Decentralized finance is an aspect of crypto trading and investing where the major aim is to generate a steady stream of passive income. So, DeFi tokens like Avalanche (AVAX), Injective (INJ), Fantom (FTM), and Lunex Network (LNEX) are designed for this purpose. They simplify your crypto experience by bringing you easy profits.
Decentralized finance (DeFi) is a buzzword in the crypto space, especially for those looking to generate a steady stream of passive income. Several DeFi tokens aim to simplify your crypto experience and help you earn easy profits. But which of these tokens – Avalanche (AVAX), Lunex Network (LNEX), Injective (INJ), and Fantom (FTM) – offers the best short- and long-term ROIs?
1. Is AVAX Still a Good Buy?
AVAX powers the Avalanche network, an ecosystem renowned for its fast and cheap transactions. It has gained immense popularity in the crypto world, ranking among the top 20 coins by market cap.
However, Avalanche hasn’t seen much success recently, mainly due to negative market sentiments. Its future potential remains strong as a robust ecosystem with a large following. But investors might want to pause before going all-in on AVAX, considering there are other tokens with better potential returns.
2. Injective’s Impressive Rally Falters
Injective is a layer-1 blockchain built primarily for decentralized finance. As the market has been bullish for the major part of the year, INJ hit an all-time high above $50 a couple of months into 2024. But it gradually lost all the value gained in that period over the next 6 months.
Recently, however, Injective started rallying, appreciating by 28%. INJ currently sells for $21.50, but recent price performance has been underwhelming. A sharp drop saw INJ lose close to $5, halting its impressive rally. Due to its smaller market cap, further volatility could see Injective drop even lower.
3. Fantom (FTM) Keeps Roaring On
FTM has shown a lot of promise over the last couple of months. The token rose from $0.35 to its current price of $0.7, doubling its price and fetching decent investment returns. In the last 30 days, FTM appreciated by 67%, which is quite impressive.
This makes FTM one of the DeFi tokens worth investing in. However, it’s also susceptible to volatility and frequent price fluctuations since FTM’s market cap just recently crossed the $1 billion mark. FTM might keep boosting crypto investors’ profits, but is there a token with superior potential?
4. Why LNEX Is the Real Deal
Lunex Network positions itself as a game-changer in the DeFi space. It combines the user-friendly experience of centralized exchanges with the speed and accessibility of decentralized platforms to provide a superior trading experience to crypto enthusiasts.
The Lunex ecosystem also supports over 50,000 trading pairs, leveraging an aggregation protocol to source liquidity from multiple exchanges and secure the best rates for users.
LNEX token holders can stake their tokens even during the presale phase, earning up to 18% APY in rewards. This early staking opportunity, coupled with the platform’s revenue-sharing model, offers investors multiple streams of passive income.
As a result, LNEX simplifies investors’ crypto experiences by offering the best ROI. It is currently in presale stage 2, with an attractive entry price of $0.0013 per token. Crypto experts predict an 1,800% price boom is on the cards before the presale ends and a 100x gain for early investors once it lists on exchanges.
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