In the fast-changing DeFi market, market dips regularly create money-making opportunities for veteran traders. In this article, we will discuss five top DeFi coins that are worth buying during a market slump: KangaMoon (KANG), Avalanche (AVAX), Chainlink (LINK), Internet Computer (ICP) and Uniswap (UNI).
KangaMoon (KANG): Among the Most Promising New DeFi Projects
KangaMoon (KANG) has been gaining traction in the DeFi market because of its stellar presale performance. Notably, KangaMoon is on pace to raise $7M before May 2024 ends, as it has now obtained over $6M. Given that the market is declining, this could be the perfect moment to buy KangaMoon since it will follow an upward trend until then.
This DeFi coin will be the backbone of a Play-to-Earn (P2E) game. For example, KANG will buy in-game items and upgrade characters in KangaMoon’s upcoming game. Additionally, KangaMoon will provide all KANG holders with exclusive access to weekly, monthly, or quarterly challenges for extra rewards.
KangaMoon has unique SocialFi features that distinguish it from other DeFi coins. Notably, KangaMoon gives its most active users free KANG tokens before the official launch, which drives up participation on different social media channels. This led to one of the most vibrant communities regarding activity levels among all cryptocurrencies.
Now priced at only $0.0196 during Stage 5, the KANG value is expected to grow further as it continues moving forward. Early buyers have already seen a 290% ROI. Additionally, experts anticipate prices rising to $0.5 when a Tier-1 CEX lists this DeFi coin in Q2 2024 after recognizing its connection with the P2E gaming market, which may be worth $885M by 2028.
Avalanche (AVAX): Another Good DeFi Crypto
Next, we have to talk about Avalanche (AVAX), a blockchain project that wants to transform DeFi and more. By processing transactions rapidly, charging low fees, and having a scalable architecture, AVAX provides a strong foundation for creating dApps. With the recent decline in DeFi markets, Avalanche remains one of the best choices for traders.
The Avalanche price movement rose from $16.85 to $31.57 in the past year alone. During that time, its market cap also jumped from $5.59B to $11.97B. Moreover, this DeFi coin is now trading above its 50—and 100-day EMAs. Due to all these reasons, experts have made a bullish Avalanche price prediction—reaching $45 before the end of Q2 2024.
Chainlink (LINK): On the Best DeFi Crypto List
Chainlink (LINK) is another good DeFi coin to watch during a market dip. LINK can be used on any blockchain and offers secure solutions while also allowing for the creation of trustless interoperable DeFi applications in different blockchains. With this utility, Chainlink may be a good option for traders in the current market downturn.
The price of LINK increased from $6.98 to $12.78 on the YTD chart. The Chainlink market cap surged from $3.61B to $7.50B in that period. Additionally, over six technical indicators are in the buy zone for this DeFi crypto. As a result, market analysts predict that the Chainlink coin may reach a value of $18.84 within Q2 of 2024.
Internet Computer (ICP): A Dominant Force in the DeFi Market
The second-to-last place on our top DeFi coins list is Internet Computer (ICP). Rather than depending on cloud-based servers, ICP runs through a decentralized network that relies on specialized hardware provided by separate entities. Because of this, many traders gravitate toward the Internet Computer coin amidst market volatility.
The Internet Computer price jumped from $5.73 to $12.56 over the past year alone. During that period, its market cap also skyrocketed from $2.50B to $5.81B. This DeFi coin is also trading above its 100—and 200-day EMAs at the moment. Therefore, experts forecast that Internet Computer will hit $17.74 before the end of Q2 2024.
Uniswap (UNI): A Member of the Top DeFi Projects
Last, we must mention Uniswap (UNI) – an innovative DEX. Uniswap has been instrumental in expanding DeFi, where people can trade ERC-20 tokens without intermediaries. With an engaged community and inventive elements, Uniswap is one DeFi coin worth watching during market downturns.
The Uniswap price grew from $5.32 to $6.75 on the YTD chart. The Uniswap market cap jumped from $3.11B to $4.04B during that time. Not only that, but there are now six technical indicators in green for Uniswap crypto. Because of this, market analysts predict that Uniswap could be worth $10 within Q2 of 2024 ends.
What Is a DeFi Coin?
A DeFi coin is a cryptocurrency that allows financial transactions in a decentralized manner. Typically, such coins are established on blockchain networks which means there is no need for banks.
What Are Some Perks of DeFi Coins?
DeFi coins offer several perks that distinguish them from traditional financial assets. Here are some key perks of DeFi coins:
- Decentralization: This is where DeFi coins shine since no single person or entity controls them.
- No need for permission: Anyone with digital currency and an internet connection can take part in DeFi because it does not require one to get approval or go through intermediaries.
- Accessibility across borders: Even if someone lives outside banking infrastructure zones, they still have access to financial services provided by DeFi coins.
Conclusion
In the market dip, this is the best time to buy promising DeFi coins. Currently, KangaMoon, Avalanche, Chainlink, Internet Computer, and Uniswap lead the pack. However, one stands out—KangaMoon, with its low market cap of $19.6M. This means it needs fewer new funds for its price to rise. To buy this DeFi coin, follow the links below and get a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
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