The crypto market has proven to be a profitable venture where traders turn hundreds into millions. After news of a whale making $46M from Pepe surfaced, another trader has gained massively in the past few days. Recent data from Lookonchain shows how a trader turned $861 into $657K in just 5 hours, gaining over $762x. Having spent 5.14 SOL valued at $861 to buy 86.55M $MOTHER, the trader sold 80.41M $MOTHER for 3,035.5 SOL valued at $509K.
In this article, we look into the top 5 DeFi coins that will likely replicate the rally in June. Based on market analysis, numerous analysts have picked KangaMoon, Uniswap, Lido DAO, Theta Network, and THORChain as the top DeFi tokens to watch out for in June. More details below.
KangaMoon Price Surges by 400% in Presale As BitMart Announces Listing
The ongoing KangaMoon presale has attracted whales who are accumulating the token. So far, early buyers have gotten a 400% return as the price soars. With the massive rally, the team has raised over $7,569,080.884 in presale, with analysts projecting $10M before the end of June. Also, the KangaMoon community has grown to over 32,000 with over 10,000 holders.
With the increasing number of community members, analysts tip the KANG price to return 50x in June, putting it on the list of DeFi coins to invest in for future gains. Notably, the token is set for CEX listing in the coming days, with BitMart being the first CEX to reveal a KANG listing. With the potential KANG listing across other exchanges like Uniswap, the KANG price will likely hit $1 in 2024.
Notably, the two crypto price tracking websites, CoinMarketCap and CoinGecko, have listed KANG. In essence, traders and investors can study market trends and make investment decisions. Some analysts believe that KangaMoons’ driving factor is its unique use cases and KANG token, which serves as the vehicle for distributing rewards and cashback in the ecosystem.
For context, KangaMoon is a revolutionary meme platform building a vibrant community for meme enthusiasts. With its fusion of GameFi and SocialFi structure, users can engage in gaming adventures and earn rewards. Every challenge on the platform is a chance to win prizes and rewards. Overall, KangaMoon is on the path to becoming a future blue-chip crypto. Analysts pick it as one of the best DeFi coins to buy now.
Uniswap Price Breaks Key Resistance Trendline – Is a Rally Imminent?
After revealing its asset holdings in the past few days, the Uniswap price has broken a key resistance trendline. Ahead of the fee mechanism vote, the Uniswap Foundation revealed that it is holding $41.41M in fiat and stablecoins and 730,000 UNI tokens as of the end of Q1.
Meanwhile, the Uniswap price has broken through the $10 resistance zone with the next target of the $15 resistance trendline in the coming weeks. Also, the key market indicators, such as the Uniswap trading volume, are on the uptrend to signal increasing market activity. As one of the top DeFi coins with a large community, analysts project a massive rally in the coming weeks.
Although the DEX exchange is battling the US SEC, top crypto analyst Trade Byte believes the token will witness more rallies after breaking a key resistance zone. Meanwhile, the Uniswap market sentiment is neutral as the market cap drops. Even at that, top analysts’ Uniswap price predictions for June are positive, with some tipping it to hit $20 in June.
Can Lido DAO Price Hit $5 in June?
After releasing its Validator and Node Operator metrics report for Q1, Lido DAO price jumped up, gaining 12% in the past week, according to data from CoinMarketCap. However, the crypto market retracement has pushed the price down, with the Lido DAO trading volume in the negative.
As a decentralized autonomous organization (DAO) that provides a staking infrastructure for multiple blockchain networks, Lido DAO has a strong use case that could lead to more global adoption. With the DeFi market witnessing massive growth, Lido DAO’s price will soon witness massive rallies.
Meanwhile, notable Lido DAO key market indicators such as the relative strength index (RSI), Exponential moving average (EMA), and moving average convergence divergence (MACD) are showing signs of a bullish rally. Having successfully established support above the $2.20 mark, Lido DAO price might likely reach $5 in June, making it a DeFi coin to keep an eye on.
Theta Network Price Prediction – Can the DeFi Coin Hit $6 in June?
Theta Network (THETA) is one of the DeFi coins that has experienced massive growth in the past few months. From a price value of $1 in late January, Theta Network’s price rallied above $3 in March. Although its attempt at stabilizing above the $3 mark was unsuccessful, the THETA token has broken key milestones since then.
In April, the Theta Network token mounted a retest, which saw the token hit the $3 mark on April 11. Also, the return of the bulls has seen the token price climb up in the past week. Analysts believe the upcoming bull season will trigger a rally for the token. As such, popular analysts have made a bold Theta Network price prediction—$6 for June.
Meanwhile, the tokens’ key market indicators, such as the Theta Network trading volume and market cap, are witnessing slight growth. This increasing market activity might likely trigger more uptrends in the coming days. As such, Theta Network is among analysts’ top picks of DeFi coins to buy and HODL for future gains.
THORChain Trading Volume Dips As Analysts Project Price To Hit $54
With the latest market correction, THORChain is one of the DeFi coins that has witnessed a slight retracement. That’s after the token experienced massive rallies in the past days, which saw the THORChain price climb above the $7 mark.
The THORChain monthly price chart shows over 30% price growth, with the weekly price showing a slight increase. Although the THORChain trading volume is down, crypto experts forecast a rebound in the coming days as the Ethereum ETF starts trading. The THORchain market cap has also seen remarkable growth, with a valuation of over $2.2B.
According to the THORChain price prediction by CryptoBullet, a top crypto analyst, the RUNE price will surpass its 2021 all-time high and hit $54 during the bull market. With the anticipated altcoin season, now might be the best time to buy the top DeFi token.
Conclusion
With the recent approval of Ethereum ETF, the DeFi market is about to witness massive traction. To stand a chance of benefiting from the upcoming market rally, now is the best time to accumulate the above DeFi coins. With the KangaMoon presale nearing its end, now is the best time to invest in KANG before it hits major CEX exchanges.
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