As the crypto market heats up, June may become one of the best months for DeFi coin fans. Given that more people are using DeFi, some tokens seem to be on track to provide massive profits. Let's take a look at the top DeFi projects that may explode in June:

• DTX Exchange (DTX): The best overall DeFi token that could surge soon.
• Chainlink (LINK): One of the current top DeFi coins.
• Avalanche (AVAX): A powerful force in the DeFi market.
• Fantom (FTM): A DeFi coin trading in the green.
• THORChain (RUNE): DeFi project with great growth potential.

1. DTX Exchange (DTX)

Ranking first on our list of best DeFi projects is DTX Exchange (DTX), a token that has caught the attention of many as a rising presale star. They have given early buyers 100% ROI and expect to add another 50% jump during their next presale stage. Additionally, DTX Exchange has raised almost $600K, with projections stating they could reach $1M by June 2024.

The distinctive feature of DTX Exchange within the DeFi market is its introduction of a hybrid trading platform, which brings together both CEX and DEX. This allows traders to access over 120,000 asset classes, with leverage up to 1000x. With privacy concerns mounting in the trading world, DTX Exchange also removes KYC checks - meaning total anonymity.

During the presale, traders can buy the DTX utility token. With this token, they can obtain access to enhanced analytics tools, governance voting rights, and reduced trading fees. In addition, presale participants who hold $100 or more worth of DTX stand a chance to win from the $1M giveaway, where ten lucky winners will walk away with $100K each.

This DeFi coin is currently worth only $0.04 in Stage 2 of its presale. But market analysts remain bullish, forecasting a rise to $0.5 once a Tier-1 CEX lists DTX in Q3 of 2024. Given its ties to the $133T bonds market, this DTX price prediction has the potential to come true. For these reasons, DTX emerges as one of the most promising new DeFi projects.

2. Chainlink (LINK)

Next, we have to mention Chainlink (LINK), a DeFi coin that has been trading in the green. According to CoinMarketCap data, the Chainlink price increased over 150% on the YTD chart. Crypto analyst Michaël Van De Poppe thinks Chainlink could reach $25-30 if it can break the resistance at $21.

Many technical indicators are also bullish for the Chainlink coin. For example, over 29 technical indicators have given positive signals and LINK is trading above its 100-day and 200-day EMAs. This technical analysis has experts feeling hopeful for this DeFi coin in the long run. In their Chainlink price predictions, experts in the crypto field foresee a rise to $26 within Q2 of 2024.

3. Avalanche (AVAX)

Let's discuss Avalanche (AVAX), a DeFi coin experiencing significant upward movement. In fact, the Avalanche crypto has soared over 150% in the past 12 months. This upside trend is likely to continue as Particle Network announced universal accounts on the Avalanche network. This will permit traders to use any DApp on Avalanche with different tokens.

This bullish Avalanche news may trigger a rally. Avalanche trades above its 50- and 100-day EMAs with nine green technical indicators. With all these bullish signs around Avalanche, it's no wonder that crypto experts predict the AVAX price will reach $53.11 by the end of Q2 2024.

4. Fantom (FTM)

Fantom (FTM) is another DeFi coin worth watching for its growth potential. Recently, it made major headlines as Fantom announced its partnership with Google Cloud. Thanks to this development, developers on the Fantom network can access Google Cloud's state-of-the-art AI tools and infrastructure. This move is likely to increase interest in the Fantom crypto.

Fantom's value has risen by close to 150% over the past year, which indicates strong upward momentum. With 17 technical indicators in the buy zone and all this bullish Fantom news, analysts remain optimistic about its future. They predict that it will hit $1.20 within Q2 of 2024, making FTM a good DeFi coin to keep an eye on this June.

5. THORChain (RUNE)

Last on our best DeFi projects list is THORChain (RUNE). THORChain announced that it has recently broken through another milestone - over $30B in swap volume in 2024. This number is bound to increase as more integrations like Solana are in store for this DeFi project later this year.

The THORChain crypto value has increased over 450% in the last year alone. Additionally, 17 technical indicators are in the buy zone for this DeFi coin, which trades above its 100—and 200-day EMAs. Thanks to all this bullish THORChain news, experts predict a potential jump to $9 before Q2 of 2024 ends.

Final Thoughts on the Best DeFi Projects in June

June 2024 could be a very important month for the DeFi market. DTX Exchange, Chainlink, Avalanche, Fantom, and THORChain all have great potential for growth, but one of them stands out. Notably, DTX has a lower market cap and ties to the Forex market, which may be valued at $1.4T by 2032. This makes DTX the best DeFi token at the moment.

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