5 Best DeFi Crypto Coins and Tokens to Buy July 2021

The decentralized finance (DeFi) space continues to impress investors and industry insiders. With the market careful treading on a rebound, many investors are looking to buy DeFi coins.

Data from DeFi Pulse shows that the total volume of assets locked in DeFi is valued at $53.87 billion. This is a slight increase from yesterday’s level of $52.65. Consolidation is also going on in the DeFi space, with many coins – and the market itself – trying to hit the highs that were seen in May.

With that in mind, there are a lot of investors who will want to buy DeFi coins as the space looks set for a rebound. However, stepping into the industry head-on is never exactly a good idea. Below, we will look into some of the most ideal DeFi coins for investors looking to make plays:

1. DeFi Coin (DEFC)

DEFC is definitely the hottest thing out of the crypto industry at this point. It might sound like a bit of a cliche, but this asset actually has a lot of upside to investors.

DEFC is the token for DeFi Coin – a community-driven platform that makes it easier for users to trade digital currencies. DeFi Coin brings some of the traditional benefits of DeFi, including rewards, a liquidity pool, and manual token burning to preserve DEFC’s value.

The token is launching today, so it presents an opportunity for anyone looking to buy DeFi coins before they even hit the ground. If you’re a value investor who recognizes impact, you’ll see that the team at DeFi Coins is doing some impressive stuff here – with the full whitepaper available to view here.

As stated, DEFC isn’t available to investors yet. However, its soft rollout has begun. On June 30th, 8AM (UTC), DEFC will be listed on centralized exchange Vindax. The asset will begin trading at $0.25.

2. Chainlink (LINK)

Chainlink has a unique position and value proposition for DeFi. The project is what we know as an oracle – an information provider that is critical for DeFi.

DeFi protocols run on smart contracts. However, these contracts can only get information from their blockchains. Oracles provide important off-chain information to smart contracts, ensuring that they can read this data and make use of it. As far as blockchain oracles are concerned, Chainlink is the king.

LINK serves two functions. First, requesting smart contracts use it to pay Chainlink node operators for their work. Secondly, node operators can stake LINK in the Chainlink network to get rewards.

LINK has had an incredible year, rising through the CoinMarketCap ranks and surging in value. The asset, which started 2021 trading at $12, quickly rose to $52.4 by May. But, the downturn rocked its price, causing LINK to drop to $15.8.

The asset tried a consolidation and got as high as $35.1 before another bearish wave sank it to $14.8 as of last week. LINK currently trades at $19.06 – a 28 percent jump from its bottom.

With a 42.88 RSI, LINK remains underbought. The asset’s 20-day MA stands at 20.53, so you should consider this one if you want to buy DeFi coins.

LINK’s value comes from Chainlink – as long as DeFi protocols run, oracles like Chainlink will be critical. They’re the rails that keep this sub-industry alive. Investors have also seen LINK’s value as Grayscale opened a LINK trust in March. There’s almost no downside to this asset.

3. Uniswap (UNI)


Uniswap is one of the top decentralized exchanges (DEXs) in the crypto space. DEXs are different from their centralized variants as they bring parties in a trade together. Thanks to the work of automated market makers (AMMs), DEXs provide the safety and anonymity needed in trades, reducing the need for any central parties.

Created in September, Uniswap’s UNI token focuses on governance – allowing users to vote on token developments and changes like fee structures and token distribution.

Starting 2021 at $5.31, UNI immediately rose to a yearly high of $5 on May 3 before dropping due to the downturn. UNI’s bottom was at $12.9 on May 23, and it has done a relatively good job of consolidating. After its value dropped from $29.9, the asset has been on a recovery journey one more.

With a current price peg of $17.9, UNI has gained 38 percent from its downturn bottom.

UNI’s technicals are strong, with a relative strength index (RSI) of 42.19 and a 20-day moving average (MA) of 19.43. With Uniswap successfully implementing layer-two scaling last month following its v3.0 launch, the exchange is set to provide better value to users.

4. Compound (COMP)

compound price chart

COMP is the token for Compound Finance 0 a lending protocol that currently ranks 4thon the DeFi Pulse ranking. COMP is one of the DeFi blue-chip tokens,

Compound Finance has a relatively complex way of working, but it benefits users who understand it. The platform also supports a broad range of assets, Like many tokens, COMP helps with governance and provides holders with the opportunity to earn fees.

COMP hit an all-time high of $909 in May after starting the year at $146. But, the downturn was especially harsh on this one. COMP’s value dropped as low as $266.978 on May 23, then it found even lower bottoms in June.

When COMP was through bottoming, the asset’s value stood at $194.12. But, it has risen pretty well, currently standing at $298.87 – a 54 percent jump in the past week.

COMP is currently cooling off, with its RSI dropping to 46.2. This presents a buying opportunity. The asset is also above its 20-day MA of $278.67, showing that its bullish momentum is still in full swing. This is another important option for investors looking to buy DeFi coins.

5. Curve Finance (CRV)


Curve Finance is the largest DEX in the DeFi space. It has so far managed to battle that position from Uniswap’s hands, and it is so far holding strong. In fact, only Aave has more assets locked than Curve Finance.

This exchange especially focuses on stablecoin swapping, offering low fees and quick transactions. Curve also functions as a decentralized liquidity aggregator, allowing users to add their assets to various liquidity pools and earn rewards.

Like UNI, CRV functions as the governance token of Curve Finance. The asset launched in September 2020, capitalizing on Curve Finance’s popularity and the DeFi boom to skyrocket.

After entering 2021 at $0.60, CRV rose quickly to a yearly high of $4.6. The asset bottomed out at $1.048 when the downturn came, and so its current $1.71 price marks a 63 percent jump. This is considering that CRV began its downturn before the market was hit.

As CRV continues to recover, there’s a lot to be optimistic about. The asset’s current RSI is 46.14, and it is on pace to hit its 20-day MA of $1.830.

Curve Finance is also making moves of its own. Earlier this month, the protocol announced the launch of an “algorithm for exchanging volatile assets.” The algorithm focuses on providing low-slippage swaps between similar assets, thus providing higher liquidity – and profits for users.

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