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Best decentralized finance tokens to get on June 20

Milko Trajcevski
  • Synthetix Network (SNX)and Convex Finance (CVX) are some of the best tokens to get on June 20. 

  • In the last 24 hours, SNX increased by 74% and CVX increased by 23%.

  • Each of these tokens has a solid potential for growth in the near future.

If you are looking to diversify your portfolio with some of the best decentralized finance (DeFi) tokens, Synthetix Network (SNX) and Convex Finance (CVX) are solid picks.

On June 19, 2022, Synthetix announced that they hit 200 million in daily volume due to the Atomic Swaps on 1ich and CurveFinance and due to the Optimism Futures among other things.

Convex Finance is a platform for CRV token holders and Curve liquidity providers to earn additional interest rewards, alongside Curve Trading fees. 

Its recent growth can be attributed to the fact that on June 19, 2022, the trading volume on Curve Finance reached above $1 billion just on Ethereum, and the fees charged daily were around $400,000.

Should you buy Synthetix Network (SNX)?

On June 20, 2022, Synthetix Network (SNX) had a value of $2.767.

The all-time high of Synthetix Network (SNX) was on February 14, 2021 at $28.53.

When we take a look at the performance showcased throughout the previous month, Synthetix Network (SNX) had its highest point of value on May 5 at $5.142.

Its lowest was on May 12 at $2.2227, a decrease of $2.9193 or by 56%.

With this in mind, we can expect the SNX token to reach a value of $4 by the end of June, making it a solid token.

Should you buy Convex Finance (CVX)?

On June 20, 2022, Convex Finance (CVX) had a value of $8.940.

Looking at its all-time high, Convex Finance (CVX) reached a value of $60.09 on January 1, 2022.

When we take a look at the performance of the token throughout the previous month, Convex Finance (CVX) had its highest point on May 4 at $25.61, while its lowest was on May 28 at $9.1565.

Here we can see that the token decreased by $16.4535 or by 64%.

However, with its recent price movements, we can expect it to reach a value of $12 by the end of June, 2022.

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