These DeFi Projects Are Set To Soar As Hong Kong Joins Global Crypto ETF Run

The post These DeFi Projects Are Set To Soar As Hong Kong Joins Global Crypto ETF Run appeared first on Coinpedia Fintech News

The DeFi market has seen several changes and updates in recent times causing it to expand as a whole. While DeFi tokens make up a significant part of the cryptocurrency market, they are also highly affected by the volatile and unpredictable nature of the market. This points to the fact that changes and new announcements can also affect the price movement of most tokens.

Recently, Hong Kong launched its first spot trading cryptocurrency exchange, a move in tally with Hong Kong’s intention to be a cryptocurrency hub and dominate the growing cryptocurrency market. With Hong Kong’s new crypto exchange, the prices of tokens, especially DeFi projects,  are set to soar sooner or later. 

Meanwhile, DeFi projects like Solana (SOL), Ethereum (ETH), Monero (XMR), and Celestia (TIA) already possess the potential to soar and with the new announcement, these tokens are almost certain to soar in the coming months. In the same vein, a new cryptocurrency on the block, KangaMoon (KANG) has recorded over $5.9M in presale, while rewarding its early buyers with insane returns on investment. 

KangaMoon (KANG) Rewards Early Investors, Announces Strategic Partnership

With the meme coin industry on the rise, the entrance of KangaMoon (KANG) into the industry couldn’t have come at a better time. Boasting unique features and an impressive use case, KangaMoon has surpassed expectations, giving its users a blend of both GameFi and SocialFi elements. Aside from this, KangaMoon, currently in its fifth presale phase has delivered early buyers with an outstanding profit margin that has drawn enormous attention across the crypto market. 

By leveraging a unique Play-to-Earn structure, KangaMoon introduces an immersive gaming paradise dubbed “Kangaverse” where users can have fun and earn while at it. In addition to participating in battle-themed contests, users can also partake in special giveaways or activities to earn rewards. These rewards which come in the form of KANG tokens and other valuable in-game collectibles can be traded on a dedicated marketplace.

Besides, users can also earn free KANG tokens by engaging and sharing posts on the token’s social media platform. This community-centric approach has contributed significantly to KangaMoon’s rapidly growing community which consists of over 20,000 registered members, including 6,000 plus token holders. Meanwhile, KangaMoon’s recent partnership with RaidSharkBot, an engagement bot, underscores its dedication to expanding its community engagement.

In the fifth presale stage, the price of the native KANG token soared from an initial price of $0.005 to $0.0196, providing early buyers with up to 290% in profits. This price surge has equally pushed the total presale revenue beyond $6M with the expectation to hit $7M before the end of the campaign. Given its impressive run and an anticipated listing on top-tier exchanges later this Q2, market analysts project the token to soar over 2000x before the end of the year.

Ethereum (ETH) Continues To Win Trader’s Hearts With Reliable Scaling Solutions

One of the forerunners of the cryptocurrency industry, Ethereum (ETH) has dominated the market since its launch in 2015. Since its establishment, Ethereum has been the first choice for users in terms of scalability, transparency, and speed of transactions. 

While the ETH token has witnessed a significant rise in value, reaching 55% year-to-date, it has subsequently succumbed to the ever-volatile crypto market. ETH price has recorded a downward plunge, reaching 15% in the last month and a little above 7% in the past week. 

Regardless, the Ethereum network has witnessed a significant rise in its trading volume, highlighting the ever-increasing adoption and purchase of the token. Currently trading at a weekly price range between $3,230 and $3,243, Ethereum boasts a market cap of over $364B, proving its mettle as one of the prominent DeFi projects in the crypto market 

Solana (SOL) Sees Massive Adoption Despite Bearish Movements

Solana’s meteoric rise in the last year has been immense, with the token recording a surge of over 430% in the last year. Since then Solana (SOL) has recorded various milestones, including the launch of various successful meme tokens on its blockchain. 

Although the bear market has taken its toll on Solana, with the SOL token recording a plunge of over 36% in the last month and 20% in the last seven days. Currently trading within a weekly price range between $124.0 and $159.8, analysts believe that the SOL token’s recent downtrend suggests an incoming bullish wave in the coming months. 

Aside from this, the Solana network has witnessed an influx of buyers in recent days, with the SOL token’s trading volume rising above expectations. Furthermore, with the continuous rise of meme tokens on its blockchain, the Solana network is set to see an expansion in the coming months, thus making it one of the top DeFi tokens to buy.

Celestia (TIA) Suffers Bearish Trend Despite 360% Surge Last Year

After recording an insane surge of over 360% in the last year, Celestia (TIA) has attracted a large number of traders and crypto enthusiasts to its network. However, with the bearish sentiments settling in, the token has plunged by 36% in the last month and about 19% in the last seven days. 

Regardless, the native TIA token has seen a considerable rise in its trading volume, highlighting the increased trader interest in the token. Currently trading at a weekly price range between $8.99 to $11.56, analysts are projecting Celestia price trajectory to imitate its previous market movement to become one of the top DeFi tokens in the market.

Analysts Project Incoming Recovery For Monero (XMR) 

Possessing one of the most unique features in the DeFi market, Monero has been a top choice for users in terms of privacy and anonymity. With its privacy-centered approach, Monero Network allows its users to execute transactions securely and anonymously, thereby creating a safe and transparent trading environment. 

Since the start of the year, Monero token has exhibited bearish tendencies, the latest being its 7% plunge in the last month and 2% decline in the last week. While analysts are touting the token for recovery due to its appeal in the DeFi market, its current market sentiment also suggests that the XMR token will make a recovery soon. 

With DeFi Projects On The Rise, What’s Next For KangaMoon (KANG)?

While DeFi projects might be on the rise in the coming months, KangaMoon has already showcased its dominance in the meme coin market and cryptocurrency world as a whole. With its unique features and amazing benefits, the token is set to see an influx of traders and crypto enthusiasts into this network which would drive up the trading volume and influence the price positively. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

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