based on its presale performance, innovative features, and price trajectory, <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon </a>(KANG) could potentially become the next game changer in the DeFi market. With its unique combination of SocialFi elements and GameFi’s play-to-earn mechanism, KangaMoon has drawn attention in the broader cryptocurrency market.
At its core, the platform will launch play-to-earn games on its ecosystem and allow players to engage in various activities, including speculative betting, battle-themed challenges, and tournaments. As a result, players will win rewards in the form of rare NFTs and the KANG token. Unlike other DeFi tokens that rely on hype, KANG will have actual utility. It will serve as in-game currency in the ecosystem.
What’s more interesting is that the DeFi platform prioritizes its community. Recently, it partnered with RaidSharks to introduce a community engagement bot to influence KANG adoption before and after its launch. The move has attracted over 23,000 registered members and around 10,000 holders, cementing its position as a highly prestigious platform on the market.
So far, early investors have already recorded 400% ROI in price value from its initial offering of $0.005 to $0.025. With the recent BitMart exchange listing announcement, experts hint at 100x growth potential by the end of Q2. Evidently, KangaMoon could open up the gaming play-to-earn NFT market for its investors, which is currently growing at a CAGR of around 17% and is projected to be worth $8896.95 by 2028. Thus, experts see KangaMoon as the best DeFi coin to invest in.
<h2 dir="ltr" id="span-chainlink-completes-us-bank-pilot-program-link-price-surges-span">Chainlink Completes US Bank Pilot Program—LINK Price Surges</h2>
Next on the list of top DeFi coins to watch is Chainlink (LINK). The blockchain abstraction layer has seen increased visibility in the broader market due to its recent revelation. Recently, the Chainlink network announced that it is launching a US Bank Pilot program.
<a href="https://x.com/Ashcryptoreal/status/1791179440765968525" target="_blank" rel="noopener noreferrer nofollow">After the successful participation</a> of the world's largest banks, JPMorgan, BNY Mellon, and Franklin Templeton, the price of Chainlink experienced a considerable gain in value, jumping up by 20%. Chainlink's upward movement is also supported by a heightened increase in its 24-hour trading volume.&nbsp;
The DeFi token’s technical indicators are flashing green, suggesting that the Chainlink coin is experiencing higher buying pressures. With this view, many experts see Chainlink crypto making more parabolic bull runs in the coming days. Therefore, it is an excellent choice for 100x returns.
<h2 dir="ltr" id="span-avalanche-expands-into-tokenized-assets-avax-price-reacts-span">Avalanche Expands into Tokenized Assets—AVAX Price Reacts</h2>
Another DeFi coin to watch in 2024 is the Avalanche (AVAX). The layer one blockchain has made headlines in the broader crypto market for its robust performance and latest endeavor. Notably, Avalanche Network announced the tokenization of a fine wine investment fund.
The strategic development aims to capitalize on the ongoing trend of tokenization and broaden the spectrum of investment opportunities in the DeFi token ecosystem. Moreover, the Avalanche Crypto is also looking to foster meme coin activity on-chain. The bullish Avalanche news triggered a sharp surge in the price of Avalanche. Moreover, the substantial gains are also supported by heightened market activities on the Avalanche network.
This DeFi Crypto has experienced a heightened increase in open interest, reflecting overall buying pressure. Should the current market sentiment continue, the Avalanche coin would continue to record considerable growth on charts. Many analysts have made bullish Avalanche price predictions, suggesting that the coin is <a href="https://x.com/Frogamoto_/status/1788572693350002995" target="_blank" rel="noopener noreferrer nofollow">gearing up for a breakout</a> and may climb above $40 by the end of Q2. Thus, the Avalanche coin is among the best DeFi coins to buy now.
<h2 dir="ltr" id="span-uniswap-uni-witnesses-low-market-activity-span">Uniswap (UNI) Witnesses Low Market Activity</h2>
While Uniswap coin has witnessed low market activity in the past few weeks, the DeFi giant is among the best cryptocurrencies to invest in 2024. The decentralized trading protocol facilitates the trading of automated DeFi tokens and aims to enhance and uphold automated token trading.
What’s more interesting is that the blockchain is open to anyone needing it. Amid the recent market optimism attributed to Bitcoin’s resurgence, Uniswap crypto attempted to break out on the upper support level but failed as bearish forces dominated the market.
The Uniswap price downtrend can be attributed to decreasing daily whale transactions and declining trading volume. However, the price of Uniswap is trading above its 100 and 200-day EMAs, signaling an incoming bull run. With this view, many analysts have picked Avalanche coin among the best coins to buy and hold for long-term crypto investment.
<h2 dir="ltr" id="span-maker-s-rune-christensen-sells-12-billion-shib-and-75k-ldo-span">Maker’s Rune Christensen Sells 12 Billion SHIB and 75K LDO</h2>
Maker is another DeFi platform with the potential for higher growth in the next bull market. Based on its price performance and strategic network development, Maker Coin is ready to spike above its upper resistance level. Recently, the price of Maker increased considerably after its founder, Rune Christensen, sold off large amounts of SHIB and LDO and bought Maker Crypto.
The remarkable exchange triggered an MKR surge and increased market activity in the ecosystem. However, it slipped back to its bearish trend, but analysts are optimistic. They suggest that Maker's technical indicators are green, reflecting that the bulls are still controlling the market.
Should the current market sentiment remain the same for the Maker coin, then a price surge is imminent. Therefore, experts have made bullish Maker price predictions, suggesting the DeFi coin is ready to climb above the $3000 mark. Thus, Maker Crypto is among the best DeFi coins to watch in 2024.
<h2 dir="ltr" id="span-final-thoughts-span">Final Thoughts</h2>
With the ever-evolving DeFi realm, the above tokens are contenders in the broader market. Based on their network strategic development, market performance, and potential for further astronomical growth, they’re the best DeFi coins to invest in. However, KangaMoon has a slight advantage over them.
With a small market capitalization, KangaMoon requires fewer funds to trigger a double-fold in its values, making it the best DeFi coin for 2024. Remember, this is not investment advice; savvy investors need to research before making cryptocurrency investments.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://kangamoon.com/</a>
Join our KangaMoon community:<a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">https://t.me/kangamoonofficial</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-senate-overturns-sec-s-disapproving-rule-on-custodying-cryptos-bull-market-incoming-here-are-the-top-defi-coins-to-buy-tbt88981.html">https://thebittimes.com/us-senate-overturns-sec-s-disapproving-rule-on-custodying-cryptos-bull-market-incoming-here-are-the-top-defi-coins-to-buy-tbt88981.html</a>

US Senate Overturns SEC’s Disapproving Rule on Custodying Cryptos, Bull Market Incoming? Here are the Top DeFi Coins to Buy

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TheBitTimes

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