Category: Forex News

Discover the Best DeFi Coins to Watch Ahead of Ethereum ETF Approval for 5,000% Gains (For the Month of March)

Making crypto investments usually involves a high level of understanding of market movements and overall industry dynamics.

Keeping up with trends is also essential, and by staying current, investors and traders can gain a significant advantage when making diversification decisions.

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Standard Chartered recently predicted that if the Ethereum ETF is approved, it could be a pivotal moment in the industry, leading to an overall increase in the market and a major catalyst for the rise in the value of cryptocurrencies.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

As a result, these five DeFi coins may have the highest potential to redefine the future of blockchain technology. With their innovations and innovative features, they can thrive in the Web3 space, and today we will look at how everyone can diversify their portfolio to compete for up to 5,000% profit.

In this article, you will be able to read KangaMoon (KANG), Toncoin (TON), Kaspa (KAS), Maker (MKR) and Conflux (CFX).

5 Top DeFi Coins to Watch Now in 2024 Ahead of Ethreum ETH Approval

Here is the list of the top five DeFi coins you should not miss in 2024 to fight for the highest returns:

  1. KangaMoon (KANG)
  2. Toncoin (TON)
  3. Kaspa (KAS)
  4. Maker (MKR)
  5. Conflux (CFX)

Today we’re going to take a look at these top five DeFi coins with a much deeper look into their data, technology and charting fundamentals to see what returns investors can expect in 2024 and beyond, especially after the approval of the Ethereum ETF.

KangaMoon (KANG)

KangaMoon (KANG) already dominates the charts, but is also about to experience an explosive level of growth as it sees increased interest from traders. The platform is built on the Ethereum mainnet and follows the ERC20 token standard. Already during its blockchain ICO, it has managed to gain a significant level of attention fueled by its Social-Fi elements and community-driven approach combined with Play-to-Earn (P2E) features. Players can connect globally and challenge each other in battles and tournaments to test their skills and receive rewards. These aspects position KANG as the best DeFi cryptocurrency.

Another key feature behind KangaMoon that has helped it stand out is its unique integration of NFTs, which players can earn by completing quests or battling other players, or even participating in community events. Additionally, everyone can even access a dedicated marketplace where they can buy, sell, or even trade in-game items, characters, and rare digital collectibles. The overall gaming experience is improved, and this can contribute to the creation of a virtual economy that is dynamic and where everyone can profit from their time. So far, the cryptocurrency has risen from $0.005 to $0.014, a 180% increase in price, and has raised over $2.6 million. It is on track to raise over $3 million and analysts say it could experience a 100X increase in price.

Toncoin (TON)

Toncoin (TON) is the native cryptocurrency behind The Open Network and is used for network operations, transactions, games or even collectibles that are built on top of it. Recently, it has experienced a serious upward price trend, having grown by 105% in the last month alone. Moreover, in the previous week, the cryptocurrency increased its value by 41%
According to the chart data, it has moved from a low of $3.38 to $5.31 at the time of writing and at this rate it could reach new highs. According to the coin’s price forecast, it may end 2024 at the level of $6.42.

Kaspa (KAS)

Kaspa (KAS) is an innovative blockchain project that combines Proof-of-Work (PoW) security with high block speed and minimal confirmation time. It also has a unique ecosystem that focuses on scalability and has become one of the major players in Web3.

Only in the last year the price of Kaspa has increased raised by 770%. Moreover, in the past week, the cryptocurrency has risen by 15%, moving from a low of $0.11 to $0.156. At the end of 2024, according to the Kaspa price forecast, it may reach $0.2152.

Maker (MKR)

Maker (MKR) is an ERC20 token that was born for its Maker Protocol, which is a DeFi project allowing users to use assets to generate Dai. It is a community managed decentralized cryptocurrency that reflects the price of USD.

Additionally, Maker’s price has risen 350% in the past year and is up 15% in the past week. At this rate, according to Maker’s price forecast, it could end 2024 at $4,659.

Conflux (CFX)

Conflux (CFX) is a first-layer blockchain that connects decentralized economies across borders and different protocols. It is migrating to a hybrid approach that uses PoW and PoS as its consensus and can offer fast, secure and scalable transactions.

What’s more, in the last 30 days the price of Conflux jump by 100%, and in the last week it also rose by 39%. At this rate, according to Conflux’s price forecast, it could end 2024 at $0.5541.

Final Thoughts on Top DeFi Coins to Buy in 2024 –

It is clear that ETF Ethereum approval could impact the wider Web3 space and as a result many DeFi coins could be directly affected. There are many projects, but according to some analysts, KangaMoon (KANG), Toncoin (TON), Kaspa (KAS), Maker (MKR) and Conflux (CFX) could provide significant profits.

From the curated list, KANG in particular stands out as a potential DeFi cryptocurrency and a promising project as it is in its crypto ICO and could jump 100X after its launch, leading to huge ROI. There is no risk-free investment and as a result it is important to maintain a diversified portfolio for the best possible outlook.

Discover the exciting opportunities of the KangaMoon (KANG) Presale today!
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This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

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