A significant number of companies such as Microsoft are accepting crypto payments and with the growth of the crypto industry, adoption of more DeFi coins are on the horizon. Meanwhile, investors can make significant ROIs by investing in some of the best DeFi coins that harbor a significant chance of becoming a payment option in the mainstream economy.
Through experts’ research and analysis, this article contains 5 of the best DeFi coins that are likely to be adopted by big digital companies as payment options in the future. As such, the DeFi projects that stand out include:
- KangaMoon (KANG)
- Uniswap (UNI)
- THORChain (RUNE)
- Wormhole (W)
- The Graph (GRT)
KangaMoon Soars As It Introduces Engaging P2E and SocialFi Features
The KangaMoon (KANG) project is an innovative meme project that harbors a play-to-earn gaming ecosystem as well as a SocialFi structure for interaction on the platform. While the KangaMoon project is still in its nascent stages, it has recorded over 23,000 meme enthusiasts who’ve already registered on the platform.
Meanwhile, the presale performance of KANG is showcasing exponential interest from investors. This interest could be attributed to KANG’s significant growth potential. For context, the KANG token has already recorded 400% price growth so far in its presale. As a result, early investors of the token have benefited as they pocket the significant ROIs that came with the price growth.
Notably, the KANG token is poised for more growth before the end of its presale and after launch. In view of this, KangaMoon represents a good DeFi token to buy, given its exponential growth potential. Investors can buy the token at the current price of $0.025 and add it to their investment portfolio for future gains.
Given the strong utility of the KANG token as well as its bullish potential, it is safe to say that the token is on the right path to becoming a blue-chip crypto, making it a must-have asset in every investor’s portfolio who are looking to record exponential ROIs in the near future.
Uniswap (UNI) – A DeFi Trading Protocol Rising in Value and Popularity
Uniswap (UNI) is a popular decentralized exchange that facilitates automated trading of DeFi coins. Uniswap has continued to maintain its approach of automating DeFi trading while also improving the efficiency of trading. Notably, Uniswap also creates liquidity for investors looking to swap their coins for another. Overall, the Uniswap protocol will limit the cost and risk attached to trading.
In the crypto market, Uniswap’s market cap valuation is in the top 25 coins on CoinMarketCap, with over $4 billion in valuation. Also, Uniswap’s price has shown a significant uptrend potential in 2024, having risen to over the $15 mark in March. That will be the first time that Uniswap will reach such a high price value since January 2022. While the token price has retraced, investors are convinced that Uniswap has broken its resistance level and will see a resurgence in value.
THORChain (RUNE) – Facilitating Cross-chain Exchanges
THORChain (RUNE) is one of the top decentralized protocols that allow users to swap their crypto assets across over 9 top blockchain networks. Users on the platform can leverage the permissionless feature of THORChain to swap between assets while maintaining custody of their assets and the market prices of those tokens. Also, with THORChain’s lending protocol, users can borrow BTC, ETH, or stablecoins on the platform with no incurred interest or expiration.
Meanwhile, the THORChain token’s market performance in 2024 so far holds a lot of promise for a bullish momentum in the remaining months of the year. For context, THORChain’s price peak throughout 2023 was $6.5 in December. However, so far in 2024, THORChain has surpassed the $10 price mark in just the first quarter of the year. With more price surges expected of the DeFi token in the future, investors are likely to see the token price reach $15-$20 in the coming weeks.
Wormhole (W) – Powering Multichain DApps
Wormhole (W) is a growing interoperability protocol on the blockchain that powers cross-chain decentralized applications (DApps), which are used to send and receive tokens and NFTs across multiple blockchains. Also, developers can utilize Wormhole to exchange messages across over 30 blockchains.
As Wormhole looks to expand its reach by integrating more blockchain networks, the protocol is also actively launching DApps, which are making the DeFi execution easier. With this, it will also be natural that the performance of Wormhole tokens in the crypto market improve soon. As such, Wormhole is a hidden crypto gem that is waiting to explode.
The Graph (GRT) – Upholding the Integrity of Blockchain Data
Since 2020, The Graph (GRT) has been an indexing protocol that verifies the integrity of the data that comes into the blockchain. The Graph operates on networks like Ethereum and IPFS while powering a significant number of DApps on the Web3 ecosystem. With The Graph, it is easier to build new applications that will track valuable data on-chain.
Meanwhile, the market performance of the GRT token over the past months is showing bullish signals. For context, The Graph’s price has recorded significant growth since the year started. Notably, The Graph’s market cap valuation has seen an uptrend, establishing its value above the $3 billion mark. If The Graph maintains its price trajectory of Q1, the DeFi coin may end up reaching the $1 mark within the year.
Conclusion
Having analyzed some of the standout DeFi coins to invest in, investors can choose one or all of these tokens to add to their portfolio. With companies such as Microsoft, Paypal, Shopify, etc, accepting crypto as a payment option, more crypto adoption is expected this year. Notably, the KangaMoon project, part of the analyzed projects in this article, presents a once-in-a-lifetime opportunity to become part of the early investors of the KANG’s presale. With KANG’s potential to become a blue-chip crypto in the future, an investment now will perfectly position one to ride the wave of the project’s bullish momentum.
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