5 DeFi Coins Destined To Outperform Solana (SOL)

5 DeFi Coins Destined To Outperform Solana (SOL)

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The Solana crypto recently went into a frenzy, as it climbed by 776.4% year-to-date (YTD). This engaged an optimistic outlook for the broader crypto market. As many began to see the positive uptrend for the overall market, traders and investors began to diversify their holdings. 

Out of the many DeFi coins available however, 5 gained significant attention both due to their recent price uptrend, alongside their technologies and overall innovations. Today, we will explore KangaMoon (KANG), Lido DAO (LDO), Aave (AAVE), Band Protocol (BAND) and Gnosis (GNO) to determine which cryptocurrency can experience the most significant gains in 2024 and beyond. 

KangaMoon (KANG) Introduces Social-Fi and P2E Elements and Can Surge 100x at Launch

KangaMoon (KANG) is an upcoming project that will introduce Social-Fi elements and a community-driven approach, alongside Play-to-Earn (P2E) features. These aspects have been a key catalyst for its major price growth, as since the start of the presale, the KangaMoon token has risen from a low point of $0.005 to a maximum value of $0.0196. Moreover, its blockchain ICO has raised over $4.7 million and it will break above the $5 million range by the end of the upcoming week, making it one of the top DeFi projects.

Its ecosystem stands out as it enables anyone on a global scale the opportunity to create their own KangaMoon character. Then, they can begin accessing matches, then competing against one another. Each player can then also complete challenges. Additionally, they can even spectate other people battling and place bets. 

They get rewarded with KANG tokens or non-fungible tokens (NFTs) by doing so, and there will be a dedicated marketplace in which these can be bought, sold or traded. There are over 5,800 holders of KANG. On top of the platform, over 20,000 users have already registered as-well. By the end of Q4, 2024, analysts are projecting a major 100x price upswing for this crypto, making it a solid DeFi cryptocurrency to get during 2024 and beyond. 

Lido DAO (LDO) Explodes by 27.5% – Price To Reach $4.43 by Q4

Lido DAO (LDO) is a staking solution built for multiple blockchains, including Ethereum, Kusama, Polkadot, Polygon and Solana, and provides a path through which anyone can pool tokens and stake them on Proof-of-Stake (PoS) based blockchain networks. By doing so, they can get various rewards. Its also a decentralized autonomous organization (DAO) that provides a liquid stacking solution, 

The Lido DAO price has experienced bullish price performance, as the cryptocurrency is up 27.5% year-to-date (YTD). In the past week, the Lido DAO crypto also went upwards in value by 14%, as it spiked from $2.38 to $3.01. By passing the $3 resistance, it is now positioned to reach significant gains in 2024 and beyond. According to the Lido DAO price prediction however, this DeFi cryptocurrency has the potential to reach $4.43 by the end of Q4, 2024. 

Aave (AAVE) Showcases Bullish Performance As It Breaks Above $130

Aave (AAVE) gained a rapid level of popularity in the DeFi space as it's a decentralized cryptocurrency platform that enables users an opportunity to borrow or lend cryptocurrencies with ease. The ecosystem achieves this through its unique utilization of smart contracts which are used to automate the process, with preset rules as to how funds get distributed, how the collateral gets handled and in which way the fees get assessed.

The Aave price has also performed well year-to-date (YTD), as it climbed 74.5%. Moreover, within the past week, the Aave crypto also climbed in value by 13.2%, as its price moved from $110 to $130. Now, $150 marks a major price barrier that AAVE needs to pass, and if it does so, according to the Aave price prediction, it is possible for this crypto to end 2024 at a high value of $173.91, establishing it as a solid DeFi coin.

Band Protocol (BAND) Moves Over $2 – Can It Breach $3 Next?

Band Protocol (BAND) has made waves among Web3 circles as a platform which provides Oracle services across a variety of different blockchains. Its foundation is the BandChain, which is by itself a custom blockchain that was built through the utilization of the Cosmos development kit (SDK). THe project also provides a variety of different data products, which also includes the Band Standard Dataset. 

However, the Band Protocol price has also been optimistic, as it's up 23.6% in the past year. The total weekly price gains experienced by the Band Protocol crypto were also at 12.8%, as during the previous week, the crypto moved up from $1.95 to $2.23. However, according to the Band Protocol price prediction, it can end 2024 at $3.02, making it one of the top DeFi coins.

Gnosis (GNO) Climbs 240% YTD – Price To Reach $523.38 by End of 2024

Gnosis (GNO) is an Ethereum-based platform that utilizes smart contract functionality as a means of plating bets and settling any prediction markets. It's powered by GNO, its native cryptocurrency that’s utilized as fuel on top of the platform. This indicates that each user will need to hold the Gnosis crypto in order to access any of the prediction markets, and to place bets on any future events that might take place.

The Gnosis price has also experienced a rapid uptrend, as during the past year, it climbed in value by 240%. Additionally, during the previous week, the crypto is up 14%, as it moved up in value from a low point of $318.85 to a maximum value of $378.95. At this rate of growth, GNO could soon pass the $400 price barrier and reach new heights. In fact, according to the Gnosis price prediction, this crypto can end Q4 of 2024 at a value of $523.38, positioning it as one of the best DeFi projects.

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