TLDR:
- The DeFi market has experienced a recent resurgence and looks to enjoy a major rally in 2024.
- Sui (SUI) and Stacks (STX) are two top DeFi coins leading the bullish market.
- Meanwhile, NuggetRush (NUGX) has emerged as the dark horse in the DeFi space, combining gaming and finance.
The decentralized finance (DeFi) sector has been experiencing major growth over the past few months. As more projects seek to revolutionize the traditional financial industry, there are signs of a full-blown DeFi market rally in 2024.
While the market is expected to experience a major rally, some top DeFi projects are leading the charge. For this DeFi crypto list, analysts have picked Sui (SUI), Stacks (STX), and NuggetRush (NUGX). Let’s find out why these are the three DeFi projects to watch.
Sui (SUI) Soars To New Heights, TVL Sets New Record
While the rest of the crypto market is still processing the SEC Decision on Bitcoin ETF, Sui (SUI) has continued to extend its rally. The total value locked (TVL) on the Sui network has increased by more than 2,000% from August 2023.
The TVL of Sui has surged to over $320 million. The price of Sui has surged alongside, reaching a new all-time high of $1.44 after gains of more than 100% on the monthly timeframe. The fast, private, secure, and accessible blockchain of Sui has encouraged the growth of users on the platform.
NuggetRush (NUGX) Leads the GameFi Revolution
NuggetRush (NUGX) is a new cryptocurrency ICO leading the revolution in the GameFi space. This new project is the ultimate blend of blockchain gaming and finance. NuggetRush features a hyper realistic virtual world of gold and mineral mining along with impact gaming to help real-world artisanal miners in underdeveloped countries.
Players will embark on quests to mine gold and other valuable minerals in the NuggetRush virtual world. They can form alliances with other gamers and miners to increase their chances of winning prizes. Unlike other games that offer only virtual rewards, NuggetRush offers real gold rewards to players for their accomplishments.
The tangible rewards has made NuggetRush one of the best DeFi crypto looking to transform the GameFi sector. To help artisanal miners, the NuggetRush team has decided to send a portion of these rewards to help these deserving communities. To increase the transparency of the project, the smart contracts of the game will be renounced after launch.
With the community controlling the game, NuggetRush will run on a trustless and transparent process. These are some of the features that have attracted a swarm of investors who have bought over 156 million NUGX tokens. While its price has surged to $0.015, analysts expect the NUGX token to trade as high as $1.00 before the end of 2024.
Stacks (STX) TVL Surge To New Heights
Layer 2 networks and DeFi have gained massive traction on Bitcoin thanks to Stacks (STX). Stacks has seen a massive surge in its TVL over the last few weeks. From $10.5 million in October, the TVL on Stacks surged past $63 million in January 2024. This surge in network activity has been backed by a growth in its network.
The Stacks coin has increased by more than 50% in the monthly time frame. While these returns are impressive, analysts expect STX to be one of the best altcoins in 2024. The reason is that the Stacks network is now in the prime position to benefit the most from the rising interest in Bitcoin and the Bitcoin blockchain.
Final Thoughts
For the 2024 market rally, Sui (SUI), Stacks (STX), and NuggetRush (NUGX) are three of the best DeFi coins to have. While you can expect outstanding performances from all three, NuggetRush pulls ahead of the pack with its unique use case and real-world application. For this reason, there has been a surge of interest in the project.
