The January cryptocurrency crash was one of the biggest we have seen in recent years. But as of early February, the selling pressure appears to be easing. Well, in the midst of this volatility, there are a few DeFi tokens that should be on your radar. This is why:
After the January crash, many coins are being sold at a discount, giving you the opportunity to buy them cheaply. DeFi is one of the most promising areas of the blockchain economy and will develop excellent long-term value. There are also many interesting DeFi projects to choose from for all types of investors.
Well, if you are looking for some exposure in DeFi, coin hunting should offer great opportunities.
IDEX (IDEX) is a liquidity exchange that offers on-chain and off-chain cryptocurrency trading. The platform offers a hybrid approach with the traditional order book and the most modern automated market making protocols.
At the time of writing, its native token, IDEX, was trading at $0.20, down 5% in 24 hours. IDEX has also been rallying in recent days. In fact, the DeFi token has increased by more than 90% in the last 7 days. It is a very good long-term investment for DeFi fans.
Maker (MRK) is the main token and governance utility of the Maker Protocol and Maker DAO. Based on the Ethereum network, MakerDAO is a fully decentralized social chain that provides the necessary tools for users to develop and launch stablecoins.
MKR is one of the most popular DeFi tokens; in fact, at press time, the token was trading for $2,262, up almost 30% from last week. With a market cap of around $2.2 billion, there is still plenty of potential for growth.