Internet Computer

Lido DAO

Wormhole

DeFi

Chainlink

<img src="https://cdn.thebittimes.com/images/2024/04/22/1713772334.webp" alt="">
The DeFi market is already booming and good positioning is what you need to turn your frail-looking portfolio into a wealth stream. If you are an average investor looking to maximize this period, then this article is a must-read for you. Herein, we detail the 5 Best DeFi coins that are currently trending and can give as much as 50x return in 2024. These DeFi coins are chosen after careful consideration of every key market metric including volatility range, history of performance, and growth potential.&nbsp;
<h2 dir="ltr" id="span-kangamoon-kang-diversifying-defi-use-cases-through-gamefi-and-socialfi-functionalities-span">KangaMoon (KANG) - Diversifying DeFi Use Cases Through GameFI and SocialFi Functionalities</h2>
If all you want is a DeFi coin that can give a 50x return, KangaMoon is one of the top DeFi projects that can give you such profit. KangaMoon is a play-to-earn platform incorporating both elements of GameFI and SocialFi functionalities. In its ongoing presale, KangaMoon has raised $5 million in funding, registered over 20k members, and has a holders base of over 6k. This achievement is a testament to the wide acceptance of KangaMoon among investors.
Aside from being a fun gaming platform, the allure of the KangaMoon reward system is a great attraction to investors. Holders of the native token KANG are entitled to free tokens just by performing simple social tasks. With the price at $0.0196, investors can purchase now and get a 10% bonus thereby multiplying their rewards. While KangaMoon is a meme coin, it boasts a community-driven ecosystem that can make it one of the top DeFi coins shortly.
Aside from its potential jump of 50x return, KangaMoon has strong utilities that every investor seeks in a project. Coupled with its attachment to the $200B NFT market, the DeFi cryptocurrency can become a mainstay across the crypto market. For investors skeptical about the progress of KangaMoon, early movers have amassed an impressive 290% ROI within a few weeks of starting. With up to 1000% projected before listing at major exchanges, KANG is a good investment opportunity you must not miss.
<h2 dir="ltr" id="span-chainlink-link-securing-cross-chain-communication-span">Chainlink (LINK) - Securing Cross-Chain Communication</h2>
Another DeFi token you should be thinking of accumulating in this dip is Chainlink. Established in 2017, Chainlink is an abstraction layer blockchain, enabling the universal connection of smart contracts. Using its viable Oracle network, Chainlink creates a secure connection link between blockchains, ensuring that crucial information necessary for the development of decentralized applications is catered for.&nbsp;
Investing in Chainlink means you will become part of an ecosystem where data providers, developers, security auditors, and node operators are domiciled. This gives you the chance to have a say in the future direction and progress of the ecosystem. Investors may also choose to validate blockchain transactions by participating in Chainlink staking options. With a fixed APY of 4.75%, LINK holders can earn passive income through staking.
With its high stake in Web3, many companies are adopting the ChainLink CCIP to grow their customer base. As such, the token has genuine use cases which may propel it to greater heights. For investors looking for medium to long-term gains, Chainlink offers real hope of earning a 50x return by the end of the year.
<h2 dir="ltr" id="span-internet-computer-icp-providing-cryptography-innovation-span">Internet Computer (ICP) - Providing Cryptography Innovation</h2>
Internet Computer is third on our list of best DeFi coins to invest in for 50x profit. Internet Computer is a grand shift from the old method of using blockchain technology. The platform makes it possible to develop critical online stores and infrastructure without resorting to the use of cloud computing. It is a full-blown decentralized system where web-based applications, products, and services are built by developers.
While it could be tricky to pick the greatest DeFi coins, Internet Computer offers full access into the purview of the decentralized world. Now, the network is fully going into artificial intelligence, ready to slug it out with established AI companies such as OpenAI, Google, and Microsoft. With an investment in a project of such vision, holders of the ICP token which serves as the governance token on the network can be sure of earning massive gains.
<h2 dir="ltr" id="span-wormhole-w-powering-multi-chain-applications-span">Wormhole (W) - Powering Multi-chain Applications&nbsp;</h2>
Wormhole is a liquidity-providing platform powering multi-chain Applications and bridges on a large scale. The platform provides liquidity for developers and users, enabling them to build complex decentralized applications. With use cases spanning different areas of blockchain technology, Wormhole has some of the biggest DeFi ecosystems as clients.
Early adopters of the Wormhole token saw one of the biggest airdrops in recent times with 6.78% of the total Wormhole supply allocated freely to testnet participants, developers, and community members. Currently, more than 200 decentralized applications have been built on Wormhole with cross-chain transactions exceeding 1 billion. The token is currently trading at $0.59 having initially surged to $1.61 on April 3, 2024. With this dip, investors can jump in now and earn up to 50x return by the end of the year.
<h2 dir="ltr" id="span-lido-dao-providing-staking-infrastructure-for-blockchain-networks-span">Lido DAO - Providing Staking Infrastructure For Blockchain Networks</h2>
The last on the decentralized cryptocurrency list is Lido DAO. As a decentralized autonomous organization DAO, Lido DAO provides staking infrastructure for different blockchain networks. Built on Ethereum, Lido DAO's key selling point is in its staking system. The platform currently allows staking options for Ethereum and Polygon, enabling holders to earn passive rewards using their assets. Ethereum holders can stage their ETH assets and receive stETH, a Lido-staked ETH in return.
Stakers can stake their assets for 365 days and earn a significant 3.63% APY. By holding the Lido DAO governance token, holders will be eligible to participate in key community decisions and platform updates. LDO attained an all-time high record of $11 in 2021, but plummeted soon after, trading at $2 currently. However, this is a big opportunity for investors to buy the dip and enjoy massive gains after the bull market.
<h2 dir="ltr" id="span-deciding-which-defi-coins-to-put-your-money-on-span">Deciding Which DeFi Coins To Put Your Money On</h2>
While this article has tried to curate the list of top DeFi projects with growth potential, the remaining work lies with every investor. It is important to undertake proper research and due diligence, considering all key factors that can push or pull a cryptocurrency. While this list offers a promising belief, buyers need to conduct thorough research to avoid loss of assets and investment.
However, out of the listed tokens, KangaMoon offers the easiest pathway to wealth. With its low entry point, investors can turn their hundreds of dollars into millions of dollars in a few months.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">https://kangamoon.com/</a>
Join our KangaMoon community:<a href="https://t.me/kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow"> https://t.me/kangamoonofficial</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/defi-coins-to-add-to-your-portfolio-and-see-them-grow-by-50x-in-2024-tbt85976.html">https://thebittimes.com/defi-coins-to-add-to-your-portfolio-and-see-them-grow-by-50x-in-2024-tbt85976.html</a>

DeFi Coins To Add to Your Portfolio and See Them Grow By 50x in 2024

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