The larger crypto market is facing resistance around the $1.3 trillion market cap. Although Bitcoin has regained its $31,000 price point, sellers are still trying to take charge. Despite this, decentralized finance (DeFi) protocols are making progress. This guide looks at the best DeFi coins for smart investors to consider.

1. Lucky Block (LBLOCK) – Overall Best DeFi Coins to Invest in for Long Term

Lucky Block’s native token LBLOCK kicks off our DeFi coins to invest list. The crypto gaming token has been dubbed as one of the best crypto under $1 to buy for the future.

Yesterday, Lucky Block’s first picked winners for its inaugural prize draw. The crypto platform’s first draw was concluded with two winners winning $1 million each.

The winners will be paid daily over the course of a calendar year. Over 23,000 tickets were sold on the first day of sales before the draw, pointing to the growing excitement for the project’s inaugural jackpot.

The NFT draw winner announcement was hosted by international rap icon Swae Lee on May 31st, bringing much spotlight to the booming project’s ecosystem.

The daily draw will commence fully on June 6. Interested users can buy Lucky Block to participate in the coming draws. The minimum investment is $5 worth of LBLOCK tokens and holders of LBLOCK worth $500 and above stand a chance to get a free ticket.

Lucky Block is a gaming platform hosted on the Binance Smart Chain (BSC) network. The platform’s mission is to enable more transparency and fairness in the online gaming space.

We include Lucky Block in our DeFi choices because of its reward generation for token holders. By voting for the charities to donate to as part of each daily jackpot draw process, token holders are entitled to a proportionate amount of the prize draw – 10% of the jackpot is divided among the token holders.

Lucky Block relies on Chainlink’s Verifiable Randomness (VRF) service to ensure that the prize draw system is not rigged. Also, there are several draws taking place daily to increase players’ chances of winning the raffle draw.

Despite launching in January of this year, Lucky Block has attracted several global stars. Boxing veterans Dillian Whyte and Florina Marku were signed on as ambassadors earlier in May. Others like Savannah Marshall and Lerone Richards recently became members of the Lucky Block Army.

LBLOCK token has outperformed several established projects in its short spell. The digital asset surged 4,000%+ from its presale price of $0.00015 to $0.0096 in mid-February. At press time, LBLOCK is trading at $0.0017, offering investors who want to buy Lucky Block a low-entry point. The digital asset has jumped by 100% in the past seven days.

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2. DeFi Coin (DEFC) – Top DeFi Project on Education

One of the best DeFi coins to invest right now is DeFi Coin. Also based on the BSC network, DeFi Coin aims to educate users on the intrinsic benefits of cryptos and the DeFi space.

The protocol seeks to do this using educational content incorporated into its mobile app.

DeFi Coin is also community-owned, meaning holders of its DEFC tokens can contribute to the project’s progress going forward. The protocol was designed in a way to attract hodlers who are focused on long term growth.

As a result, it levies 10% on token purchase and sales. 50% of this value is redistributed to DEFC holders while the balance is added to its liquidity pool.

DeFi Coin recently made headlines following the launch of the long-awaited DeFi Swap first iteration. DeFi Swap is a decentralised exchange that allows users to exchange tokens, provide liquidity, and engage in yield farming. This strong use case has spurred several investors to buy DeFi Coin.

https://mobile.twitter.com/DeFiCoins5/status/1530459094578089985

So far, DEFC has benefited from the launch of its DEX. The crypto token rose by 300% in mid-May. At press time, DEFC is trading at $0.31 with a further uptrend on the horizon.

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Cryptoassets are a highly volatile unregulated investment product.

3. Near (NEAR) – Carbon Negative Blockchain

Near Protocol is one of the top Web3-enabling protocols. A recent entrant in the crypto space, Near is out to promote a more scalable, low-cost, and low energy density blockchain. The protocol’s reliance on its Nightshade technology makes it process over 100,000 transactions per second (TPS) without its energy requirements shooting through the roof. This makes Near one of the most environmentally sustainable protocols in the crypto space.

As a layer-one network, Near provides a development bed for decentralised applications (dApps) to build without sacrificing security and decentralisation. The protocol has been ramping up its efforts to snap up dApps and recently partnered with Infura.io.

According to the blog post, Infura will make its leading Ethereum development platform available to developers on the Near Protocol. The protocol’s growing influence has seen investors earn interest on NEAR in order to tap into the Ethereum killer.

At press time, NEAR is experiencing a slight dip and is trading at $5.9, down 49.78% in the past month.

Buy NEAR on Binance

Cryptoassets are a highly volatile unregulated investment product.

4. Algorand (ALGO) – Next Gen TradFi Platform

Algorand is one of the top Web3 platforms globally. With recent partnerships, Algorand’s ALGO token is one of the best DeFi coins to invest in.

Much like several platforms in its niche, Algorand aims to host decentralised financial solutions while ensuring rapid transaction resolution and low fees. The protocol is also highly energy-efficient as it relies on a new consensus algorithm for validating transactions.

Algorand recently partnered with pNetwork for cross-chain compatibility with the foremost blockchain network, Bitcoin. According to a recent tweet, Algorand users can now access the crypto bellwether directly through this interoperable bridge.

ALGO has faced a similar downhill trajectory as the broader crypto market and is trading at $0.42, down 31.13% in the past 30 days.

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Cryptoassets are a highly volatile unregulated investment product.

5. VeChain (VET) – Versatile Layer-1 Protocol

While others are focused on improving a particular niche of the market, VeCchain aims to bring about a total redefinition. The protocol started off as a supply chain consortium in 2015 but has since moved into quality control, logistics, and other solutions for real-world challenges.

This versatility has made several advocates refer to the network as a versatile smart contract network. The protocol works in tight collaborations with the Internet of Things (IoT) and is out to facilitate a global blockchain ecosystem where every industry embraces the technology.

Tapping into the growing liquidity offerings, Vechain has recently launched its VET lending service which allows stakers to earn liquidity on Coinrabbit.

Not sure if the time is right to buy VeChain? At press time, VET is trading at $0.033, down 29% in the past 30 days.

Buy VET on Binance

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

In our article, we have examined the 5 best DeFi coins to invest in now for long term gains. While several projects fit the bill, we recommend Lucky Block’s LBLOCK. The coin’s growing relevance in the crypto space, low price, innovative product updates and a stellar dev. team makes LBLOCK the best coin to invest in for the long term.

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