Chainlink formed a double-bottom pattern, pointing to a potential rebound, as signs showed that some whales were accumulating the token.

Chainlink (LINK), the biggest oracle provider, bottomed at $20.12 on Friday and rebounded to $22.50 on Sunday, Dec. 22. Still, the coin remains about 27% from its highest point this month, meaning that it is in a bear market.

A potential catalyst for the LINK token is that whales are accumulating it. According to LookOnChain, nine new wallets withdrew 362,380 coins from Binance in the last two days. These coins are now valued at over $8.19 million.

Crypto.news reported last week that another whale accumulated 65,000 LINK coins valued at $1.8 million.

These whales bought Chainlink a week after World Liberty Financial (WLFI), the DeFi platform launched by the Trump family, bought over 78,300 LINK tokens valued at over $1.7 million. It’s worth noting that President-elect Trump and his family mostly own WLFI tokens.

Chainlink, known in the crypto industry for its fundamentals, is the biggest oracle in the sector with over $35 billion in total value secured. That figure is higher than its biggest competitors like Chronicle, Pyth, Edge, and Redstone.

Chainlink’s ecosystem will likely grow as more chains and networks embrace its technology. Justin Sun’s Tron, the most recent chain to use its oracles, has switched from WINKLink to Chainlink.

Chainlink has also formed major partnerships in the Real World Asset tokenization industry, including by companies like Coinbase, Emirates NBD, SWIFT, and UBS. 

Chainlink price formed a double-bottom pattern

LINK, like other cryptocurrencies, has dropped sharply in the past few days as concerns about the Federal Reserve remained.

The token has remained above the 50-day moving average on the daily chart. Most importantly, it has formed a double-bottom chart pattern at $20.12. This pattern happens when an asset fails to move below a specific price two times. It is one of the most bullish reversal patterns in the market.

LINK has also formed an inverse hammer pattern, a popular reversal sign. Therefore, the coin is likely to bounce back in the next few days as investors target the key psychological at $30, which is about 35% above the current level.

On the flip side, the bullish view will become invalid if the coin drops below the double-bottom point at $20.12. 

U.S. President Donald Trump’s apparent enthusiasm for blockchain technology and decentralized finance (DeFi) has sparked debates on whether DeFi initiatives can once again change the world financial scene. Smart investors are searching for top-performing DeFi cryptocurrencies that could offer exponential returns as blockchain systems continue to evolve and demand for decentralized solutions rises. Below are five DeFi coins—Rexas Finance (RXS), Polkadot (DOT), Cardano (ADA), Mantle (MNT), and Tron (TRX)—that should be in every investor’s portfolio.

5 DEFI Coins to Buy Following Trump’s Bullish Stance on Crypto

1. Rexas Finance (RXS): Transforming Real-World Asset Tokenization

Rising as one of the most innovative participants in the DeFi scene, Rexas Finance (RXS) is bringing mainstream real-world asset (RWA) tokenization. Users  can tokenize real estate, gold, and commodities, as well as intangible items. Rexas Finance democratizes asset investing by allowing fractional ownership of these assets, opening a wider audience.

Other key features making it stand out in the DeFi sector are:

• Enhanced security and investor confidence: With Certik-audited smart contracts, Rexas Finance ensures a secure platform for its users. These audits provide a high level of trust and protection, which has already drawn significant attention from investors.
• Exciting presale opportunities: Currently in its tenth presale phase, RXS is priced at $0.15. The RWA token  has already raised an impressive $28.6 million and is gearing up for listings on three tier-1 exchanges at $0.20, offering early investors the potential for substantial returns.
• Cutting-edge tools for DeFi innovation: The platform includes innovative features like Rexas GenAI, an AI-powered NFT generation tool, and the QuickMint Bot, which allows for no-code token creation. These tools set Rexas Finance apart as a leader in DeFi innovation.
• Strong community engagement: To foster participation, Rexas Finance offers a $1 million prize pool, where 20 lucky winners will each receive $50,000 worth of RXS tokens. This initiative helps build a strong and engaged community around the platform.

With its advanced technology, strategic vision, and focus on inclusivity, Rexas Finance is positioned to outperform many traditional cryptocurrencies. Investors looking for early-stage cryptocurrencies  promising high returns could consider RXS.

2. Polkadot (DOT): DeFi Coin Innovating Cross-Chain Interoperability

Another DeFi coin worth addding to your portfolio is Polkadot (DOT). According to its whitepaper, Polkadot solves one of the main obstacles in the crypto industry by enabling flawless communication between linked blockchain systems with its cross-chain messaging system (XCMP). Its ability to scale and manage large transaction volumes has drawn numerous developers and dApps, increasing investor confidence.

In the past month, DOT’s price skyrocketed by 29.51%, hitting $7.42 and attaining a market capitalization of $12.81 billion. By emphasizing decentralized architecture, it guarantees lasting importance in DeFi, positioning DOT as a wise long-term investment.

3. Cardano (ADA)—The Blockchain of the Scientist

Cardano is a DeFi leader that merges academic precision with contemporary technologies, gaining recognition as “The Scientist’s Blockchain.” ADA now has a market cap of $33.42 billion and a current price of $0.952, recording an increase of about 20.92% over the past month.

Its two-layered architecture integrates the Cardano Settlement Layer for transactions to enhance performance and the Cardano Computing Layer to capture smart contracts. As a pioneering effort for research-based innovation, the platform is always going to be most favored by developers and investors.

Cardano’s focus on sustainability and scalability makes it a long-term winner as DeFi adoption accelerates. Its premier DeFi platform is strengthened even more by its expanding ecosystem of decentralized apps and smart contract features.

4. Mantle (MNT): Scalable Ethereum Layer-2 Solution

Mantle (MNT) is a rapidly emerging DEFI coin built on Ethereum, employing Optimistic Rollup technology to lower transaction costs and enhance scalability, crucial for Ethereum’s efficiency. Currently priced at $1.21, MNT has risen by 52.46% this month and enjoys an 85% positive market sentiment, with a market cap of $4.06 billion.

Its focus on robust technology and user-friendly design makes it a preferred choice for developers of decentralized applications (dApps), positioning it well in the growing DeFi landscape.

5. Tron (TRX): DeFi Coin Promoting Low-Cost Transactions

With its scalability, cheap transaction fees, and strong support for decentralized applications, Tron (TRX) is making waves in the DeFi industry. With a market capitalization of $21.56 billion and trading at $0.2501, TRX has risen 25.12% over the previous 30 days, showing great development potential.

The platform distinguishes itself with its Real-World Asset (RWA) tokenizing technology, which lets blockchain-based, safe representations of physical objects come to pass. This is quite similar to the rising trend of combining conventional financial assets with DeFi solutions.

Strongly competitive in the DeFi market, Tron’s effective ecosystem and a growing number of use cases reflect this. Its emphasis on accessibility and creativity guarantees its ongoing expansion as DeFi acceptance speeds up.

Final Thoughts

Leaders in decentralized finance, such as Rexas Finance (RXS), Polkadot (DOT), Cardano (ADA), Mantle (MNT), and Tron (TRX), are revolutionizing traditional financial systems. These DeFi coins offer vast investment opportunities through innovative scalability and asset tokenization. With Donald Trump’s positive views on blockchain technologies, the DeFi market is poised for substantial growth. Investing in these coins now may yield significant profits, marking the future of blockchain innovation.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.