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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 revival in DeFi. As a result, many analysts and traders are speculating on which altcoins may perform the best in the coming trading sessions.
As a result, those who want to join the DeFi market before it experiences a value explosion and rally will examine some DeFi coins. Fantom (FTM), Theta Network (THETA) and KangaMoon (KANG), whose future is uncertain, will be effective or will they be a disappointment.
KangaMoon (KANG) Best DeFi Token
According to the sponsored content submitter, KangaMoon (KANG) will be able to completely change the landscape with its innovative approach of implementing community-oriented decisions fed by Social-Fi elements and it is unknown whether it will compete with established projects in the industry such as Dogecoin and Shiba Inu or will it fail.
According to the content poster, the KangaMoon platform is built on the Ethereum network and its token follows the ERC20 token standard. What makes it truly unique though is that each user can be rewarded for the time they spend on the platform. This is directly based on its overall activities. For example, they can share tweets, comments, and even take in-game actions. In addition, any user will be able to compete in weekly, monthly and quarterly challenges to receive additional rewards. It is not certain, it may fail.
Thanks to KangaMoon, everyone will be able to earn while participating in the community, and enthusiasts will be able to interact with like-minded players. In addition, the smart contract has been audited by SOLIDProof, and it is reported that community members who do not want to directly participate in the battle may have the opportunity to watch, bet and win in this way. Be careful, there is risk.
According to the sponsored content poster, $KANG has reached Phase 3 of its blockchain ICO, where the token is offered at a value of just $0.01125. While the cryptocurrency has surged by 125% and provided early investors with a significant return on investment, it raised over $860,800 during the presale and may surpass the $1,000,000 milestone soon. But it is unknown whether its future will be successful or unsuccessful.
Fantom (FTM) and Its Massive Growth Through 2024
Fantom (FTM) is a leading blockchain supporting smart contracts, built to address issues related to decentralization, security, and even scalability. It is open source and allows it to be built on top of digital assets as well as decentralized applications (dApps).
Another prominent feature of the network is that it is based on a directed acyclic graph (DAG) and has a Lachesis consensus mechanism. This allows the network to issue tokenized digital currencies that function similarly to any token or token built on the blockchain.
The FTM token has shown significant growth, rising 127% in the past month. Moveor has gained 69% over the past week, rising from $0.45 to $0.79. If it breaks the $1 price barrier, it could reach new highs and rise as high as $1.16 by the end of 2024, according to Fantom price forecast.
Theta Network (THETA) Future Price Potential
Theta Network (THETA) is known for using a decentralized P2P network powered by blockchain technology as a way to deliver high-quality video streams with low buffering time. Moreover, it is pioneering the next generation of media, artificial intelligence and entertainment.
The Web3 infrastructure is built to allow any existing video or media platform to increase incremental revenues and even reduce content distribution costs. THETA can be staked by Validator or Guardian nodes to generate blocks and participate in the governance of the protocol.
Over the previous week, THETA crypto rose by 57% from $1.80 to $3.19. Moreover, it is up 207.3% in the past month and could quickly reach new highs. According to Theta Network DeFi coin price prediction, it is preparing to rise up to $4.62 by the 4th quarter of 2024.
Avalanche (AVAX) DeFi Coin Soars Over 170%
Avalanche (AVAX) is a platform for launching DeFi applications that also offers enterprise blockchain deployments. It has gained a significant reputation for providing an interoperable and highly scalable ecosystem. It also has AVAX, a native cryptocurrency used for P2P value transfer, staking and securing its network, payment for transactions, and the creation of new blockchains and subnets.
Moreover, Avalanche has exploded in value by 170.5% in the past year. It’s up 30% in the past month alone, and last week the Avalanche price rose from $37 to $44. This could quickly reach new highs, as the price could end 2024 at $67.77, according to its forecast.
Chainlink (LINK) DeFi Token Increased by 194%
Chainlink (LINK) is also moving upwards and exhibiting bullish momentum. In particular, the Chainlink platform provides tamper-proof data input and output for smart contracts. Moreover, by connecting smart contracts to various data sources and third-party APIs, anyone can obtain on-chain and off-chain data.
Over the past year, Chainlink value has increased by 194.2%. Moreover, Chainlink price also rose from $18 to $21 in the previous week and may reach new highs soon. According to Chainlink price prediction, it may end at $32.04 in 2024.
Summary
It is clear that each coin brings something new and interesting to the Web3 space, and as a result, they all have the potential to see significant growth during the coming trading sessions and into 2024 as a whole.
However, for those looking for DeFi coins to enter, Fantom (FTM), Theta Network (THETA) are claimed to be successful. The future of the KangaMoon project is also wondered.
While each project is unique in itself and has high growth opportunities according to the latest analyst estimates, it is not certain that it is likely to experience an increase based on overall momentum, attractiveness, demand and value growth, according to KangaMoon’s team.
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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!
