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We will be diving into three DeFi coins which have massive growth potential not only during the upcoming months, but years as-well based on their recent on-chart performance, positive market sentiment and overall bullishness.
The crypto market recently reached a market cap of over $2.51 trillion, and a daily trading volume of $157 billion. These charts are indicative of a bull run, and a potential resurgence in DeFi. As a result, many analysts and traders are now speculating which altcoins could perform the most during the upcoming trading sessions.
As a result, for those looking to join the DeFi market before it explodes in value and experiences a rally, they will want to pay close attention towards Fantom (FTM), Theta Network (THETA) and KangaMoon (KANG) as they have high-growth potential, and today, we will go over how far they can spike.
KangaMoon (KANG) is an upcoming project that can completely change the landscape through its innovative approach, where it implements community-driven decisions fueled with Social-Fi elements, and can become a primary competitor to well-established projects in the industry such as Dogecoin and Shiba Inu.
The KangaMoon platform was built on the Ethereum network and its token follows the ERC20 token standard. Yet what makes it genuinely unique is the fact that every user can get rewarded for their time spent on the platform. This is directly based on their overall activity. For example, they can share tweets, comments, or even do in-game actions. In addition, any user will be able to compete in weekly, monthly and quarterly challenges to get additional rewards.
Through KangaMoon, anyone can earn while they engage in the community, and enthusiasts will be able to interact with like-minded gamers. In addition, the smart contract was audited by SOLIDProof, and for community members who do not want to directly engage in battle, there is the possibility to spectate, place bets and earn that way.
$KANG has reached Stage 3 of its blockchain ICO, where the token is offered at a value of just $0.01125. While the cryptocurrency did increase by 125% and has already provided early investors with significant ROI, it also raised over $860,800 during the presale, and could soon break the $1,000,000 milestone. There's even a 10% bonus on any purchases for the $KANG crypto made during this stage, and following its official launch, analysts are predicting a 100x price increase. These aspects make $KANG one of the top DeFi coins to get into in 2024.
Fantom (FTM) is a leading smart-contract supporting blockchain that was built to address issues surrounding decentralization, security and even scalability. It's open-source and enables decentralized applications (dApps), alongside digital assets to be built on top of it.
Another stand out feature for the network is that it's directed acyclic graph (DAG)-based, and that it features the Lachesis consensus mechanism. This enables the network to issue tokenized digital currencies that function similarly to any coins or tokens built on the blockchain.
The FTM token has seen a remarkable level of growth, as it's up 127% during the past month. Moveor, its seen a 69% increase during the past week where it moved from $0.45 to $0.79. If it breaks past the $1 price barrier, it can reach new heights, and according to the Fantom price prediction, it can spike as much as $1.16 by the end of 2024.
Theta Network (THETA) is known for its usage of a decentralized P2P network that's powered by blockchain technology as a means of providing high-quality video streams with a reduced buffering time. Moreover, it is leading the next generation of media, AI and entertainment.
Its Web3 infrastructure is built to allow any existing video or media platform to drive the incremental revenues and even reduce content delivery costs. THETA can be staked by Validator or Guardian nodes, to produce blocks, and to participate in the protocol's governance.
During the previous week, the THETA crypto blew up by 57% and moved up from $1.80 to $3.19. Moreover, its up 207.3% during the past month, and at this rate, could reach new heights. According to the Theta Network DeFi coin price prediction, its poised to spike as high as $4.62 by Q4, 2024.
Avalanche (AVAX) is a platform for launching DeFi applications that also offers enterprise blockchain deployments. It gained a significant reputation by introducing an interoperable and highly scalable ecosystem. Moreover, it features AVAX, a native cryptocurrency used for P2P value transfer, staking and securing its network, payment for operations, and the creation of new blockchains and subnetworks.
Moreover, Avalanche exploded in value in the past year by 170.5%. During the past month alone its up 30%, and during the past week, the Avalanche price moved from $37 to $44. At this rate, it can reach new heights, as according to the price prediction, it can end 2024 at $67.77.
Chainlink (LINK) is also moving upwards and has showcased bullish momentum. Specifically, the Chainlink platform provides tamper-proof inputs and outputs of data for smart contracts. Moreover, anyone can get on-chain and off-chain data by connecting the smart contracts to various data sources and third-party APIs.
During the past year, the Chainlink value increased by 194.2%. Moreover, the Chainlink price is also up from $18 to $21 during the previous week, and could soon reach new heights. According to the Chainlink price prediction, it can end in 2024 at $32.04.
It's clear that each cryptocurrency brings something new and interesting to the Web3 space, and as a result of this, all of them have the potential to see significant growth during the upcoming trading sessions and in 2024 as a whole.
However, for those looking for the best DeFi coins to get into, Fantom (FTM), Theta Network (THETA) and KangaMoon (KANG) all represent massive opportunities.
While each project is unique in its own way, and has high growth opportunities based on the latest analyst projections, it's clear based on the overall momentum, appeal, demand and value-growth, that KangaMoon has the highest likelihood to become a leading player in the space.
As one of the new DeFi projects, its introduction of the community-driven approach, Social-Fi elements, and massive ecosystem are all indicative of a potential blue-chip project, or hidden gem that should not be missed. With the massive 100x growth prediction as-well, now is the best point in time to jump into the KangaMoon project and get the most significant ROI, as it experiences explosive growth during 2024 and beyond.
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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.
