Token

Lido DAO

DeFi

Coin

Many DeFi coin whales have recently turned their attention towards <a href="https://dtxexchange.com?utm_source=thecoinrise&amp;utm_medium=arts&amp;utm_campaign=36" rel="noopener noreferrer nofollow">DTX Exchange (DTX).</a> They believe that this token has more potential than Avalanche (AVAX), Chainlink (LINK), Ethena (ENA), Fantom (FTM), Lido DAO (LDO), THORChain (RUNE) and Stacks (STX). In fact, they hint that this rookie, now in Stage 2 of its presale, may soar by 50x in 2024. Let’s see why.&nbsp;
<h2 id="span-style-font-weight-400-dtx-exchange-dtx-a-defi-coin-soaring-by-100-span">DTX Exchange (DTX): A DeFi Coin Soaring by 100%</h2>
DTX Exchange (DTX) is emerging as one of the most promising new DeFi projects. The coin has seen its price rise by 100% which has attracted many traders. Moreover, a $1M giveaway to 10 lucky DTX holders ($100K each) is bound to attract more people to this rising star. All that is needed is a $100 participation in the DTX presale.
This DeFi project combines the best features of CEX and DEX, creating a hybrid trading model. Traders using the DTX Exchange can trade over 120,000 financial instruments like stocks, FX and cryptocurrencies at leverages of up to 1000x without KYC checks during registration. This means complete privacy while trading—a feature desired by millions.
The DTX Exchange revolves around the DTX utility token. Owning this DeFi coin guarantees reduced trading fees on the platform, among other rewards such as voting rights and access to enhanced analytics. Solid Proof audited this token to ensure its safety and DTX passed with high marks.&nbsp;
Currently, one DTX token costs just $0.04 – a 100% rise from its starting price of $0.02. However, this is a Stage 2 presale price and more price increases will occur as it advances. A 50% rise will happen when Stage 3 comes. Due to all these factors, experts foresee a potential 50x surge once a Tier-1 CEX lists this DeFi coin in Q3 of 2024.
<h2 id="span-style-font-weight-400-kaleo-remains-bullish-for-the-avalanche-crypto-span">Kaleo Remains Bullish for the Avalanche Crypto&nbsp;</h2>
Recently, Avalanche (AVAX) has been riding a bullish wave in the DeFi market. <a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">CoinMarketCap data</a> shows that the Avalanche price increased nearly 190% in the past year alone. Crypto analyst Kaleo also made a bullish statement about this DeFi coin. <a href="https://x.com/CryptoKaleo/status/1792922499295944870" rel="noopener noreferrer nofollow">According to his X post</a>, AVAX is ready for another leg up as it continues to outperform BTC.&nbsp;
The technical analysis of the Avalanche crypto also supports this statement. For example, AVAX is trading above its 50 and 100-day EMAs while having 24 green technical indicators. As a result, experts in the crypto field foresee a potential surge to $53 within Q2 of 2024 in their Avalanche price predictions.&nbsp;
<h2 id="span-style-font-weight-400-chainlink-link-expanding-partnership-with-arta-techfin-span">Chainlink (LINK): Expanding Partnership With Arta TechFin&nbsp;</h2>
Chainlink (LINK) is another DeFi project gaining attention due to some exciting developments. Notably, <a href="https://x.com/chainlink/status/1792952043893608581" rel="noopener noreferrer nofollow">Chainlink announced</a> that it will expand its partnership with Arta TechFin to tokenize real-world assets, mainly real estate. This development paints a bright future for this DeFi coin as more traders could gravitate towards it.&nbsp;
The LINK value movement has surged over 150% on the YTD chart. Additionally, over 27 technical indicators are now in the buy zone for the Chainlink crypto as it trades above its 100—and 200-day EMAs. Because of all this bullish Chainlink news, market analysts forecast a rise to $20 before Q2 of 2024 ends.&nbsp;
<h2 id="span-style-font-weight-400-whale-activity-may-cause-an-ethena-price-rally-span">Whale Activity May Cause an Ethena Price Rally</h2>
Ethena (ENA) is also climbing up the DeFi crypto-list with its gains. <a href="https://coinmarketcap.com/currencies/ethena/" rel="noopener noreferrer nofollow">CoinMarketCap data</a> shows its value has risen by 20% in the last 12 months. The crypto community is showing interest in Ethena crypto, as <a href="https://x.com/spotonchain/status/1792810691344347322" rel="noopener noreferrer nofollow">Spot On Chain now reports</a> that a multisign will make $1.87M from ENA in just four days.&nbsp;
Furthermore, over 12 technical indicators are now in the buy zone for this DeFi coin. As a result, experts have made a bullish Ethena price prediction. They foresee a surge to $1.02 for Ethena within Q2 of 2024.&nbsp;
