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Trading volume in the crypto space recently increased by 48%, indicating a significant increase in interest from traders and investors. This shows that even during periods of great volatility, the sector has managed to maintain its growth potential and may soon reach new heights. This has sparked a significant level of interest in Decentralized Finance (DeFi) coins, or cryptocurrencies in this category in particular.
The DeFi crypto market cap alone has increased by 41% in the past week, and if it continues at this rate, it could grow significantly, surpassing its current value of $116.57 billion. This upcoming phase in the crypto space could significantly shape the future of DeFi.
KangaMoon (KANG) Presale: Will It Succeed or Disappoint?
KangaMoon (KANG), whose future is uncertain, is seeing an exponential level of growth during this time, according to the sponsored content poster, as tokens in the pre-sale phase typically have a planned price that results in predictability. The project is new and its future is uncertain, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
According to the content submitter, the initial value of the KangaMoon presale was $0.005, but it has since reached $0.01125. What’s more, the presale has raised over $1,000,000 so far and is on track to hit $1.5 million this week and $2 million by the end of March. It is a project with an uncertain future, it carries risks, do your detailed research before taking any action!
According to the sponsored content submitter, the platform has attracted great attention due to its community-focused approach and unique integration of Social-Fi elements. It is claimed that even during the pre-sale, anyone can win and they can do this by sharing the posts, tweeting or commenting, it is not certain. They are rewarded with KANG tokens. Additionally, the ecosystem will have a merchant store and non-fungible tokens (NFTs). It is claimed that if the project team remains loyal and they can establish themselves in the stock markets, there is a possibility of promotion.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
THORChain (RUNE) Rises 693% and May Lead the Market
THORChain (RUNE) has made notable gains recently, indicating more bullish sentiment about its future. Over the past year alone, RUNE crypto has increased by 693%, with 82% of this growth occurring 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 mean it can sustain this growth, as a drop below $9 could lead to further declines. Still, the current sentiment is bullish and THORChain has the potential to reach new highs in 2024.
Theta Network (THETA) Rises 245% After Experiencing Bullish Fluctuation
Theta Network (THETA) also witnessed an uptrend on the charts as it gained 245% on a monthly basis. Trader speculation is currently huge on its future as it is closer than ever to achieving greater profits and leading the future of top DeFi coins. On a weekly level, Theta Network price is up 52% and now it must break the $4 price barrier to reach new highs. While Theta Network is a leader in its field, it is still important to pay attention to its historical volatility and price fluctuations before jumping into it.
Chart (GRT) Will Rise During Upcoming Rally and Go Above $0.50
The chart (GRT) has also displayed positive momentum recently, but is not immune to potential short-term pullbacks. It is important to observe that the chart crypto has made significant gains of 297% year-to-date (YTD) and 166% in the past month alone. However, this trend must continue. The crypto space exhibited a low level of interest during this rise, but the crypto broke above the $0.45 price barrier. Now, the Chart price needs to break through $0.50 to regain interest.
Maker (MKR) Up 300% and Green on All Charts
Maker (MKR) has shown growth both in the long term and in the long term. Notably, the price of MKR crypto has increased by 300% in the past year and by 25% in the past week. With the competition in the market currently, Maker traders are still optimistic about its future as the data on the chart is green and the RSI and MACD data are in the green zone. This could be a game changer for many people jumping into Maker right now, and as a result, it’s one of the best DeFi projects to jump into.
Fantom (FTM) Shows Impressive Market Performance and More Than Doubled in Value
Fantom (FTM) initially attracted attention when its value more than doubled last month, a 112% increase. Notably, Fantom crypto is currently trading above the $0.80 range and appeals to developers with its smart contract-enabled blockchain. A growth in its ecosystem can yield much more significant gains, and for these reasons, many people are jumping on the Fantom DeFi project.
Aave (AAVE) Massive Optimism That Could Lead to More Growth
Aave (AAVE) has gained a lot of attention as a decentralized crypto lending platform, especially in its early days. However, its growth has not stopped, as Aave price has increased by 108% in the past year. On a weekly basis, the crypto’s value has increased by 21% and may soon experience even more growth. Even though the market is volatile and nothing is certain, Aave optimism is high and it can continue to lead growth and become one of the top DeFi projects.
Internet Computer (ICP) Growth Boosts Investor Confidence Despite Risks
Internet Computer (ICP) is a permissionless and stake-based governance system and a popular blockchain-based protocol that has gained 208% in value in the past year. If Internet Computer continues with this tremendous level of growth, more gains could be on the horizon and it could break the major price barrier of $15. Moreover, it is important to be mindful of potential impacts that Internet Computer may experience. Its value has historically been volatile, and falling below $10 could create difficult conditions for traders. Still, based on current Internet Computer price performance, its price is extremely dominant on the charts.
Conclusion
While THORChain, Theta Network, The Graph, Maker, Fantom Aave and Internet Computer have significant growth potential and are among the top DeFi coins, it remains to be seen whether KangaMoon’s future will be successful or disappointing. KANG, which has attracted great attention with its recent growth and is currently in Phase 3 of its blockchain ICO, is also claimed to have a community-oriented and innovative approach that is likely to appeal to enthusiasts in the industry on a global scale. It is not certain, there is a risk.
Click to review KangaMoon Token official site.
*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 making any transaction!
