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5 DEX Coins To Buy For High Profits – March 2022

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5 Best Dex Coins To Buy For High Profits - May 2022 week 1
5 Best Dex Coins To Buy For High Profits - May 2022 week 1

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This year has seen a growth in the value of many decentralized exchanges. Their values have risen considerably this year, making them attractive to smart investors.
Below, we consider some of the best DEX coins to buy for explosive returns.

1. Lucky Block (LBLOCK)

Kicking off our list of the best DEX coins to buy is LBLOCK. The asset is pegged to Lucky Block – a new-generation gaming platform that is looking to revolutionize the industry completely. It is not a DEX coin, but investors should keep it in their watchlists nonetheless

Lucky Block is a blockchain game that allows players to enjoy different types of online and gambling titles. This digital asset utilizes blockchain technology to promote fairness and transparency. Users can check out transaction records to ensure proper compliance, and the game itself is open to anyone in the world.

The digital token can also be used instead of traditional tickets, ensuring that their access to the game is never compromised. LBLOCK was eventually released in January 2022 on PancakeSwap – one of the most popular decentralized exchanges in the market.

After launching at a price of $0.0020, BLOCK soon jumped and hit an all-time high of $0006 less than a month after its launch. The asset currently trades at $0.0050, so it is still in a very good position heading into the month of March.

Looking for high returns in March, then you should keep an eye out for this coin. There are several growth drivers to watch out for, including the assets listing on major exchanges like Binance and FTX. At the same time, the Lucky Block developers are also working on a mobile app that will allow more people to access the game. So, there’s a lot of hype running around for the coin at the moment.

2. Curve Finance (CRV)

Curve Finance has grown to become a giant in the decentralized finance DeFi field. The platform currently ranks as the biggest DEX in the market, and its CRV token is unsurprisingly among our picks for the best DEX coins to buy.

Curve operates as a decentralized exchange liquidity pool. Built on Ethereum, the platform specifically focuses on low-slippage stablecoin training and offering income to liquidity providers.

There are many reasons for you to consider buying CRV. The asset is now a DeFi giant, meaning that it will likely be one of the coins to see the biggest gains when the bull market kicks in properly. Also, Curve Finance recently launched support for Moonbeam – an Ethereum-compatible Polkadot parachain.

Thanks to this integration, Ethereum-based decentralized applications can launch on Polkadot much easier. Curve currently supports eight different blockchains, but Ethereum is by far its largest. The blockchain contributes $15.85 billion out of $18.41 billion in total value locked in Curve, according to stats from DeFiLlama. With the new integration, users in Polkadot’s ecosystem have gained access to over $15 billion in liquidity through the Ethereum markets available on Curve Finance.

3. Uniswap (UNI)

Uniswap is another platform that needs little introduction to crypto enthusiasts. The platform used to be the biggest DEX in the market. While it no longer holds that title, Uniswap has an indelible place in the market right now.

Growth drivers for Uniswap have always been available. In the face of the Ukraine crisis, the DEX launch an interface that directly converts ERC-20 tokens to Ether (ETH). From there, the coins are sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction.

It also helps that Uniswap remains a major force to be reckoned with in the market. So, like CRV, UNI is expected to be among the first coins to see gains when the bull market kicks in. You can invest in this asset and know that these gains will come.

4. SushiSwap (SUSHI)

Moving on, we have SushiSwap – an Ethereum-based decentralized protocol that provides automated liquidity. SushiSwap operates as a decentralized exchange and a decentralized lending market at the same time, providing access to different customers and investors.

Last month, Compass Financial Technologies – a fund manager based in Switzerland – launched an index for ten decentralized finance (DeFi) tokens. The index, formally known as Compass Crypto Basket Fundamental DeFi Index (CCBF DEFI), features several assets – including SUSHI. If anything, this shows an increased appetite for the asset and DeFi in general from the market.

SushiSwap remains one of the five biggest DEXs in the market right now. As more people become comfortable with buying and trading assets across these platforms, we expect to see a growth in SushiSwaps numbers and SUSHI’s value.

5. dYdX (DYDX)

Rounding up our list of the best DEX coins to buy is DYDX. The asset is the native taken for dYdX – a layer-two protocol that facilitates derivatives trading.

The biggest news so far surrounding dYdX has been the resolution for its developers to make it more decentralized. Earlier this year, dYdX published the fourth step in its roadmap, explaining its intention to become an open-source, community-governed, fully decentralized exchange. The roadmap shows that it hopes to achieve this by the end of the year, and there is a lot of excitement for how they hope to implement this.

DYDX trades at $5.73, down 3.56% in the past 24 hours. Compared to the broader market which is down by 4.45%, DYDX price is favourable. As investors gear up for another possible bear market, you might want to buy the dip now and let your DYDX grow.

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