In the current DeFi market, a few coins come out to play. Hedera (HBAR), Injective (INJ), and KangaMoon (KANG) are making headlines. While HBAR and INJ are already established altcoins, KANG is a Stage 1 presale star. However, many experts hint that this rookie may evolve into the next 100x meme coin in 2024. Keep reading and find out why.
What you'll learn 👉
Hedera (HBAR): New Partnership With The Ministry of Investment of Saudi Arabia
Recently, Hedera (HBAR) has seen some exciting developments. Notably, the Hashgraph Association announced it will partner strategically with the Ministry of Investment of Saudi Arabia (MISA). The duo is to create a $250M deep-tech venture studio based in Riyadh. The studio will span over five years.
This significant development may cause interest in the Hedera crypto to grow again. In terms of the Hedera Hashgraph value movement, it has pumped from $0.069 to $0.077 in the past week alone. Its market cap also grew from $2.33B to $2.61B during that time.
But, this Hedera news is not the only positive part. Its technical analysis also shows bullish signals, as 26 indicators show green. Therefore, market analysts predict this altcoin may hit $0.10 within Q2 of 2024.
Injective (INJ): Hex Trust Becomes a New Validator
Meanwhile, Injective (INJ) has also made headlines. For instance, Injective recently announced that Hex Trust has joined this DeFi project as a validator. This is a great development as it shows the level of attention that Injective is gaining.
This Injective news may cause a rally for this crypto. Regarding the Injective coin value movement, it increased from $33.38 to $34.83 over the past week alone. In that period, its market cap also grew from $2.95B to $3.07B.
With 22 technical indicators in the green, experts in the crypto field predict that Injective may soar to $36.11 in March 2024.
KangaMoon (KANG): The Rising Star in Meme Coin Mania
One of the most unique meme coins is KangaMoon (KANG). This DeFi project wants to be known as more than just another fad; it’s trying to introduce social-fi and play-to-earn aspects. They want everyone involved by hosting battles and even being able to bet on matches. Thus, KangaMoon may achieve its goal of having the most active meme community.
Unlike other meme coins, KangaMoon’s value goes beyond just the hype. It has use in its ecosystem. The KANG token drives everything within this project. You need it to bet on fights, take on challenges for extra tokens or in-game items, and more. Additionally, you can trade all these in-game items on the KangaMoon marketplace.
The KangaMoon presale is in Stage 1, and one KANG token costs only $0.005. As time goes on, they’ll become more valuable. In fact, analysts predict a 100x increase in value when a Tier-1 CEX lists this meme coin in 2024. With close to $100,000 already raised, KangaMoon may even replicate the success of Shiba Inu and Dogecoin in the future.
What Gives KangaMoon the Competitive Edge Over Hedera and Injective?
KangaMoon has an advantage over Hedera and Injective. The others can’t compete because of its low market cap of $5M. This unique position will allow KANG to make massive price surges with little money needed. Because of this, KANG may be the best crypto to invest in for big returns.
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