The trading volume within the crypto sphere recently blew up by 48%, marking a significant surge in interest from traders and investors. This situation showcases that even during times of massive volatility, the industry has managed to retain its growth potential and could soon reach new heights. This has sparked a significant level of attention towards Decentralized Finance (DeFi) coins, or specifically, cryptocurrencies in this category have blown up in value.
The DeFi crypto market cap alone is up 41% during the past week, and at this rate, could see a significant level of growth, even above its current value of $116.57 billion. This upcoming phase in the crypto space could significantly shape the future of DeFi, and today, we will go over at coins which have the possibility of rallying 1000% or above in the upcoming week. It's essential for traders and investors to understand which cryptocurrencies can surge, including presale projects like KangaMoon (KANG), so here is the top decentralized cryptocurrency list that any trader should be aware of.
KangaMoon (KANG) is seeing an exponential level of growth during this time, as presale-stage tokens are typically immune to the market's volatility, as they have a planned price, which results in predictability.
The KangaMoon presale had a starting value at $0.005 but since then it has hit $0.01125. This showcases a monumental jump of 125%. Moreover, the presale has raised over $1,000,000 so far, and it's on its way towards hitting $1.5 million this week, and $2 million by the end of March.
The platform has picked up significant attention due to its community-driven approach, and its unique integration of Social-Fi elements. Anyone will be able to earn even during the presale, and they do so by sharing posts, tweerting, or commenting. They are rewarded with KANG tokens. Moreover, the ecosystem will boast a merchandise store, and non-fungible tokens (NFTs). The project focuses on the community, and is priming to become the best DeFi crypto for 2024, especially once it's listed on top Tier-1 CEXs in Q2. As a result, analysts are projecting a price to $1 following its official launch.
THORChain (RUNE) has experienced notable gains as of recently which is indicative of further bullish sentiment on its future. Just during the past year, the RUNE crypto is up 693%, and out of that growth, 82% occurred on a monthly level. Maintaining this level of growth is crucial if it attempts to break above the $10 price range. However, its bullish performance does not necessarily mean that it can carry on this growth, as a dip under $9 could lead to further decline. Yet, the current sentiment is bullish, and THORChain has the potential to reach new heights in 2024.
Theta Network (THETA) also witnessed bullishness on the charts, as it's up 245% on a monthly level. Trader speculation is currently massive on its future, as it is closer than ever to achieve further gains and spearhead the future of the top DeFi coins. The Theta Network price on a weekly level grew 52%, and now needs to break past the $4 price barrier in order to reach new heights. While Theta Network is a leader in its field, it's still important to be mindful of its historic volatility and price fluctuations before jumping into it.
The Graph (GRT) has also showcased positive momentum as of recently, yet is not immune to potential short-term setbacks. It's important to observe that The Graph crypto has made substantial gains of 297% year-to-date (YTD), and by 166% during the past month alone. Yet, a continuation of this trend is essential. The crypto space has showcased a low level of interest during this ascension run, but the crypto did break above the $0.45 price barrier. Now, to regain interest, The Graph price needs to move past $0.50.
Maker (MKR) has showcased growth both in the long-term and long-term. Specifically, the price of the MKR crypto blew up by 300% in the past year, and by 25% in the past week as-well. With the competition currently in the marketplace, Maker traders are still optimistic about its future, as the on-chart data is green, and its RSI and MACD data is in the green zone. This can be a game-changer for many jumping into Maker now, and as a result, its one of the top DeFi projects to jump into.
Fantom (FTM) initially gained attention as its value more than doubled in the past month, with a 112% uprising. Specifically, the Fantom crypto now trades above the $0.80 range, and with its smart-contract enabled blockchain, it's also appealing to developers. A growth in its ecosystem could result in far more significant gains, and due to these reasons, many are jumping into the Fantom DeFi project.
Aave (AAVE) gained a lot of attention as a decentralized crypto lending platform, especially during its prime. Its growth however has not halted, as the Aave price blew up by 108% in the past year as-well. On a weekly level, the crypto's value is up by 21%, and could soon experience even further growth. While the market can be volatile, and nothing is certain, the Aave optimism is high, and could continue to spearhead growth and become one of the top DeFi projects.
Internet Computer (ICP) is a permissionless and stake-based governance system, and a popular blockchain-based protocol that blew up in value by 208% in the past year. If Internet Computer continues with this level of massive growth, further gains could be on the horizon, and it can break past the major $15 price barrier. Moreover, it's also important to be mindful of the potential bumps Internet Computer might experience. Its value has historically been volatile, and a crash under $10 could create difficult circumstances for traders. Yet, based on the current Internet Computer price performance, its price is extremely dominant on the charts.
While THORChain, Theta Network, The Graph, Maker, Fantom Aave and Internet Computer all hold significant growth potential, and are among the best DeFi coins, the KangaMoon presale currently offers the highest ROI opportunity. Not only has it piqued significant interest with its recent growth and is already at Stage 3 of its blockchain ICO, but it will also feature a community-driven and innovative approach in the sector that is likely to appeal to enthusiasts on a global scale. These aspects make KANG the best DeFi crypto to get into.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.