DeFi
Top DeFi Coins That Can Surge 5x in the Coming Weeks
The crypto market beat expectations in April, with most of March’s gains being reversed. Many cryptocurrencies saw monumental declines, with Bitcoin returning to $65,000 after hitting $73 the previous month. Even the trendy Bitcoin halving did not improve the mood, as many tokens were plundered into the sewers.
However, the right time is coming and the crypto market will rise again. While waiting for the moment of rise, this moment of decline is a huge opportunity to buy solid tokens at low prices. With an impressive performance history, the following tokens are expected to rise over the course of the month, bringing back March highs. Looking at their fundamentals and growth potential, KangaMoon, Aave, Jupiter, Injective, and The Graph are some of the best DeFi projects to look into.
KangaMoon (KANG)
The evolution of DeFi tokens has reached a new level with KangaMoon (KANG) bringing a new spectrum of innovation. KangaMoon is designed to be a game-changer in the gaming market by merging elements of play-to-earn and social interaction into a standalone DeFi token. Not only does KangaMoon have true utility that sets it apart from others, but the token is also a community token with high stake members.
The KangaMoon ecosystem includes DeFi, NFTs, and a gaming battle arena. Players earn hugely from in-game battles that take place every week, month, and quarter of the year. As such, there are plenty of rewards up for grabs. Around 150,000 KANG tokens are awarded as rewards for game success, while an additional 100,000 tokens are reserved for prizes and giveaways.
The platform already has over 20,000 participants and over 6,000 holders and is currently on the verge of raising $7 million in pre-sales. Likewise, early buyers made a massive 290% profit, with the current sale price being $0.0196. However, KangaMoon’s potential far exceeds his past achievements. For example, the token has a significant stake in the NFT market, poised to hit a $200 billion industry.
With such a promising future, now is the best time to embark on the KangaMoon project. As the project moves to the next phase of token listing, new investors can become part of a growing ecosystem with the ability to generate a 5x ROI in Q2 2024. According to all standards, KangaMoon projects the future of DeFi gaming and investors should quickly add it. DeFi token on their wish list for huge growth in 2024.
Aave (AAVE)
The next token on our list of best DeFi coins is Aave. Launched in 2017, Aave is the leading borrowing and lending protocol, projecting the future of decentralized finance. During the 2021 bull run, Aave price was a force to be reckoned with, hitting an all-time high of $666. With a rich history as a DeFi protocol, the strong Aave community is an added advantage that could shape its direction in the coming months.
While the market is down, the Aave community fervently projects the protocol’s image with innovation, partnership, and upgrades. Key events such as the early approval of the Ethereum ETF are also expected to trigger a massive bull market rally for Aave coin.
Meanwhile, Aave’s trading volume and market capitalization saw a massive increase over the past few weeks before the market retracement. With the increased interest in the Aave protocol from developers, users, and enthusiasts, the price of Aave could reach $200 in June, making it one of the top DeFi coins to watch.
Jupiter (JUP)
Jupiter is one of the most powerful Solana-based DeFi protocols, acting as a liquidity aggregator for many platforms. However, Jupiter has gone beyond an aggregator platform, integrating a host of features such as DEX aggregator, Dollar-Cost Averaging (DCA), and futures trading into its functionality. Jupiter’s outlook projects it as one of the top DeFi cryptos expected to be massively accumulated.
In the latest news from Jupiter, the platform plans to develop a stablecoin that would rival the two famous stablecoins USDT and USDC. Its SUSD stablecoin project will be fully supported by the Solana ecosystem and is intended to be more decentralized and interest-free. With this decision by Jupiter, the future of the token is assured. As this revolutionary innovation develops, Jupiter will see increased adoption, which could pave the way for a huge increase in its token price.
Meanwhile, Jupiter market sentiment over the past 90 days has been positive. From a price of $0.5 in early March, Jupiter price rose to $1.79 in early April. This rise led Jupiter’s market capitalization to exceed $1.5 billion. With the latest news from Jupiter, the token could break its ATH record in the coming weeks. An increase to $5 is planned during the month.
Injective (INJ)
Another token investors should accumulate in this dip is Injective, an interoperable layer 1 blockchain that powers the next generation of applications. The Injective network offers a host of services including derivatives trading, lending protocol, and more. Injective provides core financial services, integrating all kinds of financial markets such as spot, futures, perpetual and options into its on-chain calendars. Injective thrives on a fast, fully decentralized, cross-chain financial structure, allowing developers to build DeFi applications.
Although the price of Injective has fallen over the past month, there are high hopes that it will increase in the coming weeks. Despite the market turmoil, Injective trading volume has seen massive growth, indicating that INJ is gaining traction among holders. With the current trend toward tokenization of real-world assets, Injective is a leader taking advantage of this trend. Projecting the future of decentralized finance, INJ is one of the DeFi cryptos that will grow soon.
The chart (GRT)
The chart is the latest in the list of decentralized cryptocurrencies that can be a good investment for investors buying on the dip. The network is used to index and query data from different blockchains. What sets The Graph apart is that it allows anyone to create and publish an application programming interface (API) using the GraphQL query language. As such, it delves deeper into DeFi and Web3 application development, enabling developers to create highly scalable web applications.
As an Ethereum-compatible protocol, the approval of the Ethereum ETF could begin a recovery for the GRT token. Graph’s market cap exceeds $2 billion, indicating that there is absolute growth potential domiciled in the token. With wide expansion across 40+ blockchains, including layer 2 blockchains, The Graph is one of the DeFi projects that will shine in the bull market. Many Graph price predictions signal a rise to the $1 mark before the end of Q2, making it one of the DeFi tokens to invest in now.
Final Thought
Although intense bearish sentiments have affected many DeFi tokens, the next phase is expected to usher in a bull market. As such, this article has made the job easier for investors by highlighting the top DeFi coins that should be purchased now that the market is down. By accumulating these tokens, investors could be on their way to massive success in 2024.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial