DeFi
Top 3 DeFi Cryptocurrencies Expected to See Massive Surge in 2024
According to CoinMarketCap, the DeFi market represents about 100 billion dollars of the entire cryptocurrency market, reflecting their growing popularity. Even though there has been a bearish correction in the past few weeks, some DeFi coins still have surprises in store. Although currently bearish, DeFi coins like Neo Coin and Stepn are expected to see a surge soon. Another token making waves is KangaMoon, which has surpassed many DeFi projects in terms of popularity and growth potential. Let’s take a look.
KangaMoon Maintains Its Position as One of the Top DeFi Coins
Alongside Neo Coin and Stepn, KangaMoon is another DeFi crypto that could soon reach its zenith. The new project builds on the popular features of the GameFi and SocialFi models, allowing users to earn separately from both worlds. With the combination of these two features, KangaMoon has become popular among users and investors alike.
During the presale, KangaMoon gave away around 250 million of its native tokens for free as in-game and social media rewards to users. With this move, the platform saw an influx of investors with around $8 million in presale funding raised. The platform also attracted a user base of over 32,000 participants and 10,000 holders. Apart from its features, KangaMoon is also popularized for its skyrocketing ROI.
Early investors have earned a massive 400% return on investment, with the token’s price rising from $0.005 to $0.025. While KangaMoon can appreciate this in the pre-sale, analysts believe that the token can still deliver a better return on investment. This is why new investors are rushing to buy the token even after the pre-sale ends. Its growing popularity has also earned it listings on Coingecko and CoinMarketCap to give it more exposure.
Now, on BitMart and Uniswap exchanges, interested investors can buy KangaMoon for $0.09. KangaMoon’s staking system is one of the best in the DeFi market, making it one of the leading DeFi cryptocurrencies. With its commitment to fostering community development, analysts predict that KangaMoon can reach $1 in 2024, which will be a huge profit for those who invest now.
Can Stepn reach $0.5 this year?
Stepn is another DeFi cryptocurrency that is expected to see a strong surge this year. While the Stepn token is currently in a downtrend with a 32% drop in the last month and a 5% drop in the last week, analysts believe that the Stepn coin’s strong characteristics and sector-focused approach could allow it to make a bullish challenge soon.
According to the trading chart, Stepn’s market cap has yet to reach $1 billion, making it the perfect token to buy for profit. With key indicators such as Simple Moving Averages and Moving Average Convergence Divergence showing signs of a bullish recovery, Stepn’s price could surge to $0.5 this year.
Neo Coin targets next breakout to $15
Neo Coin has seen a 20% rise over the past year but has fallen 21% over the past month as bearish sentiments have intensified. Even though Neo Coin’s market cap and trading volume are currently bullish, the token is still struggling to break above the $12 resistance zone.
Analysts have observed that if the Neo Coin price sees an uptick and goes above $12, it could be a perfect opportunity to see a breakout to the $15 level. Although this may be difficult with the current state of Neo Coin, the arrival of the bullish cycle may allow the token to reach the breakout.
KangaMoon offers the best hope of profit
Looking at Stepn and Neo Coin, one might think that these are promising tokens. However, they are likely to be hampered by the market cap that is close to $1 billion. KangaMoon has just started its life with only $100 million in market cap, which indicates that the token could grow 10x without any problem. As such, investors should explore the fundamentals of the token and invest appropriately.
Website: https://Kangamoon.com/
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Disclaimer: Analytics Insight does not provide financial advice. Also note that the cryptocurrencies mentioned/listed on the website may potentially be scams, i.e. designed to trick you into investing financial resources that may be lost forever and not recoverable once the investments are made. You are responsible for conducting your own research (DYOR) before making any investment. Read more here.