DeFi
Anthony Scaramucci Says Bitcoin Adoption Is Just Beginning, Will These Challenge Coins Follow?
Anthony Scaramucci, founder and managing partner of SkyBridge Capital and a prominent supporter of the Bitcoin cryptocurrency, recently discussed the flagship crypto and the latest news regarding US pension funds starting to buy it.
Scaramucci noted how much institutional adoption of BTC is happening now and that he expects more pension funds to start going after BTC after the recent news that the Wisconsin pension fund and the State of Wisconsin Investment Board are investing $100 million in crypto. “It pays to be early in Bitcoin,” Scaramucci said.
As a result, sentiment is now bullish not only for crypto BTC but also for altcoins. Read on to know the recent price performance behind KangaMoon (KANG), Chainlink (LINK), Uniswap (UNI), The Graph (GRT), and THORChain (RUNE) to see why they are some of the best DeFi cryptos to get in 2024.
Deep dive into the top 5 challenge cryptocurrencies that can see significant growth in 2024
Dive into each of these DeFi coins to see exactly which one can provide massive returns for traders in 2024 and beyond, alongside Bitcoin’s market dominance.
KangaMoon to Redefine Meme Coins by Introducing P2E and Social-Fi Elements
KangaMoon (KANG) is carving out a unique niche in the crypto market by challenging the traditional perception of meme coins by introducing Social-Fi, Play-to-Earn (P2E), and DeFi functionality with true token utility. So far, the presale has resulted in a 400% price increase and a user base that exceeds 20,000, meaning the project has major interest beyond just hype. The current pre-sale, exceeding $6.8 million, and expected to reach $8 million by the end of the month, further highlights the major momentum and appeal of this project. This strong investor demand positions KANG as an interesting diversification opportunity.
KANG aspires to be more than just a coin. The project is integrating its token as an in-game currency for the upcoming P2E title, which can provide it with many more use cases. KangaMoon also unveiled a new Social-Fi model, which encourages engagement on social media. The most active participants on social networks receive free KANG tokens as a reward.
The current price rise from $0.005 to $0.025 also reflects growing adoption, and BitMart’s upcoming listing also presents another potential catalyst for its growth. Analysts are now predicting a 100x price explosion following its launch and future stock listings, making its current pre-sale bonus stage the last opportunity for traders to acquire KANG at a discount.
Chainlink price soars 151% since the start of the year: can it reach $20 in 2024?
The Chainlink (LINK) team recently shared the results of the new Smart NAV industrial pilot project between DTCC, the first post-trade market infrastructure. In this pilot, Chainlink and ten other global financial institutions provided key data on the mutual fund chain.
Chainlink crypto could be affected as they have worked together to assess the feasibility and industrial value of providing a DLT-based price alongside the price diffusion solution which will enable new benefits and support future experimentation in the field of asset management. Over the past year, Chainlink’s price has increased by 151%, and at this rate, it is poised for future growth, especially once cryptos like BTC gain more mainstream adoption. According to the Chainlink price prediction, it could end in 2024 at $20.
Uniswap crypto to rise above $10 following latest mobile app feature
Uniswap (UNI) recently released an update that allows anyone to transfer cryptocurrencies directly from a centralized exchange (CEX) to a Uniswap mobile app. As a result, users will no longer need to copy and paste or send funds to the wrong address. Based on chart data, this has had a positive impact on the Uniswap crypto.
Uniswap price is up 43.7% year-to-date (YTD), and at this rate, traders could soon see higher gains, especially with the increased use case of the ‘mobile app. According to Uniswap’s price prediction, it could end 2024 at $10.60.
Graph price increases following successful Sunrise upgrade program
The Graph (GRT) recently completed the first wave of the Sunrise upgrade program and began the second wave missions. This is an incentive to expand its ecosystem, which can increase the use cases of The Graph crypto.
So far, the Sunrise program has accelerated the ecosystem, with over 1,051 subcharts updated since March 14, 2024. Based on The Graph price predictions, it can end 2024 at 0.3248 $.
THORChain Crypto Grows as Ecosystem Volume Peaks with THORSwap and ShapeShift
THORChain (RUNE) has seen a major increase in activity on the charts following the latest developments in the ecosystem. Specifically, THORSwap and ShapeShift have become two of the leading lending platforms in addition to its ecosystem and as a result, THORChain crypto has been used much more.
THORSwap achieved the highest total collateral volume among affiliates at $143.17 million, and ShapeShift led with an average collateral size of $52,500. As a result, the price of THORChain has also been positively affected, and it is up 503.5% year-to-date (YTD). According to THORChain price prediction, the crypto can end 2024 at $6.88, making it a strong DeFi crypto.
Diversify with the top 5 DeFi cryptos for a good ROI
It is clear that DeFi coins have seen significant usage recently, and institutional adoption of Bitcoin is also increasing. Due to these factors, cryptocurrencies such as Chainlink, Uniswap, The Graph, and THORChain have the potential to reach new highs and offer traders high returns.
Despite all this, KangaMoon saw the most short-term growth at 400%. With its BitMart listing and future CEX listings, it can attract many more people and grow quickly. These aspects position it as one of the best DeFi projects to get into.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://kangamoon.com/
Join the Telegram community: https://t.me/kangamoonofficial
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