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With Ethereum rising from under $3k to almost $4k in a week, the DeFi market is currently on a bounce with many DeFi tokens on the rise, according to the sponsored content poster. DeFi tokens joining the train of bullish activities are alleged KangaMoon, Chainlink, Avalanche, Fantom, and Lido DAO.
According to the content poster, this upward trajectory has just begun and the market will witness high volume volatility in the coming weeks. For investors looking to profit from the upcoming volatility, the above tokens represent the bet.
Will KangaMoon Price Get a Chance to List?
According to the sponsored content sender, in this decentralized cryptocurrency list, it is wondered whether KANG will be effective in the cryptocurrency market. Despite launching a few months ago, KangaMoon has outperformed many of its competitors as investor interest continues to grow. The platform currently claims to have a user base of over 32,000 with active owners approaching 10,000. It is uncertain whether it will be successful or not, there is a risk of investment loss.
Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
According to its team, the Project is alleged to have collected nearly $7 million in pre-sales, planning to close May with $8 million in pre-sales funds.
For playing games and completing social tasks, users earn 250 million in-game tokens set by KangaMoon, according to the team. After earning or purchasing tokens, users/investors can choose to stake their assets for specific days and earn multiple bonuses along the line. It is claimed that interest in KangaMoon is increasing rapidly as the platform gets closer to being listed on stock exchanges. Its future success is uncertain, there is a risk of investment loss.
Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
It is claimed that analysts for KANG, which is reportedly worth $ 0.025, have made it one of the DeFi projects. While there is no launch date yet, KangaMoon’s initial listing has allegedly been confirmed on BitMart, and other tier 1 CEX platforms will follow. The token now allegedly appears on Coingecko and CoinMarketCap.
Chainlink Price Gives Hints of Rise to $20
While the value of many digital assets increased during the week, Chainlink was one of the highest risers with a 21% increase. Over the past year, Chainlink has moved upwards by 150%. Not only is the price moving, but Chainlink’s other key metrics are also increasing exponentially. For example, Chainlink’s market cap is on the verge of reaching $10 billion thanks to newfound momentum.
Even though the token has fallen slightly in trading volume, Chainlink’s price is still firmly holding the $16 resistance trend line. Looking at Chainlink market indicators, it seems that Chainlink market sentiment is generally on the rise and the Fear and Greed Index value is 76 (Extreme Greed). Although token volatility remains high at 75%, the token may stabilize soon.
With the token breaching the $16 threshold last week, the coast looks clear for a major rally in the coming weeks. Although Chainlink coin may not reach its $52 price in 2021, there is optimism that major progress can be made in the next few months. As a result, analysts have made a bold Chainlink price prediction of $20 by the end of the month.
Avalanche Token Is Moving Upward
After an initial lull at $35, Avalanche made a comeback after breaking through $40. The token has been a huge success, rising 2% since the beginning of the month. The upward momentum became more visible last week, with the token rising by 16%. While Avalanche trading volume suffered, the token made a redemption in market value and eyed $16 billion.
With its broad ecosystem that includes GoGoPool, XANA, and WAGMI, Avalanche has established a number of partnerships in the DeFi market. As for the price, the recent bullish rally has seen some of the long-term holders of the Avalanche come back. The next few weeks will show AVAX’s true potential as the token turns the $40 threshold into a support zone.
Looking at Avalanche market indicators, it appears that the token is in the hands of the bulls. The token could be poised for a major rally in the bull run by trading above the 50- and 200-day moving averages. However, trading charts also reveal that the token is overbought, indicating the potential for a price reversal. With the bull run starting soon, Avalanche’s price may rise to $50.
Phantom Price Increased 22% in 7 Days
Another DeFi coin that investors should explore for potential investment is Fantom. As a Layer 1 blockchain with a high stake in decentralized finance, Fantom has performed reliably since its launch in 2019, with an all-time high of $3.48 coming in the 2021 bull run. With the general market downturn in recent months, the Fantom token has not been able to cross the key threshold of $1.
However, newfound market momentum has pushed Fantom’s price higher, with the token gaining 22% in the last 7 days. In response, Fantom’s market cap is falling and cannot rise above $3 billion. A closer look at Fantom’s market outlook reveals interesting scenarios. While the token has an Extreme Greed of 76, FTM has an extremely low green day rate of 43% in the last 30 days.
Market sentiment tends to be neutral but bulls are making efforts to push the token price higher. However, Fantom could benefit from the upcoming Ethereum ETF approval, currently at around 75% probability. If this confirmation is given, the market could experience a major spark with the rise of Fantom. Therefore, analysts are predicting a climb above $1 this quarter.
Lido DAO Coin is Set for a Big Rise
Over the past week, Lido DAO has experienced significant gains as the market rebounded. Although the Lido DAO ecosystem experienced a scare with one of its node operators, the platform quickly took action to resolve the issue. Lido DAO experienced an incredible 26% move last week as the token rose above $2.
Despite this positive momentum, Lido DAO coin has failed to surpass $2 billion in market capitalization. Therefore, Lido DAO market momentum stalled while the token was in a downtrend. However, Lido DAO has seen 16 (53%) green days in the last 30 days, indicating that the token is still gaining traction. With the bull run on the horizon, Lido DAO is one of the top DeFi cryptos with tremendous growth potential.
Conclusion
As the market is steadily moving towards a bull run, this is the best time for investors to accumulate premium tokens, according to the sponsored content poster. Investors can gain a significant boost to their purse by investing in quality tokens with strong fundamentals and high growth potential. However, investors should learn to do their due diligence before deciding on any token. This is necessary to avoid investment loss.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
