The decentralized finance (DeFi) ecosystem has revolutionized the way traders conduct transactions by eliminating the need for intermediaries. According to DefiLlama, the total value locked (TVL) in DeFi has surged to $121B, marking a significant increase of 150% from its 2023 value.
In light of the immense potential of the DeFi market, this guide will delve into 5 DeFi coins that have the potential to soar by 50% in Q1 2025. These coins include Solana, Ethereum, BNB, XRP, and Elluminex. While SOL, ETH, BNB, and XRP hold top positions on CoinMarketCap, Elluminex is introducing DeFi to over 950M users on the TON blockchain, positioning itself as a direct competitor to other popular DeFi protocols.
Despite Recent Dip, Solana Price Set For $350 Soon
Despite experiencing a recent dip in price, Solana has shown resilience by bouncing back from a strong support zone. Crypto expert, Crypto Batman, believes that now is the ideal time to add top coins like Solana to portfolios, given its solid support level. Solana has seen a remarkable 135% growth year-to-date, with a 23% dip in the past month. However, the trading volume for Solana has surged by 31.22% in the past 7 days, indicating a potential resurgence and a forthcoming rally.
While the market sentiment for Solana remains bearish, the altcoin price is still above the 50-day SMA. If Solana manages to surpass key resistance levels at $208.57, $222.22, and $282.35, it could potentially reach $350 by 2025.
Speculators Forecasts Breakout For Ethereum Coin, Anticipates New ATH
Ethereum (ETH) has faced significant selloffs in recent months, causing its price to drop below the $3000 support zone. Despite this, crypto traders remain optimistic about Ethereum’s future trajectory. Analyst Ted Pillows believes that Ethereum is on the verge of a breakout, with a potential new all-time high once it surpasses the $4,100 mark. Ethereum’s 14-day RSI indicates a neutral position, while the Average Directional Index (14) leans towards a sell signal.
Crypto Speculators Bet Big On BNB Coin, Forecasts Breakout To $760
Binance Coin (BNB) has seen a dip in price as it struggles to maintain its previous highs after hitting a new all-time high of $793 in early December. Analyst The Cryptomist observes an ascending triangle forming in the BNB price chart, potentially leading to a breakout towards the $760 zone. Despite bearish market sentiment, BNB’s 14-day RSI remains neutral at 50, with a Fear and Greed index of 74 (Greed). With the growing influence of the Binance exchange, BNB remains a DeFi token to watch in Q1 of 2025.
XRP Price Expected To Hit $6 Following Correction Pattern
Ripple (XRP) has displayed bullish momentum despite being rejected at the key resistance level of $2.7. Analyst CryptoBull predicts that XRP is completing a correction pattern, signaling a potential price surge to $6. Despite a recent market downturn, XRP’s trading volume is on the rise, suggesting a possible retest of the $3.4 resistance zone.
Elluminex: The Revolutionary DeFi Platform On The TON Blockchain With Innovative Features
Elluminex (ELX) is set to disrupt the DeFi market by launching a protocol on the TON blockchain, aiming to address liquidity fragmentation, complex interfaces, and high fees. Elluminex’s innovative features include connecting isolated blockchains to offer unparalleled liquidity, a secure DEX for asset trading, staking and farming opportunities, an AI-powered portfolio tracker, and an educational DeFi platform. With a total supply of just 350M tokens and a deflationary mechanism, Elluminex is poised to witness a surge in demand, making it a top DeFi coin to invest in 2025.
What Are The Top DeFi Coins To Watch Out For In 2025?
Solana, Ethereum, BNB, and XRP are solid options for investors looking to capitalize on the potential growth of the DeFi market. However, Elluminex stands out as a promising newcomer with innovative features and a unique approach to solving existing DeFi challenges. With its integration into the TON blockchain and a range of cutting-edge functionalities, Elluminex could potentially deliver significant returns in the short term.
For more information about Elluminex (ELX), visit their official website here.