DeFi
JPMorgan predicts volatility for Bitcoin in July as traders turn to DeFi coins
Bitcoin Could Face Turmoil in July Due to Mt. Gox Creditors, JPMorgan Says Traders Are Shifting to DeFi Coins
JPMorgan said that Bitcoin could have a turbulent July due to continued liquidations by Mt. Gox creditors, which could lead to significant selling pressure. Thus, traders are instead focusing on DeFi coins, those that can appreciate in value. For example, DTX Exchange (DTX)Fantom (FTM), Avalanche (AVAX), THORChain (RUNE) and Chainlink (LINK).
DTX Exchange (DTX): The DeFi Cryptocurrency with the Greatest Growth Potential
In the DeFi market, DTX Exchange (DTX) is making a name for itself. It has already raised over $800,000 through its presale. In fact, the presale is expected to reach $1 million by July 31, 2024, according to estimates. The project has even attracted a renowned crypto analyst Crypto Gemswho said it could be one of the biggest players in the market.
What sets it apart from other exchanges is that DTX has created a hybrid trading platform. On this platform, traders have access to over 120,000 asset classes, such as bonds and cryptos, all under one roof. This adaptability, coupled with leverages up to 1,000x higher than any other exchange, puts them on the path to massive expansion in a short period of time.
The core of the DTX Exchange ecosystem revolves around its utility token, DTX. By holding this DeFi coin, you gain governance voting rights and benefit from reduced trading fees. Additionally, if someone buys $100 worth of DTX during its presale, they are automatically entered into a $1 million competition, where ten lucky winners will each receive $100,000.
The price of this DeFi cryptocurrency is currently $0.04 as it is in Phase 2 of its presale. This is a 100% increase from its starting price of $0.02. However, its price will shoot up to $0.06 once Phase 3 begins, representing a 50% ROI for those who buy it now. Experts predict that DTX Exchange will increase 50x once a Tier 1 CEX lists it in Q3 2024, making it the most promising DeFi cryptocurrency.
Fantom (FTM): Still a Decent DeFi Project
Next up, we’ll mention Fantom (FTM), a major force in the DeFi space. According to CoinMarketCap DataFantom’s price has increased by nearly 90% in the past year alone. Additionally, crypto analyst Altcoin Sherpa says its price is consolidating at a key level. His post X states that FTM will be a decent project in the future, thanks to its Sonic pivot.
The technical analysis of Fantom crypto is also showing bullish signs. For instance, FTM is trading above its 100-day and 200-day EMAs while having 16 green technical indicators. Thus, market analysts have made a bullish price prediction for Fantom – reaching $0.73 before the end of Q3 2024.
Avalanche (AVAX): ETF registration likely
Avalanche (AVAX) is one of the most prominent DeFi projects at the moment. Recently, analyst Quinten made a bold statement about this crypto. According to QuintenAvalanche is likely to file and approve an ETF next year. This would bring significant attention to AVAX, which could help boost its value.
Speaking of which, the Avalanche crypto price has increased by over 110% on the YTD chart. Moreover, this DeFi coin is trading above its 100-day EMA and has 16 technical indicators in the buy zone. Due to all these bullish news and indicators of Avalanche, experts in the crypto space predict its value to surge to $34 during Q3 2024.
THORChain (RUNE): Now Open Source
Our analysts have also tagged THORChain (RUNE) as a DeFi project to watch as Bitcoin crashes. Recently, THORChain announced that it has now become open source. With this development, this DeFi project becomes more transparent and brings innovation into this space.
Thanks to this optimistic news about THORChain, its value could increase again. Over the past 12 months, RUNE has seen an increase of almost 300%. In the meantime, about nine technical indicators are showing buy signals. Market analysts take all these factors into account when making their price predictions. Therefore, they predict that the THORChain coin will trade at $5.46 before the end of Q3 2024.
Chainlink (LINK): A Bold Statement
Finally, we will talk about Chainlink (LINK). This is one of the best DeFi projects recently. Over the last 12 months, Chainlink’s price has jumped by almost 150%, according to CoinMarketCap DataCrypto Analyst Kyle Chassé says that LINK will be one of the top five cryptocurrencies before the end of 2024. This is a bold statement that could make waves in the market.
The technical analysis of the Chainlink cryptocurrency supports this claim. Notably, LINK is trading above its 100-day and 200-day EMAs while having 20 technical indicators in the buy zone. As a result, experts are predicting a potential jump to $16 during Q3 2024 in their Chainlink price prediction.
Final thoughts on this month’s top DeFi coins
As July speeds up and with it Mt. Gox’s creditors, Bitcoin is potentially facing a stormy month. However, DTX Exchange, Fantom, Avalanche, THORChain, and Chainlink are also picking up steam. While most of them will surge, one stands out: DTX Exchange. This new DeFi project has a smaller market cap and is tied to the $133 trillion bond market.
In other words, DTX will climb much faster on the price charts while remaining more stable in the long term. If you are interested in buying this DeFi coin, sign up for the DTX presale using the links below.
Disclaimer: This is a paid press release. BSC.News does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. The project team purchased this advert for $350. Readers should do their own research before taking any action related to the company. BSC.News is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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