Best DeFi tokens to buy in 2023 Lido Dao, The Graph and Tradecurve
The decentralized finance (DeFi) space continues to evolve and attract attention from investors and crypto enthusiasts. In 2023, as the DeFi ecosystem matures, it is crucial to identify promising projects that offer potential growth and innovation. Today, we will explore three standout DeFi tokens that have caught the attention of many: Lido DAO, The Graph, and Tradecurve. Keep on reading to find out what makes them so unique.
Lido DAO (LDO) price soars after Lido V2 launch
Lido DAO is a decentralized autonomous organization (DAO) that aims to bridge the gap between Ethereum and the rapidly expanding ecosystem of staked Ethereum 2.0 (ETH) assets. Lido DAO fixes a vital issue that the current POS staking mechanism has – illiquidity. By enabling users to stake their ETH and receive stETH (staked ETH) tokens in return, Lido DAO provides a liquid and fungible representation of staked assets.
It just released Lido V2, which has assisted in driving up the price of Lido DAO over the past few weeks. This new version introduces withdrawals and a staking route, which the Lido DAO community has wished for.
Currently, Lido DAO is trading hands at $2.28 with a market cap of $2B, which is a rise of 4.44% in the last 24 hours. As the V2 upgrade progresses, Lido DAO is well-positioned to capture a significant portion of the growing staking market which may push the token price to $3 by the end of 2023.
The Graph (GRT) with a strong bounce
The Graph is a decentralized indexing and querying protocol that facilitates efficient data access for blockchain applications. It aims to provide developers easy access to on-chain data, enabling them to build decentralized applications (dApps) with powerful and user-friendly interfaces.
After a remarkable recovery from its lows in May 2023, the Graph price has a bright outlook. According to the most recent study, if the BTC price stays steady over the next few days, there is a significant upside waiting for The Graph.
According to the most recent research of The Graph price chart, it has fluctuated between $0.084 and $0.17 for a considerable amount of time. As long as the price retains the $0.105 level, the price prognosis for the Graph will continue to be optimistic. Another retest of the range highs, located at $0.17, is also conceivable for The Graph. Currently, The Graph has a value of $0.1287 with a market cap of $1.1B, a fall of 2.49% overnight.
Tradecurve (TCRV) to reign supreme in 2023
While The Graph and Lido DAO have been tokens to watch, analysts predict that Tradecurve’s long-term growth potential could outshine them both. Tradecurve will be an upcoming borderless, decentralized exchange that will implement the best features of centralized exchanges, such as high liquidity and access to multiple asset classes. On this Ethereum-based trading platform, traders worldwide will gain access to trading options such as stocks, commodities, options, forex, and cryptocurrencies on one account.
Moreover, they can all be traded by creating an account using an email only, linking it to a crypto wallet, and depositing a cryptocurrency as collateral. This, in turn, will allow traders to remain anonymous as no sign-up KYC checks will be performed. As more individuals turn to privacy-focused entities, Tradecurve could become a fan-favorite.
Tradecurve will also provide the lowest transaction fees as its decentralized nature will eliminate all third-party intermediaries. Transparency will also be a critical factor in its operation as a Proof of Reserves (PoR) will be implemented, boosting depositor transparency via impartial audits.
The native token, TCRV, will be the backbone of this platform and its features, including a high leverage starting at 500:1, negative balance protection, VIP service, and more. TCRV is currently offered for just $0.015 and is in Stage 3 of its public presale. If we compare it to one of its rivals ICO, let’s say KuCoin, which started at $0.250 but saw an all-time high of $28.80 – the Tradecurve ICO is on the right track to replicate or even outperform its competition.
With a combination of the best features of CEX and DEX, Tradecurve could make the biggest splash in the DeFi space. And with experts predicting that the TCRV may see a rise of 50x during the presale and a 100x jump when it gets listed on a significant CEX after its launch, buying it now would make the best return on investment (ROI).