Today, we have bought you 3 good picks from Decentralized Finance space which can deliver good returns in the short term.
These coins are on the support level ready to jump or are retesting a breakout which can be a good bet in the short term.
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Table of Contents
What is BYDFI exchange?
BYDFI is one of the most popular trading platform for crypto derivatives, providing its users with seamless access to the global crypto market through a range of options including spot trading, copy trading, and CFDs.
The exchange, operational since 2014, offers an array of features and products as outlined in the article below. With a sizable user base exceeding , Bydfi has the lowest trading fee and has a welcome bonus of $200 on signing up.
BarnBridge (BOND Price Prediction)
BarnBridge is a tokenized risk protocol that aims to reduce the risks associated with DeFi, such as inflation risk, market price risk, and cash flow volatility risk.
- Latest Price: BOND’s current trading price is $3.10.
- Market Cap: The market capitalization of BOND is $22.95 million, indicating a niche but growing interest in the project.
- 24h Trading Volume: BOND has seen a 24-hour trading volume of $4.55 million, suggesting active market participation.
- Circulating Supply: There is a circulating supply of 7.91 million BOND tokens.
- Total Supply: The total supply of BOND is capped at 10 million tokens.
- Price Performance: BOND has maintained a stable price, reflecting steady investor confidence.
Let’s have a look at the chart:
The price is lying above the strong horizontal support zone. Soon, it will pump.
Litentry (LIT Price Prediction)
Litentry is a decentralized identity aggregator that links various user identities across multiple networks.
- Latest Price: LIT is trading at $1.07.
- Market Cap: The market cap for Litentry is $41.05 million.
- 24h Trading Volume: The 24-hour trading volume for LIT is $3.44 million.
- Circulating Supply: Litentry has a circulating supply of 55.73 million LIT tokens.
- Total Supply: The total supply of LIT is 100 million tokens.
- Price Performance: LIT has experienced a slight decrease in price, but its unique proposition in DeFi could signal future growth.
Let’s have a look at the chart:
The price has broken the descending triangle. Currently, it is testing out the triangle. A successful test would serve as a bullish confirmation.
Linear (LINA Price Prediction)
Linear is a cross-chain compatible, decentralized delta-one asset protocol. The platform, helps in creation of synthetic assets with unlimited liquidity.
- Latest Price: LINA’s price stands at $0.007677.
- Market Cap: Linear has a market cap of $46.93 million.
- 24h Trading Volume: The trading volume for LINA over the last 24 hours is $3.80 million.
- Circulating Supply: There is a circulating supply of 6.11 billion LINA coins.
- Total Supply: The total supply of LINA is 10 billion coins.
- Price Performance: Despite a recent dip in price, LINA’s innovative approach to synthetic assets holds promise for long-term growth.
Let’s have a look at the chart:
The price is bouncing off the horizontal support zone of a descending triangle. We can consider buying LINA after a breakout occurs.
Conclusion
The 3 Defi tokens can be bought and traded effectively on the Bydfi platform with minimal trading fee. These trading ideas have short term potential of making quick gains and they are also good long term bets in defi space.
As with any investment, it’s crucial to conduct your own research and consider your risk tolerance before diving into the dynamic world of DeFi.
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