JPMorgan Claims Bitcoin May See a Stormy July Because of Mt. Gox Creditors; Traders Turn to These 5 Promising DeFi Coins Instead

JPMorgan has said that Bitcoin could have a turbulent July because of continuing Mt. Gox creditor liquidations, which could cause considerable selling pressure. Thus, traders are focusing on DeFi coins instead, ones that can grow in value. For example, DTX Exchange (DTX), Fantom (FTM), Avalanche (AVAX), THORChain (RUNE) and Chainlink (LINK).

DTX Exchange (DTX): The DeFi Coin With the Most Growth Potential

In the DeFi market, DTX Exchange (DTX) is making a name for itself. It has raised over $800K through its presale so far. In fact, the presale is expected to hit $1M by July 31, 2024, according to estimates. The project even won over renowned crypto analyst Crypto Gems, who said that it could be one of the biggest players in the market.

What distinguishes it from other exchanges is that DTX has created a hybrid trading platform. On this platform, traders access over 120,000 asset classes, such as bonds and cryptos all under one roof. This adaptability, coupled with leverages up to 1000x higher than any other exchange, puts them on track for massive expansion within a short period of time.

The core of the DTX Exchange ecosystem revolves around its utility token, DTX. By holding this DeFi coin, you gain governance voting rights and enjoy reduced trading fees. Moreover, if someone buys $100 worth of DTX during its presale, he/she automatically enters into a $1M giveaway, where ten lucky winners will get $100K each.

This DeFi coin's price currently sits at $0.04 as it is in Stage 2 of its presale. This is a 100% jump from its starting price of $0.02. However, its price will soar to $0.06 once Stage 3 begins - a 50% ROI for those who buy it now. Experts predict that DTX Exchange will soar by 50x once a Tier-1 CEX lists it in Q3 of 2024 - making it the most promising DeFi crypto.

Fantom (FTM): Still a Decent DeFi Project

Next, we will mention Fantom (FTM), a significant force in the DeFi space. According to CoinMarketCap data, the Fantom price increased nearly 90% in the past year alone. Moreover, crypto analyst Altcoin Sherpa states that its price is consolidating at a key level. His X post states that FTM will be a decent project in the future, thanks to its Sonic pivot.

The Fantom crypto technical analysis also shows bullish signs. For example, FTM trades above its 100 and 200-day EMAs while having 16 green technical indicators. Thus, market analysts have made a bullish Fantom price prediction - reaching $0.73 before the end of Q3 2024.

Avalanche (AVAX): Likely To See an ETF Filing

Avalanche (AVAX) is one of the top DeFi projects at the moment. Recently, analyst Quinten made a bold statement about this crypto. According to Quinten, Avalanche will likely see an ETF filing and approval next year. This would bring tremendous attention to AVAX, which may help its value rise.

Speaking of which, the Avalanche crypto price increased over 110% on the YTD chart. Not only that, this DeFi coin is trading above its 100-day EMA and has 16 technical indicators in the buy zone. Due to all these bullish Avalanche news and indicators, experts in the crypto field foresee its value soaring to $34 within Q3 of 2024.

THORChain (RUNE): Now Open Source

Our analysts have also placed THORChain (RUNE) as a DeFi project to watch while Bitcoin sinks. Recently, THORChain announced that it has now become open source. With this development, this DeFi project becomes more transparent and brings innovation to this space.

Thanks to this bullish THORChain news, its value may rise once more. Over the past 12 months, RUNE saw a surge of nearly 300%. Meanwhile, around nine technical indicators show buy signals. Market analysts note all these factors when making their price predictions. Therefore, they predict the THORChain coin will trade at $5.46 before Q3 of 2024 ends.

Chainlink (LINK): A Bold Statement

Last, we will discuss Chainlink (LINK). This has been one of the best DeFi projects recently. Over the past 12 months, the Chainlink price jumped nearly 150%, according to CoinMarketCap data. Crypto analyst Kyle Chassé claims that LINK will be a top-five crypto before the end of 2024. This is a bold statement that could make waves in the market.

The technical analysis of the Chainlink crypto supports this claim. Notably, LINK trades above its 100 and 200-day EMAs while having 20 technical indicators in the buy zone. As a result, experts forecast a potential jump to $16 within Q3 of 2024 in their Chainlink price predictions.

Concluding Thoughts on the Best DeFi Coins This Month

As July picks up and with it the Mt. Gox creditors, Bitcoin is potentially facing a stormy month. However, DTX Exchange, Fantom, Avalanche, THORChain and Chainlink are also picking up steam. While most of them will surge, only one stands out—DTX Exchange. This rookie DeFi project has a lower market cap and ties to the $133T bonds market.

In other words, DTX will soar much faster on the price charts while remaining more stable in the long run. If you wish to buy this DeFi coin, sign up for the DTX presale using the links below.

Visit DTX Presale

Read Whitepaper

Join the DTX Community

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