Recently, decentralized finance (DeFi) coins have been winning the crypto market, and since each token comes with various options, it is challenging to choose which are the best DeFi coins to invest in. In this article, we will discuss five DeFi coins that are projected to soar, and which promise great development this December. 

THORChain (RUNE)

THORChain is a decentralized liquidity protocol built through Cosmos SDK. It functions as a cross-chain decentralized exchange (DEX) that enables users to deposit native tokens and reap returns. It uses an automated market maker (AMM) structure that allows individuals to transfer assets across other chains. RUNE is the utility token for the platform. It serves as security, incentives, an amplifier, liquidity and governance. THORChain may have suffered significant setbacks this year, but its strong community has supported it all the way, this month, it is set to hammer its way to the top, with its mainnet due for release this holiday season. RUNE’s current price is $10.43, with a market cap of $2 billion. 

Chainlink (LINK)

Chainlink is a decentralized oracle network that offers secured data and information to support unique smart contracts on any blockchain. LINK is the utility token of the platform. Chainlink continues to make advances in the DeFi ecosystem, having partnered with Gitcoin Grant, Kephi Gallery’s NFT marketplace, Solipay, Trava Finance and Project Oasis on the BSC network. This month, LINK will be listed on Japan’s top cryptocurrency exchange, BitFlier. With its clever integrations with major companies, LINK will have more usage and functions, which will push its price and help it to bounce above its comfort area. At the time of writing, the price of LINK was $25.27, and the market cap was $11 billion. 

Orion Protocol (ORN)

Orion Protocol is a DeFi platform that aims to resolve the main problems in DeFi by aggregating the liquidity of multiple crypto exchanges, including decentralized exchange (DEX), centralized exchange (CEX), and even swapping pool into one decentralized platform. It provides B2C and B2B solutions for liquidity. ORN is the utility token of the network. It is based on the ERC-20 standard and has a market cap of $249 million. ORN has recently closed multiple deals for Concrete and Marine segments, that will expand its profitability. Orion is set to launch its liquidity boost plugin this month. 

Swipe (SXP)

Swipe is a cryptocurrency platform that aims to bridge the gap between the fiat and crypto world, via its API. It intends to generate global payment cards powered by the SXP token, which is the utility token of the platform. Swipe API provides real-time cryptocurrency to fiat conversions in just a swipe of a debit card at a POS or e-commerce transaction. SXP token fuels the Swipe Network and is also used for payment fees, bonds and governance. Its latest innovation, Swipe Financial, will be launched this December. Swipe’s popularity makes it the second most mentioned crypto on Twitter, formulating a hype that will significantly create a bullish trend on its price. SXP’s current market cap is $441 million with a $2.3 token price at this moment. 

Reserve Rights (RSR)

Reserve Rights is a dual token platform that utilizes two tokens, RSV, the platform’s stable coin backed by assets, and RSR, the governance token used to help keep RSV steady to its pegged price via a system of an arbitrage strategy.  The platform was initially launched in Huobi Prime Platform in 2019. Its main net protocol will launch on the Ethereum network this December. The unique cryptocurrency strategy of Reserve Rights and its role in combatting hyperinflation is likely to fuel the price of the RSR tokens, and help them to climb all the way to the top. At the time of writing, RSR was selling at $0.049, with a market cap of $652 million. It’s almost the holidays, and many people are looking into prospective investments. The DeFi industry is booming and promising multiple profits. Still, it is best to thoroughly research the DeFi coins you are interested in, in order to minimize losses and earn from your investment.