Top 4 Crypto Tokens To Buy As DeFi TVL Hits $130 Billion

by

The total value held in decentralized finance (DeFi) systems has surged from $53 billion at the start of January 2024 to an impressive $130 billion, indicating a thriving DeFi sector. This upward trend may persist as the crypto market’s bullish momentum gains speed, which could boost the value of various DeFi-related cryptocurrencies. Here are some top picks for cryptos worth amassing as the DeFi industry expands.

Best Crypto Tokens To Buy As DeFi TVL Grows

In the expanding DeFi sector, you’ll find numerous digital currencies available for purchase such as Morpho, Lido DAO, AAVE, and DexBoss.

As the DeFi market continues to expand, a variety of cryptocurrencies become available to buy, including Morpho, Lido DAO, AAVE, and DexBoss.

Morpho (MORPHO)

Investing in Morpho could be a smart move as the Decentralized Finance (DeFi) sector expands. This relatively new DeFi platform boasts an impressive $3.2 billion in assets, with the majority housed on its Ethereum network and the rest on Base. Morpho has seen significant success, generating over $90 million in fees during the past year.

In simpler terms, Morpho Coin has been performing well since its release a couple of months back. It’s been making new highs both in price and lows, indicating an overall upward trend. However, it seems to have slowed down lately, but still manages to stay above the 50-day moving average, which is offering significant support.

It’s predicted that the value of this token will continue to increase, with the majority of growth occurring once it surpasses its previous record high of $3.7. If it falls below its 50-day moving average, however, there could be further decreases.

DexBoss (DEBO)

Among the four cryptocurrency tokens presented, DexBoss stands out uniquely as it promises relatively assured yields. This innovative DEX platform, still under development, is currently holding a presale and has successfully accumulated more than $342,000 in donations.

By purchasing the DEBO token now at $0.011, which is below its anticipated listing price of $0.0505, you stand to gain a potential profit of approximately 360% if you hold onto it until the listing. You can get your DEBO tokens here.

Lido DAO (LDO)

In simple terms, Lido DAO, a major force in the Decentralized Finance (DeFi) sector, is another high-potential cryptocurrency to invest in due to its robust foundation. Notably, it’s one of the leading earners of fees and has amassed over $1 billion in the past year as its staking volume increases.

The LDO token shows promising technical indicators since it’s currently shaping a cup and handle pattern with an upper boundary at $2.47. This pattern is developing its handle section now. Additionally, the token consistently stays above its 50-day moving average. If a breakout occurs above the cup’s upper boundary, it could signal further growth, potentially reaching $4.035 – its highest predicted level for 2024.

AAVE (AAVE)

In simpler terms, the cryptocurrency AAVE appears to be a promising investment right now because it’s exhibiting a well-liked bullish trend called a “bullish pennant.” This pattern resembles a flagpole followed by a triangle shape. The edges of this triangle are getting closer together, suggesting further growth. As a result, there’s a strong possibility that the value of AAVE could reach $500 in the coming days.

This technology is backed by robust foundations, boasting over $22 billion in assets and generating approximately $480 million in fees within the past month.

Read More

2025-01-07 15:13