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DeFi

Top DeFi Tokens To Have A Massive Hit This April

Posted Wednesday, April 5, 2023 by
Sophia Cruz • 2 min read

The DeFi industry continues to grow despite the struggles of the market in the past year and now that more than 700 DeFi cryptos are still on the market, it’s still a challenge to pick which one is the best to put your money into. 

Many investors are still looking forward to investing and still searching for the next big thing. And as an investor, what you should be looking for is a DeFi crypto that has innovative technology and strong community support.

In this article, let’s take a closer look at these three top decentralized finance tokens that can have a massive hit this month of April.

RenQ Finance (RENQ)

RenQ Finance is a new DeFi launched in February and is just about to have a massive hit in the market. It has gained a good reputation due to its aim to ease the decentralized trading experience with cross-chain interoperability and liquidity aggregation. 

Most DeFi protocols have the same initiatives for their users — anonymity, security, and transparency — which any crypto exchange should have. However, there are still decentralized exchanges that might be providing these benefits but also have some drawback such as failed transactions, delayed order execution, significant slippage, front-running, or some missing capabilities that centralized exchanges often provides. This is where RenQ gets in. 

RenQ provides its users with all the benefits of a centralized exchange in a decentralized environment. That’s why RenQ has attracted a huge amount of investors during its presale campaign. RENQ has now entered its fourth phase, and its price has increased to $0.035 with 72.72% of tokens sold and had already raised almost $5 million. Once it enters its fifth phase, its price will increase to $0.040. Experts predicted that by the end of the year, RENQ will have a surge of 50x its price so this could be your chance to invest.

Chainlink (LINK)

Powered by Ethereum, Chainlink is an industry-standard Web3 services platform. By using this platform, off-chain data can be transferred to on-chain smart contracts in a tamper-proof manner. Its decentralized structure also ensures data security and provides reliability for its users and is now most widely used in the DeFi space with over 1000 integrations with top blockchain networks and smart contract platforms.

In late 2020, LINK’s price had its bull run reaching its all-time-high price of $20 due to the overall bull market in the crypto space and strong demand for LINK as a utility token on the Chainlink network. Since then, although its price went down somewhat, LINK remained to be stable and continues to be a popular investment asset. 

In addition to its continuous growth, Chainlink has introduced Chainlink BUILD in September last year. Chainlink BUILD program boosts the growth of projects using Chainlink by allowing users enhanced access to Web3 services, technical support, and ecosystem alignment. 

LINK’s price today is at $7.30 with a 24-hour trading volume of $16,770. 

Aptos (APT)

Aptos is an innovative blockchain project that aims to solve the limitations of existing blockchain platforms by providing a scalable, secure, and decentralized infrastructure. It is designed to foster an ecosystem for developers, businesses, and end-users. It also allows anyone to make predictions about real-world events, regardless of their state in terms of location and financial status. 

Currently, Aptos has more than 100 projects built into its network mostly NFTs and DeFi. On Monday, APT had a surge of an impressive 11% in its price reaching its all-week-high of $12.53 and is currently at $11.68 (-0.68%).

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