In cryptocurrency, DeFi coins are stealing the spotlight as they attract everyone looking for fast returns. Seeing how we’re advancing in 2024, keeping up with what’s hot in the DeFi coin market is essential. Today, we will go over the top five must-have DeFi coins that are about to explode at any moment.
The 5 Best DeFi Coins To Buy Right Now
Now, we will list the top 5 DeFi coins you should keep an eye on, briefly describing each. However, we will go into more detail on these DeFi coins later.
1. Meme Moguls (MGLS): Number one on the list, we have MGLS, which stands out in the sea of DeFi coins. Offering real utility as a governance token and an in-game currency for their upcoming game MGLS is something special. Meme Moguls has raised close to $2.5M in its ongoing presale. 2. THORChain (RUNE): By using its cross-chain capabilities, THORChain is able to make swapping assets across blockchains extremely easy. This makes it one of the DeFi coins to watch. 3. Internet Computer (ICP): The ultimate goal of this DeFi project is to create a decentralized internet, providing developers with an efficient platform. 4. Aave (AAVE): Aave remains a strong force in the DeFi lending space, providing users with the decentralization to lend and borrow their assets. 5. MultiversX (EGLD): MultiversX is a blockchain-distributed network for next-gen DeFiapplications.
A Closer Look at the Top DeFi Tokens and Projects
Now, it is time to learn more about these DeFi coins. All of them are worth watching as they possess tremendous growth potential. First, we will start with Meme Moguls - a newcomer in the DeFi coin market.
1. Meme Moguls (MGLS): The Next 100x DeFi Coin
As Meme Moguls (MGLS) launches its Stage 5 presale, it gives a 30% deposit bonus. This has turned heads, and the coin is booming in popularity. Meme Moguls has two purposes. It is a governance token that also doubles as the in-game currency for an upcoming game called Meme Moguls.
The play-to-earn game promises to give players a chance to learn more about investing and wealth-building. This DeFi project’s primary goal is to place within the top 20 on the Wealth Leaderboard, and those who manage to do so will win part of a cash prize pool created from some of Meme Moguls’ daily revenue.
While the Defi coin currently stands at $0.0036 during Stage 5 of its presale, early investors already see an ROI of 90%. However, it’s not even close to being done yet - industry experts predict that when MGLS hits exchanges sometime during Q1 of 2024, it will see over a 100x surge.
So far, this DeFi coin has helped raise close to $2.5M, and with its presale ending this month on Feb. 28th, things are looking good for Meme Moguls.
2. THORChain (RUNE): Experiences a Bullish Rally
Recently, THORChain (RUNE) has been making headlines with its value soaring on the charts. For instance, this DeFi coin’s price has jumped from $5.38 to $5.81 in the past week alone. In that time, the THORChain market cap also grew from $1.82B to $1.96B.
From a technical analysis perspective, this DeFi coin may continue this bullish trend. To clarify, THORChain now trades above its 100 and 200-day EMAs while also having over 25 technical indicators in the green. As a result, experts remain bullish as they predict that this DeFi coin may surge to $8.08 within Q2 of 2024.
3. Internet Computer (ICP): A New Horizon for Web3
After THORChain, we also have Internet Computer (ICP). This DeFi coin is gaining attention once more as it has already risen by 4.20% in the past week alone. As per CoinMarketCap data, the Internet Computer price has increased from $12.59 to $13.12. Its market cap also grew from $5.74B to $6.01B in that period.
Internet Computer is also trading above its 50 and 100-day EMAs, painting a bullish picture. As a result, experts in the crypto field predict that ICP - one of the established DeFi coins - may reach a value of $19 within Q2 of 2024.
4. Aave (AAVE): A Shining Star in the DeFi Coin Space
Up next, we have Aave (AAVE). This DeFi coin has also turned some heads recently. The Aaveprice has increased from $87 to $91 over the past seven days. Its market cap grew from $1.28B to $1.35B during that period.
Sentiment is bullish for this DeFi coin as 18 technical indicators are flashing buy signals. Additionally, Aave is now trading above its 50 and 100-day EMAs. With these factors in mind, market analysts predict that Aave may hit $0.000022 within Q3 of 2024.
5. MultiversX (EGLD): Soaring on the Price Charts
And finally, MultiversX (EGLD) - another established DeFi coin. It has managed to make headlines recently with its significant price surges. For instance, the MultiversX price jumped from $54 to $58 last week. Its market cap increased from $1.45B to $1.56B in that period.
Furthermore, the technical analysis for MultiversX also shows bullish signals. For instance, this DeFi coin now has 24 technical indicators in the green. Because of this, experts are confident as they foresee a pump to $83 for MultiversX within Q2 of 2024.
What are DeFi Coins?
Decentralized Finance or DeFi coins are a complete game changer. Using the power of blockchain tech, they can give people financial services that are decentralized and can be used from anywhere in the world. With how fast the DeFi market has been innovating it seems like there are no limits for it now.
Are DeFi Coins a Wise Investment Choice?
If you want to get into the modern world of decentralized financing, getting involved with DeFicoins is one of the best ways to do it. Traditional finance is old and doesn’t include everybody, but DeFi does. People can participate in finances that are inclusive, transparent, and decentralized with it.
Eliminating Middlemen
Thanks to DeFi projects, banks are no longer needed as traditional intermediaries. Transactions become automated through smart contracts which reduces costs and boosts efficiency. Decentralization allows users to have more power over their assets and financial activities.
Multiple Paths to Yield
So, the whole game of DeFi is finding new ways to make your money grow with every turn. You can get on this train through liquidity provision, staking, and yield farming. With a return like that, it’s no wonder why people flock towards DeFi coins for passive income in crypto.
Innovation
New DeFi projects such as Meme Moguls are constantly popping up, one after another. As each new one comes out, they seem to bring something fresh with them. They’ve made the industry super flexible and filled with potential for countless individuals.
Accessibility and Financial Inclusion
DeFi coins operate on blockchain networks, which enable borderless and decentralized financial services. Therefore, anyone can access them no matter where they are from.
Final Thoughts
These cryptos are the best DeFi coins to buy. However, Meme Moguls stand out. Unlike THORChain, Internet Computer, Aave and MultiversX, Meme Moguls has a low market cap of $10.8M. In other words, its price will surge much faster as fewer new funds are needed. Thus, MGLS could emerge as the leading DeFi coin investors focus on.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
