Micheal van de Poppe has predicted that the decentralized finance (DeFi) market could experience a breakout in 2024. As a potential DeFi resurgence nears, analysts are looking for the top-performing DeFi coins.
If you’re looking to join the DeFi market before its predicted rally, you’ll want to pay attention to these three coins: THORChain (RUN), Stacks (STX), and Pullix (PLX).
Stacks (STX) Set for Massive Surge in 2024
Stacks (STX), the leading layer 2 network on Bitcoin, has been on an uptrend since positive comments from Tim Draper. The venture capitalist stated that applications built on Bitcoin will replicate the performance Microsoft applications did in the internet boom.
Since Draper made this comment, Stacks has been one of the best crypto coins. On the monthly chart, the price of Stacks crypto has increased by more than 60%. In addition, several signals suggest that STX will continue increasing in value over the next few weeks.
The Stacks network has been growing at a remarkable rate. The TVL of the DeFi project recently surged above $55 million. In addition, the Bitcoin network halving is in less than three months. With these, STX could soar above $3 before the end of 2024.
THORChain (RUNE) Aims for $1 Billion TVL
THORChain (RUNE) was one of the best crypto coins of 2023, as it outperformed the crypto market. While RUNE has underperformed the crypto market so far, it remains one of the best DeFi coins, according to experts. This is mainly because of its focus on development.
The THORChain crypto team recently announced that they are focusing on becoming the next $1 billion TVL crypto. According to DeFiLlama, the THORChain has a TVL of $310 million. To hit $1 billion, there would need to be an increase in the number of projects on THORChain.
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As the cross-chain protocol gains greater adoption in 2024, the price of RUNE is bound to increase. Given its impressive performance last year, the THORChain crypto could see gains of more than 400% before the year ends.
Pullix (PLX) Becomes the Hottest New DeFi Project
Pullix is fast becoming a popular DeFi project for changing the narrative in the crypto exchange space. Users can trade multiple markets on this new exchange, including forex, commodities, and ETF. Pullix also offers a range of other features, including perpetual futures, CFDs, and a secure vault for cryptocurrency storage.
The platform also provides users that engage in staking and liquidity pooling with exceptional interest rates, hence mitigating the liquidity issue challenging most DeFi projects. For example, based on the length of the lock-up period, users can benefit from a fixed interest rate that ranges from 8 to 18% annually.
The Pullix ecosystem also includes exciting features such as copy trading, which allows users to leverage AI and machine learning to replicate the trading techniques of successful traders. Furthermore, their DeFi swap technology provides seamless token trading with low fees.
The huge influence Pullix might have on the DeFi business is the driving force behind its success. It is already one of the best ICOs, having raised more than $3.6 million in a matter of weeks. However, its native token, PLX, has increased by 100%, jumping from $0.04 to $0.08 per token. Analysts predict a 25x price increase for PLX once Pullix makes its debut in the DeFi market.
Closing Thoughts
If you’re top DeFi coins in 2024, you’ll want to keep an eye on THORChain (RUN), Stacks (STX), and Pullix (PLX). While each of them have their unique features, Pullix is poised to become a leading player in the space.
The connection to multiple markets, along with its advanced features, could make Pullix a blue-chip project in 2024. With the massive prediction, now is the best time to join the Pullix project before it experiences a massive growth this year.
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