<h2 id="span-style-font-weight-400-fantom-ftm-new-sonic-network-details-span-span-style-font-weight-400-span">Fantom (FTM): New Sonic Network Details&nbsp;</h2>
Meanwhile, Fantom (FTM) has been making headlines in the DeFi market. Recently, <a href="https://forum.fantom.network/t/the-new-frontier-building-the-sonic-boom/875" rel="noopener noreferrer nofollow">Fantom revealed</a> new details about its upcoming L1 chain Sonic Network in a blog post. This blockchain network will connect to vast amounts of liquidity, users and protocols by a native L2 bridge.
This major Fantom news could trigger a bullish run for this crypto. Speaking of which, the Fantom coin value surged nearly 150% on the YTD chart. Moreover, this DeFi project trades above its 100 and 200-day EMAs, while 28 technical indicators are green. Therefore, market analysts predict a rise to $1.29 before Q2 of 2024 ends.&nbsp;
<h2 id="span-style-font-weight-400-lido-dao-ldo-resolving-a-major-breach-span">Lido DAO (LDO): Resolving a Major Breach&nbsp;</h2>
<a href="https://x.com/LidoFinance/status/1792872472708059511" rel="noopener noreferrer nofollow">Lido DAO (LDO) announced</a> that it has resolved a significant security breach that affected the Numic Node Operator on the Ethereum protocol. Moreover, it was resolved without any loss of funds or adverse effects on node operations. Following this Lido DAO news, its value soared. In this regard, the Lido DAO token saw growth of 3% in the past year.
The technical analysis of this DeFi crypto also shows some bullish signals, as 21 indicators are in the buy zone. As a result, experts predict a potential surge to $5 before the end of Q2 2024 for Lido DAO.&nbsp;
<h2 id="span-style-font-weight-400-thorchain-price-analysis-an-uptrend-coming-span">THORChain Price Analysis: An Uptrend Coming&nbsp;</h2>
THORChain (RUNE) is currently one of the top DeFi projects. <a href="https://coinmarketcap.com/currencies/thorchain/" rel="noopener noreferrer nofollow">According to CoinMarketCap data</a>, the THORChain price increased over 500% in the last 12 months. Additionally, its market cap grew from $360M to $2B in that period. As the DeFi market gains more traction, traders could also gravitate to this crypto, causing its price to increase.&nbsp;
From a technical analysis standpoint, this upward trajectory is poised to continue. For example, the THORChain crypto is trading above its 100 and 200-day EMAs as 28 technical indicators are showing buy signs. Because of this, market analysts forecast a surge to $8 within Q2 of 2024 in their THORChain price predictions.&nbsp;
<h2 id="span-style-font-weight-400-stacks-stx-a-bullish-rally-ahead-span">Stacks (STX): A Bullish Rally Ahead&nbsp;</h2>
Another prominent DeFi crypto, Stacks (STX), has recently been trading in the green. <a href="https://coinmarketcap.com/currencies/stacks/" rel="noopener noreferrer nofollow">According to CoinMarketCap data</a>, the Stacks price has surged over 230% over the past 12 months, while the Stacks market cap increased from $800M to $3B. If Bitcoin sees a surge, this DeFi coin could also rise.&nbsp;
The Stacks coin’s technical analysis is also bullish, as 13 technical indicators are flashing green. Thus, market analysts have made a bullish Stacks price prediction. They foresee a rise to $3.74 before the end of Q2 2024.&nbsp;
<h2 id="span-style-font-weight-400-can-dtx-exchange-outpace-these-top-defi-coins-span">Can DTX Exchange Outpace These Top DeFi Coins?&nbsp;</h2>
While Avalanche, Chainlink, Ethena, Fantom, Lido DAO, THORChain and Stacks are all DeFi coins worth watching, DTX Exchange is a favorite among whales. It only needs an injection of $19M in new funds for its current price to double, as its market cap is only $19M.&nbsp;
Furthermore, its entry into the trillion-dollar stock market may drive its growth to unprecedented levels. This makes DTX the best DeFi token to buy right now.&nbsp;
<a href="https://dtxexchange.com?utm_source=thecoinrise&amp;utm_medium=arts&amp;utm_campaign=36" rel="noopener noreferrer nofollow">Visit DTX Presale</a>
<a href="https://dtxexchange.com/uploads/DTXExchange.pdf" rel="noopener noreferrer nofollow">Read Whitepaper</a>
<a href="https://t.me/DTXExchange" rel="noopener noreferrer nofollow">Join The DTX Community</a>
The post <a href="https://thecoinrise.com/prominent-defi-coin-whales-are-stacking-up-on-this-new-exchange-token/" rel="noopener noreferrer nofollow">Prominent DeFi Coin Whales Are Stacking Up on This New Exchange Token</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Prominent DeFi Coin Whales Are Stacking Up on This New Exchange Token

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