The Decentralized Finance (DeFi) market has steadily grown over the past few years, as it continues to provide solutions to traditional finance (TradFi problems). Key crypto industry figures have forecasted that the DeFi market will make even bigger strides in 2024.
With a bull market just at our doorsteps, investors are looking for the best DeFi projects to invest in. In this article, we will explore 7 of the must-have DeFI coins and why they can yield significant returns in 2024.
7 Top DeFi Coins To Buy in 2024
The DeFi market is expansive, covering thousands of projects. However, we have included a brief summary of the top DeFi coins to buy in 2024.
A Deep Dive Into The Best DeFi Projects To Buy
Let's take a deeper look into the fundamentals that have made these 7 DeFi tokens must-haves for every investor entering into the 2024 bull market.
Pullix (PLX) is one of the new DeFi projects looking to transform the cryptocurrency trading market. Pullix accomplishes this by creating a platform that combines decentralized and centralized exchange functionality.
With only one account, traders on Pullix have easy access to a large variety of assets, including FX, commodities, ETFs, and cryptocurrencies. The revenue-sharing concept of PLX through trade-to-earn is an additional intriguing element.
Pullix will reward users for trading on the exchange with a portion of the revenue generated on the platform. Users can generate even more passive income by providing liquidity on the platform, staking, and yield farming.
The features of the exchange are what make PLX one of the top DeFi tokens to hold in 2024. PLX is currently valued at $0.014, following a 250% price increase. In the 2024 bull market, experts predict gains of up to 50x for Pullix.
|
Presale Started |
December 2023 |
|
Mode of Purchase |
BTC, ETH, USDT, SOL, USDC, BNB |
|
Chain |
Ethereum |
|
Min. Investment |
$10 |
|
Max. Investment |
None |
Because it enables programmers to create decentralized apps (dApps) on top of the Bitcoin blockchain, Stacks (STX) has become more well-known.
Proof of Transfer (PoX), a special consensus technique used by Stacks, enables STX holders to earn Bitcoin through Stacks ecosystem participation.
In 2023, STX saw significant price hikes. Still, the DeFi coin price might rise by another 300% in 2024 as dApps on Bitcoin gain traction.
Sold as the world's most ready production blockchain, Aptos is specifically launched to improve financial services in the DeFi market.
Aptos gives its users the opportunity to earn passive income by lending their crypto assets to other users or borrowing crypto assets at competitive rates.
In January 2023, APT recorded a remarkable 500% price increase. While it has since retraced back to the $9 range, many experts back Aptos to form a new ATH in 2024. This makes the APT DeFi coin a good buy.
VeChain (VET) is a DeFi project that focuses on supply chain management and enterprise solutions, and over the years, its adoption has increased significantly.
The team behind the project have outlined plans for expansion in 2024. While this is enough to make VET a good DeFi cryptocurrency to buy, technical analysis also supports a VeChain price breakout. In 2024, VET could see gains ranging from 2-10x.
Immutable (IMX) is a DeFi platform designed to meet the needs of a specific market. For minting and exchanging NFTs, in-game items, and game development, Immutable offers a smooth experience.
It also provides carbon neutrality, no gas prices, and 9000 transactions per second (TPS) processing capacity. For scalability and security, Immutable X leverages Starkey, a zero-knowledge-proof technology from StarkWare.
With the gaming market growing at a massive rate, the Immutable DeFi coin price is expected to see a significant increase. From the range of $3, IMX could break above $10 in 2024.
Injective (INJ) is a top decentralized platform for fast, secure, and seamless trading of any asset. The DeFi coin has shown its potential in the past few months, setting multiple all-time highs.
With the entrance of more TradeFi into the DeFi space, Injective is poised to benefit. This is why some crypto experts believe Injective could reach heights of $100 in 2024 from its current range at $33.
7. Celestia (TIA) – The Leading Modular Blockchain Network
Because of its innovative technical ideas, Celestia ($TIA) has become one of the modular blockchain networks with the fastest rate of growth. Being a unique project, $TIA has gained traction in the cryptocurrency space fast, setting multiple records by 2023.
Numerous cryptocurrency experts have recommended Celestia as one of the best altcoins to buy in during the bull market, and they expect its network expansion to continue until 2024.
Celestia provides a range of investment alternatives, such as earning from financing expenses, gaining drift points, boosting staking income, and taking part in airdrops. In 2024, a lot of cryptocurrency experts predict a threefold increase in price.
What are DeFi Coins?
DeFi, short for Decentralized Finance, is an umbrella term used to describe peer-to-peer financial applications built on public blockchains.
DeFi projects typically focus on finance, but with a key feature, they are decentralized. This means that they do not require a central body to control the application or project.
Most of these projects have their specific currencies (DeFi coins) used to access its features.
Why Every Investor Needs DeFi Coins in Their Portfolios
Over time, DeFi coins have become more and more popular. Some of the grounds for investing in DeFi coins are listed below.
Conclusion
These seven essential DeFi coins are projected to witness enormous gains, as the DeFi market is predicted to grow rapidly in 2024 and beyond. However, Pullix sticks out since it offers the best potential for the future in addition to fantastic options for passive income.
For more information regarding Pullix’s presale see links below:
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