DeFi
Anthony Scaramucci Says Bitcoin Adoption Is Just Beginning, Will These Challenge Coins Follow?
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 regarding US pension funds starting to buy it.
Scaramucci noted how much institutional adoption of BTC is happening now and that he expects more pension funds to start going after BTC after the recent news that the Wisconsin pension fund and the State of Wisconsin Investment Board are investing $100 million in crypto. “It pays to be early in Bitcoin,” Scaramucci said.
As a result, sentiment is now bullish not only for crypto BTC 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 some of the best DeFi cryptos to get in 2024.
Deep dive into the top 5 challenge cryptocurrencies that can see significant growth in 2024
Dive into each of these DeFi coins to see exactly which one can provide massive returns for traders in 2024 and beyond, alongside Bitcoin’s market dominance.
KangaMoon to Redefine Meme Coins by Introducing P2E and Social-Fi Elements
KangaMoon (KANG) is carving out a unique niche in the crypto market by challenging the traditional perception of meme coins by introducing Social-Fi, Play-to-Earn (P2E), and DeFi functionality with true token utility. So far, the presale has resulted in a 400% price increase and a user base that exceeds 20,000, meaning the project has major interest beyond just hype. The current pre-sale, exceeding $6.8 million, and expected to reach $8 million by the end of the month, further highlights the major momentum and appeal of this project. This strong investor demand positions KANG as an interesting diversification opportunity.
KANG aspires to be more than just a coin. The project is integrating its token as an in-game currency for the upcoming P2E title, which can provide it with many more use cases. KangaMoon also unveiled a new Social-Fi model, which encourages engagement on social media. The most active participants on social networks receive free KANG tokens as a reward.
The current price rise from $0.005 to $0.025 also reflects growing adoption, and BitMart’s upcoming listing also presents another potential catalyst for its growth. Analysts are now predicting a 100x price explosion following its launch and future stock listings, making its current pre-sale bonus stage the last opportunity for traders to acquire KANG at a discount.
Chainlink price soars 151% since the start of the year: can it reach $20 in 2024?
The Chainlink (LINK) team recently shared the results of the new Smart NAV industrial pilot project between DTCC, the first post-trade market infrastructure. In this pilot, Chainlink and ten other global financial institutions provided key data on the mutual fund chain.
Chainlink crypto could be affected as they have worked together to assess the feasibility and industrial value of providing a DLT-based price alongside the price diffusion solution which will enable new benefits and support future experimentation in the field of asset management. Over the past year, Chainlink’s price has increased by 151%, and at this rate, it is poised for future growth, especially once cryptos like BTC gain more mainstream adoption. According to the Chainlink price prediction, it could end in 2024 at $20.
Uniswap crypto to rise above $10 following latest mobile app feature
Uniswap (UNI) recently released an update that allows anyone to transfer cryptocurrencies directly from a centralized exchange (CEX) to a Uniswap mobile app. As a result, users will no longer need to copy and paste or send funds to the wrong address. Based on the chart data, this has had a positive impact on the Uniswap crypto.
Uniswap price is up 43.7% year-to-date (YTD), and at this rate, traders could soon see higher gains, especially with the increased use case of the ‘mobile app. According to Uniswap’s price prediction, it could end 2024 at $10.60.
Graph price increases following successful Sunrise upgrade program
The Graph (GRT) recently completed the first wave of the Sunrise upgrade program and began the second wave missions. This is an incentive to expand its ecosystem, which can increase the use cases of The Graph crypto.
So far, the Sunrise program has accelerated the ecosystem, with over 1,051 subcharts updated since March 14, 2024. Based on The Graph price predictions, it can end 2024 at 0.3248 $.
THORChain Crypto Grows as Ecosystem Volume Peaks with THORSwap and ShapeShift
THORChain (RUNE) has seen a major increase in activity on the charts following the latest developments in the ecosystem. Specifically, THORSwap and ShapeShift have become two of the leading lending platforms in addition to its ecosystem and as a result, THORChain crypto has been used much more.
THORSwap achieved the highest total collateral volume among affiliates at $143.17 million, and ShapeShift led with an average collateral size of $52,500. As a result, the price of THORChain has also been positively affected, and it is up 503.5% year-to-date (YTD). According to THORChain price prediction, the crypto can end 2024 at $6.88, making it a strong DeFi crypto.
Diversify with the top 5 DeFi cryptos for a good ROI
It is clear that DeFi coins have seen significant usage recently, and institutional adoption of Bitcoin is also increasing. Due to these factors, cryptocurrencies such as Chainlink, Uniswap, The Graph, and THORChain have the potential to reach new highs and offer traders high returns.
Despite all this, KangaMoon saw the most short-term growth at 400%. With its BitMart listing and future CEX listings, it can attract many more people and grow quickly. These aspects position it as one of the best DeFi projects to get into.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://kangamoon.com/
Join the Telegram community: https://t.me/kangamoonofficial
Disclaimer: The above content is not editorial and TIL (Times Internet Limited) hereby disclaims all warranties, expressed or implied, with respect thereto. TIL does not provide investment advisory services in any way and the publication of this content does not imply endorsement by TIL or the Economic Times. TIL strongly recommends that users take all necessary steps to ensure that the information and content provided is correct, updated and verified and/or speak with a qualified investment professional before making any decision to investment.
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
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DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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