Top 4 DeFi Tokens poised to Gain Atleast 1000% in The Upcoming Bullish Market Surge!
7 May 2024
The cryptocurrency market bounced back strongly after a big drop caused by a global market correction last week. Also, Bitcoin, the main player in the market, went back up to $63,000 after dropping to about $56,000.
Meanwhile, Decentralized Finance (DeFi) tokens showed a strong comeback this week, hinting at good times ahead. This article talks about the top 4 DeFi tokens to gather before the next surge in prices.
1.STX Price Analysis: Bulls Gain Momentum, Testing Resistance Levels
The Stacks (STX) token started off without much change, but then the bulls took over and boosted its value by a big 27.65%. After hitting a high point at $1.9219, the price leveled off, showing that things were calming down after the quick increase.
With the market getting more unpredictable, the bulls gained strength again and pushed the price up by another 52.724% over the next three days. Right now, the price is bouncing between $2.4685 and $2.8173, getting close to its highest point, but it’s not clear what will happen next.
Looking at the MACD indicator, it’s pretty much flat, suggesting that there’s not much action in buying or selling. However, the fact that the averages are getting closer together suggests that the price might go up in the future.
Despite these ups and downs, STX is still a promising token with strong basics, and it could reach new highs in the next bullish market cycle.
2.LeverFI(LEVER):
LeverFi (LEVER), previously known as RAMP DEFI, is a decentralized platform for trading with borrowed money. Despite a slow performance last year, this cryptocurrency has started this year on a positive note, showing that more people are feeling optimistic about LEVERFI. It’s gained 16.27% in the past week and 21.15% in the last 30 days, which is a good sign. Plus, since the beginning of the year, it’s up by 135.19%, which means it’s been doing well so far.
Looking at the MACD indicator, it’s showing a rising green bar, suggesting that more people are buying LEVERFI than selling it, which is good news for the cryptocurrency industry overall. Also, when we look at the average prices over the past day, they’ve been going up, indicating that LEVERFI’s value might keep going up in the near future.
If the price manages to go above $0.00425, it could gain even more momentum and reach a high of $0.00550. However, if the market turns bearish, meaning prices start falling, LEVERFI might lose steam and drop to around $0.00212.
3.ROSE Price Analysis: Fluctuations and Consolidation
In January, Oasis Network’s price went up and down a lot, but in February, it started well. The price of ROSE went up by 21.98% over two days, reaching $0.12152, but then it couldn’t go higher and started to drop.
After that, the price went down to $0.11044, but then it went up again by 7%. Right now, it’s trading between $0.11583 and $0.12908, but a recent dip in the chart suggests that there might be more selling than buying.
Looking at the MACD indicator, the red bars are going up, showing that more people are selling ROSE. Also, the averages are going down, which supports the idea that people are feeling negative about it.
Despite these ups and downs, ROSE is still a promising token with strong basics, and it could reach new highs in the next bullish market cycle.
4..Nervous Network (CKB):
After staying stable for the first month, the price of CKB caught the market’s attention and shot up to $0.0379, a massive 1,163% increase in just two months. But then, the buying energy slowed down, and the price started going down, showing a bearish trend. The Moving Average Convergence Divergence (MACD) indicator indicates that people are feeling more positive about cryptocurrencies, but the 50-day Exponential Moving Average (EMA) is blocking the price from going up, making the future uncertain.
If the price goes past $0.020, it could gain more momentum and reach $0.325. But if people start feeling negative about the market, the price might drop to $0.01.Despite these ups and downs, CKB is still a promising token with strong basics, and it could reach new highs in the next bullish market cycle.
Note: This article was written only for research purposes and is not a piece of financial advice. The tokens were selected based on their historic market sentiments and not for promotion. Make sure to do your own research before investing in any digital asset(s).
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