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Recently, Markets in Crypto-Asset Regulation (MiCA) released a new framework that suggests that big banks could enter into the DeFi market and potentially complicate compliance for other native crypto platforms. However, this claim by MiCA also highlights a potential increase in institutional participation in the broader crypto market.
If that’s the case, Big banks entering into the DeFi space could potentially increase the mainstream acceptance of decentralized finance (DeFi), which may bring heightened exposure to some unique DeFi coins on the market currently.
In line with this new trend, some cryptocurrencies stand a chance to benefit from the exposure that is to come to the DeFi market and beyond, even for meme coins. These coins are KangaMoon (KANG), Shiba Inu (SHIB), Stacks (STX), Dogwifhat (WIF), and Internet Computer (ICP).
With over $6,670,510.029 now accumulated in its bonus stage, KangaMoon (KANG) is no doubt the next meme coin to watch for potential meteoric success when it finally launches on tier-1 exchanges this Q2. In addition to the records KangaMoon has made, it has also been able to attract over 23,000 registered members consisting of 6,000 plus KANG holders.
But, what is KangaMoon really about? The meme coin project stands out from the crowd by merging SocialFi and GameFi’s P2E components that is poised to be a game changer for meme coins. Currently, KangaMoon is ranking as one of the hottest presale coins in the meme coin market, and is already predicted to price as high as $1 by the end of this year.
Although, so far, KangaMoon has risen over 400% up from its initial price of $0.005 in the first stage of its presale, KangaMoon token is currently selling for $0.025. Having surpassed most expectations from the onset, analysts predict that the KANG token will potentially grant its users up to 1000% ROI almost immediately it debuts in the DeFi market.
Right now, KangaMoon is still on fire and the momentum is not close to dying. Supporters are engaging in its social media incentive where they get free $KANG tokens from sharing and commenting on Kangamoom’s posts. Meanwhile, the platform recently partnered with RaidSharkBot to further increase its adoption with thrilling raid challenges— a community engagement strategy that might propel KangaMoon to a new height.
After Dogecoin (the original meme coin), it's safe to say that Shiba Inu (SHIB) is the second most recognized and influential meme coin in the crypto space. After launching in May 2021, Shiba Inu received further endorsement from Elon Musk via tweets and publicity, which significantly skyrocketed the sensation around SHIB token. This surge in popularity didn’t stop at propelling Shiba Inu to limelight but also paved the way for other meme coin projects.
One of the most interesting features about Shiba Inu is its platform called Shibarium. This platform has influenced the growth of Shiba Inu positively as it works to slashes costs, speeds up transactions on Shiba Inu’s network.
Recently, Shibarium soared to a remarkable milestone, boasting a staggering 1 million daily transactions. This particular feat reflects how important its role is in enhancing the efficiency of the Shiba Inu network. With a large supply for trading, the meme coin is sure to tap into the benefit of heightened institutional indulgence in crypto
As a leading cryptocurrency in blockchain innovation, Stacks (STX) does not only expand Bitcoin's functionalities with smart contracts but also envisions a target valuation of $10 this year, compared to its current $2 valuation.
Built upon Bitcoin's secure network, Stacks also ensures the integrity and reliability of assets and applications, positioning itself at the forefront of decentralized finance (DeFi) and smart contracts. As a layer 1 blockchain and one of Web 3 top DeFi coins, Stacks has ensured to make some positive impact on the future of blockchain.
Looking forward, the trajectory of Stacks price will be heavily reliant on its adoption within the blockchain community and its seamless integration into various technological ecosystems. Aside from SEC granting regulatory approval for its token offering, Stacks is on a path to keep up innovation, which will potentially solidify its position and relevance in the blockchain space.
As usual, meme coins are often propelled by internet sensation like social media, and strong online community support. Dogwifhat (WIF) is one of those meme tokens that have seen an impressive market performance due to the influence of online presence and growing investor sentiment.
Despite its relatively small market capitalization, the native WIF token has gained attention for its substantial price appreciation which was further supported by several unique features. These features include its playful theme featuring a “real-life dog with a hat” meme, its Solana blockchain foundation for fast and low-cost transactions, and strong community engagement to name a few.
These factors contribute to Dogwifhat’s ascension to stardom, especially as it is now considered to be one of the most appealing among meme coin investors. Ultimately, the token holds huge potential for further growth and volatility in the broader altcoin market.
Being the cryptocurrency platform to create the world’s first web-speed and web-serving public blockchain, Internet Computer (ICP) token has more than enough potential to transverse through the current slump in the crypto market and becomes one of the best DeFi coins to watch out for.
As Bitcoin creates digital wealth and Ethereum allows for smart contract, DeFi and NFT exploration, Internet Computer network is the next big innovation on the line as it takes smart contract computing to a whole new level. As a blockchain network, Internet Computer handles smart contract computations at lightning speed, manages data storage and offers a strong software framework for developers
With advanced features like its Internet Identity (IID) and its adept Chain Key Technology and Network Nervous System (NNS), Internet Computer can potentially secure additional institutional interests this year, further solidifying its position among top DeFi coins.
KangaMoon (KANG) might not be able to achieve the status of the meme coin with the highest market cap due to already established meme coins like Dogecoin and Pepe however, the possibility of this happening is far from slim.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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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.
