Top Five DeFi Coins for September

A look at five decentralized finance (DeFi) tokens that have exciting developments planned for the month of September.

Kava.io (KAVA)

  • Current price: $ 8.11
  • Market capitalization: $ 673 million
  • Market Cap Ranking: # 110

Kava is a decentralized financial lending (DEFI) platform. Unlike other platforms of this type, it provides support for cross-chain resources. platform allows users to borrow stablecoins and then use them for profit.

platform uses the native token, KAVA. token has a use case as a reserve currency and for voting rights.

KAVASwap will launch on September 1 and will serve as a bridge between DeFi, blockchain, and financial services. Also, the mainnet will launch in September.

KAVA broke a descending resistance line on July 24 and reached a new all-time high on August 24.

Subsequently, it fell to validate the $ 7.30 area and started another bullish move. As a result, it hit a new all-time high of $ 9.21 on August 30.

re is no weakness present in the technical indicators. next resistance is at $ 1.90.

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Mantra Dao (OM)

  • Current price: $ 0.22
  • Market capitalization: $ 79 million
  • Market Cap Ranking: # 431

MANTRA DAO is a decentralized financial platform managed by the community. It focuses on governance, equity and loans.

native token used by the platform is OM, whose holders govern the Mantra Dao ecosystem through their voting rights. Users who contribute to the ecosystem are rewarded by the ‘Karma’ reputation mechanism.

Skyrim Pool will open on September 1, prior to the launch of Skyrim Finance. Skyrim Finance Launch is an ecosystem of DeFi products. That will provide fixed rate, leveraged performance products. Initially it will be based on Ethereum and Binance Smart Chain, while later it will be compatible with Polkadot.

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OM broke out of an ascending parallel channel on August 5 and validated it as support two days later (green icon).

Although it has been rising since then, it has yet to reach a close above the $ 0.25 horizontal area. This could lead to a major bullish move.

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Earth (MOON)

  • Current Price: $ 33.8
  • Market Cap: $ 13.58 billion
  • Market Cap Ranking: # 12

Terra is a blockchain that uses stablecoins and in turn uses them to power a global payment system. goal of the project is to combine the decentralization of cryptocurrencies with the stability of fiat currencies.

native token is called LUNA. Its two main use cases are stabilizing stablecoin prices and using them for voting rights.

On September 9, the Columbus -5 mainnet update will begin, providing several updates to the current system. Most importantly, instead of burning the swap fees, they will be used as a dividend.

LUNA has been rising since August 1 when it broke out from a descending resistance line. As a result of the breakout, it peaked at $ 36.89 on August 29. This is a new highest price of all time.

However, there are some slight signs of weakness in the form of bearish divergences in both the RSI and MACD.

closest resistance area is at $ 33.86, right at the current price, while the next one is at $ 52.50. se are the 1.61 and 2.61 Fib External Retracement Resistance Levels.

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Coti Network (COTI)

  • Current price: $ 0.34
  • Market Cap: $ 274 million
  • Market Cap Ranking: # 165

COTI is a blockchain platform specialized in the creation of payment systems. Specifically, it allows users to create their own custom payment systems.

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It uses a new consensus algorithm called ‘Trustchain’, which is based on machine learning. algorithm can process more than 100,000 transactions per second.

platform offers seven main unsurts considered essential for the legitimate payment structure:

  • Simplicity
  • Scalability
  • Cost effectiveness
  • Buyer-seller protections
  • Safety
  • Price stability
  • instantaneity

In September, COTI will begin to distribute smart contracts on chain. contracts will be executed entirely in chain, distinguishing itself from other platforms that offer smart contracts.

On August 25, COTI managed to break out of a long-term parallel descending channel. It was up 48% for the day and peaked at $ 0.49.

However, it has declined since it was rejected by the Fibonacci retracement resistance level of 0.786. closest support area is at $ 0.26, the resistance line of the previous channel.

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Zero exchange (ZEE)

  • Current Price: $ 0.274
  • Market Cap: $ 14.2 million
  • Market Cap Ranking: # 871

Zeroswap is a decentralized exchange aggregator compatible with different chains. Transactions are made without gas and new tokens are created each time an on-chain exchange takes place.

platform’s native token is ZEE. So far, the platform offers access to the Ethereum, Polkadot, and Binance smart chains.

Three major new products will be launched in three quarters of 2021:

  • Zeroswap mobile app
  • A new governance module
  • New bridge for PolkaDot, AVA and Elrond

EEZ began an upward movement on July 20, which peaked at $ 0.45 on August 23. Although the token has moved lower since then, it is still trading above the 0.618 Fibonacci retracement support level at $ 0.262.

For the bullish structure to remain intact, the EEZ must remain above this level.

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Both the MACD and the RSI are neutral. first is on line 0 while the second is on line 50.

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