Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins
The post Mark Cuban Says Silicon Valley Supports Trump Because of Crypto Stance; Experts Bullish On DeFi Coins appeared first on Coinpedia Fintech News
According to Mark Cuban, Silicon Valley’s support of Donald Trump is due to Bitcoin. This has provoked much discussion among people who work with digital money. In light of this, whales are accumulating different DeFi tokens because they expect them to bring in huge profits.
Therefore, we are going to look at five DeFi tokens – DTX Exchange (DTX), Avalanche (AVAX), THORChain (RUNE), Lido DAO (LDO) and Internet Computer (ICP) – that smart traders should keep an eye on. While many are already established, DTX Exchange is a Stage 2 presale phenomenon that analysts have pegged as the next 100x DeFi crypto in 2024.
DTX Exchange (DTX): Among the Top DeFi Projects
DTX Exchange (DTX) is an emerging powerful force in the DeFi market, considering the performance of its presale. It has raised over $1M and is expected to reach $2M before July 2024 ends. It has soared by 100% so far, causing major YouTubers like Crypto Legends to notice. He claims those who buy this DeFi crypto will unlock their potential.
What makes DTX Exchange unique, among others, is that it has created a hybrid trading platform that combines CEX and DEX. This means that users can trade 120,000 asset classes, such as gold, bonds and even cryptocurrencies, with leverage of up to 1000x without KYC checks. These features could result in millions of privacy-conscious traders flocking to it.
The DTX utility token plays a vital role in this platform. Holding this DeFi coin will give you access to advanced analytics tools and reduced trading fees. Also, those who buy $100 of DTX during its presale will enter a $1M giveaway. In this giveaway, ten lucky people will win $100K each.
This DeFi crypto costs only $0.04 as it is in Stage 2 of its presale. This is a 100% rise from its starting price. Additionally, its value will rise to $0.06 once Stage 3 begins – a 50% ROI if you buy it now. Given all these factors, market analysts predict a 100x surge once it hits Tier-1 exchanges in Q3 of 2024.
Avalanche (AVAX): Finally Breaking Out
Avalanche (AVAX) is another DeFi crypto-making wave in the market. Over the past 12 months, the Avalanche price increased by over 95%, per CoinMarketCap data. Crypto analyst Captain Faibik also made a bold statement about this DeFi coin. In his X post, Faibik claims that AVAX is finally breaking out of its falling wedge pattern and may soar to $53.
The technical analysis of the Avalanche crypto backs up this claim. For example, AVAX trades above its 100-day EMA with 17 green technical indicators. As a result, market analysts foresee a surge to $33 before Q3 of 2024 ends in their Avalanche price predictions.
THORChain (RUNE): Market Analyst Remains Bullish
Next, we must discuss THORChain (RUNE) – a DeFi crypto trading in the green. CoinMarketCap data shows that the THORChain price jumped nearly 350% in the last year alone. The analyst Flash remains bullish for this DeFi crypto. According to his X post, RUNE may see a jump to $7.38 soon.
From a technical analysis perspective, the future of the THORChain crypto also appears bright. In fact, around 19 technical indicators show buy signals while RUNE trades above its 100 and 200-day EMAs. When making their THORChain price predictions, experts note all these factors. Thus, they predict RUNE will trade at $6.33 within Q3 of 2024.
Lido DAO (LDO): Double Digits Potential
Lido DAO (LDO) has also made some noise in the DeFi market. According to the YTD chart, the Lido DAO price fell nearly 3%, per CoinMarketCap data. However, crypto analyst Alex Clay made a bullish statement. His X post claims that LDO is on his top 5 crypto list and may reach $6 soon.
The technical analysis for the Lido DAO token also shows bullish signals. For example, LDO is now trading above its 100-day EMA while 12 technical indicators are in the buy zone. As a result, market analysts have made a bullish Lido DAO price prediction—reaching $6.48 before Q3 of 2024 ends.
Internet Computer (ICP): Major Milestone Achieved
Internet Computer (ICP) is another DeFi token with some exciting developments. Notably, DFINITY revealed a major milestone—over 84B messages have already been processed on Internet Computer in 2024. This is a big achievement as 56% of these messages are write operations that need consensus.
This bullish Internet Computer news could also affect its value. Speaking of which, the Internet Computer crypto value rose nearly 150% in the past 12 months. Additionally, around 22 technical indicators are in the buy zone for ICP. Due to all these factors, experts foresee a jump to $12 within Q3 of 2024.
Closing Thoughts on the Best DeFi Projects
Whales buy up the potentially valuable DeFi tokens while Mark Cuban makes bold statements. In this environment, DTX Exchange gains a competitive edge. Unlike Avalanche, THORChain, Lido DAO and Internet Computer, this rookie has a lower market cap and ties to many trillion-dollar financial markets, like the $1.4T FX one.
With these advantages, DTX will rise faster on the price charts while remaining more stable in the long run. If you wish to buy it, sign up for the DTX presale using the links below.
