Anthony Scaramucci says bitcoin adoption is just getting started, will these defi coins follow? KangaMoon challenges meme coin perception with P2E and Social-Fi features, while Chainlink, Uniswap, The Graph, and THORChain show potential for growth in the DeFi market. KangaMoon's ongoing presale, BitMart listing, and unique features position it as a top DeFi project
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 surrounding the United States pension funds starting to buy it.Scaramucci noted how a lot of institutional BTC adoption is happening right now and that he expects more pension funds to start going after BTC after the recent news of the Wisconsin pension fund and the State of Wisconsin Investment Board investing $100 million in crypto. “It pays to be early in Bitcoin,” claimed Scaramucci.
As a result, sentiment is now bullish not only for BTC crypto 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 the few of the top DeFi cryptos to get in 2024.
Taking a deep dive into the top 5 defi cryptos that can experience major growth in 2024
Delve into each one of these DeFi coins to see exactly which one can provide massive returns for traders in 2024 and beyond, in parallel to Bitcoin’s dominance over the market.
KangaMoon to redefine meme coins by introducing P2E, and Social-Fi elements
KangaMoon (KANG) is carving a unique niche within the crypto market by challenging the traditional perception of meme coins by introducing Social-Fi, Play-to-Earn (P2E), and DeFi features with real token utility. So far, the presale has resulted in a 400% price increase and a user base that exceeds 20,000, which signifies the project has a major interest that transcends mere hype. The ongoing presale, exceeding $6.8 million, with projections of it reaching $8 million by the end of the month, further underscores the major momentum and appeal of this project. This robust investor demand positions KANG as a compelling diversification opportunity.
KANG aspires to be more than just another meme coin. The project integrates its token as the in-game currency for the upcoming P2E title, which can provide it with far more use cases. KangaMoon also unveiled a novel Social-Fi model, which incentivises social media engagement. The most active social media participants are distributed free KANG tokens as rewards.
The current price surge from $0.005 to $0.025 also reflects the growing adoption, and the upcoming BitMart listing also presents another potential catalyst for its growth. Analysts now project a 100x price explosion following its launch and future exchange listings, making its current, final bonus stage of the presale the last opportunity for traders to grab KANG at a discount.
Chainlink price climbs 151% YTD: Can it reach $20 in 2024?
Chainlink (LINK)’s team recently shared the results of the new Smart NAV industry pilot between DTCC, the premier post-trade market infrastructure. In this pilot, Chainlink and ten other of the world’s financial institutions delivered key mutual fund on-chain data.
The Chainlink crypto could be affected because it worked together to evaluate the feasibility and industry value of delivering a DLT-based price alongside the rate dissemination solution that will enable new benefits and support future experimentation in the asset management space. During the past year, the Chainlink price has gone up 151%, and at this rate, it is poised to see future growth, especially once cryptos like BTC see more mainstream adoption. According to the Chainlink price prediction, it can end in 2024 at $20.
Uniswap crypto to move above $10 following the latest mobile application feature
Uniswap (UNI) recently released an update that enabled anyone to transfer crypto directly from a centralised exchange (CEX) to a Uniswap mobile application. As a result, users will no longer need to copy and paste or send funds to the wrong address. Based on the on-chart data, this positively affected the Uniswap crypto.
The Uniswap price is up 43.7% year-to-date (YTD), and at this rate, traders could soon see higher gains, especially with the heightened use case of the Mobile Application. According to the Uniswap price prediction, it can end 2024 at $10.60.
The Graph Price surges following the success of the Sunrise Upgrade Programme
The Graph (GRT) recently finished Wave 1 of the Sunrise Upgrade Programme and began the Wave 2 missions. This is an incentive to expand its ecosystem, which can increase The Graph crypto’s use cases.
So far, the Sunrise programme has accelerated the ecosystem, with over 1,051 subgraphs updated since March 14, 2024. Based on The Graph price prediction, it can end 2024 at $0.3248.
THORChain Crypto rises as ecosystem volume peaks with THORSwap and ShapeShift
THORChain (RUNE) has seen a major increase in on-chart activity following the latest ecosystem developments. Specifically, THORSwap and ShapeShift became two of the leading platforms for lending on top of its ecosystem, and as a result, the THORChain crypto has seen far more usage.
THORSwap achieved the highest total collateral volume among affiliates, at $143.17 million, and ShapeShift led an average collateral size of $52.500. As a result, the THORChain price was also positively affected, and it's up 503.5% year-to-date (YTD). According to the THORChain price prediction, the crypto can end 2024 at $6.88, making it a solid DeFi crypto.
Diversifying with the top 5 DeFi cryptos for good ROI
It's clear that DeFi coins are seeing major usage as of recently, and the institutional Bitcoin adoption is on the rise as well. Due to these factors, cryptocurrencies such as Chainlink, Uniswap, The Graph and THORChain have the potential to reach new heights and provide traders with high returns.
Despite all of that, KangaMoon has seen the most short-term growth at 400%. With its BitMart listing and future CEX listings, it can appeal to far more people and grow rapidly. These aspects position it as one of the top DeFi projects to get into.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://kangamoon.com/
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This story originally appeared on: India Times - Author:Faqs of Insurances
