According to DeFi experts, Filecoin, Arweave, and KangaMoon could offer significant returns in 2024. Filecoin and Arweave are pushing the boundaries of blockchain technology, while KangaMoon could disrupt the meme coin space with its new social-fi approach. Here’s why experts believe each project could surge.
Arweave Pushes Scalability Limits
In a recent post, Arweave founder Sam Williams praised Arweave for its scalability potential. The altcoin has already exceeded 1,000 transactions per second (TPS) for short durations. In comparison, Solana averages 500 TPS. Williams expressed that he believes Arweave could pioneer sustained scalability in the future, which has put Arweave on the buy list of many top investors.
Over the last month, Arweave (AR) has increased in value by 63%. The altcoin is now trading at $13.58, and is the 86th-ranked cryptocurrency by market cap. In the last 24 hours, Arweave’s daily trading volume decreased by 36% to $57.3 million. However, this decline can be attributed to general market fluctuations.
Filecoin Integrates With Solana
Filecoin, the world’s leading blockchain storage network, recently announced a new integration with Solana. This integration triggered a price surge, during which Filecoin almost doubled in price from $4.60 to $8.22.
Since this surge, Filecoin has faced a pullback as many investors sold their Filecoin tokens to make a profit. As a result, Filecoin decreased to $6.90, though has since rallied to $7.58. With a daily trading volume of $594 million, investors remain extremely bullish.
According to experts, Filecoin could pass $8 by the end of February, which has created a bullish sentiment around the project. Therefore, Filecoin could be a strong medium-term investment in 2024.
KangaMoon (KANG) Attracts Investors with Its Strong Performance
KangaMoon (KANG) is gaining significant attention in the DeFi space. This innovative new meme coin offers a unique investor experience. Rather than relying on general market hype, KangaMoon looks to create a vibrant ecosystem of like-minded investors. These investors will be rewarded for their social interactions through KangaMoon’s different social-fi features.
These features will start right from the onset of the KangaMoon presale. Users who help promote the KangaMoon presale will earn additional $KANG tokens for their portfolios. This mechanic is designed to speed up KangaMoon adoption.
As part of its ecosystem, KangaMoon will offer a P2E game. The game will focus on battling characters, during which players can win rewards and $KANG tokens. Additionally, users will also have the opportunity to complete weekly, monthly, and quarterly challenges for additional rewards.
KangaMoon is currently selling out fast during stage two of its presale. Over 14% of the rounds supply has sold in just a few days, and $KANG tokens have increased in value by 50% to $0.0075. Investors who buy now will be granted a 15% buy bonus, though this bonus will only be available for a limited time.
KangaMoon Chases 220% ROI
KangaMoon showcases fantastic utility and a unique social-fi model not seen elsewhere in the market. As a result, experts have extremely high expectations for the project. Analysts speculate that $KANG tokens could increase 220% during the KangaMoon presale, which, alongside additional presale bonuses, makes KangaMoon an extremely lucrative investment opportunity.
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