DeFi

Traditional finance is in peril as these DeFi tokens prepare to take over the financial market »The Merkle News

Published

8 months ago

18 May, 2024

Traditional finance is in peril as these DeFi tokens prepare to take over the financial market »The Merkle News

Although it represents only a small part of the entire cryptocurrency market, with a market size of approximately $4.6 billion, it remains an irrefutable fact that the DeFi market has contributed heavily to the success of the cryptocurrency industry. Hoping to cash in and land a big opportunity, traders and crypto enthusiasts have flocked to the market, looking for the best DeFi tokens to buy.

Although finding that rare gem in the crypto market can be quite difficult, with the influx of DeFi tokens in recent years, some have stood out over the years. Notably, Solana (SOL), Cardano (ADA), Polkadot (DOT), and Monero (XMR) have demonstrated exceptional potential with impressive market performance. Likewise, the new market entrant, KangaMoon (KANG) has been making waves since the start of its pre-sale phase. Let’s take a look at these tokens and how they intend to generate profits for their users.

KangaMoon (KANG) becomes the first choice in the P2E market

Leveraging GameFi’s Play-to-Earn mechanism, KangaMoon (KANG) is set to introduce an immersive ecosystem dubbed “Kangaverse”. Here, players can participate in battle-themed competitions and win rewards. By participating in special activities and giveaways from time to time, users are rewarded in the form of $KANG, the network’s native token, and other high-value in-game items.

This unique proposition has attracted the attention of traders and crypto enthusiasts to its ongoing presale. Meanwhile, native token KANG saw a 400% increase in throughput during presale phases after rising from an initial price of $0.005 to $0.025 at the current stage. Given its impressive performance so far, the meme coin project now has a rapidly growing community of over 23,000 registered members, consisting of over 6,000 token holders.

Looking ahead, KangaMoon’s recent partnership with RaidSharkBot to expand adoption, coupled with upcoming listings on Tier 1 exchanges, positions it to outperform the P2E sector’s expectations. Furthermore, the global P2E market is expected to grow at a CAGR of 17.93% and reach $8,856.95 million by 2028, providing buyers with a rare opportunity to tap into this booming market.

Solana (SOL) proves to be a giant in the DeFi market

Blockchain giant, Solana (SOL) has established itself as a major player in the crypto world.

Notably, the Solana network was one of the first to use a proof-of-stake mechanism to provide smart contract functionality. Furthermore, its decentralized finance solutions are second to none as they provide their users with a secure, seamless and transparent platform.

These unique offerings have boosted its appeal in the DeFi world, with traders and crypto enthusiasts flocking to its network. After an increase of 590% last year, coupled with a market capitalization worth over $66.3 billion, the native SOL token maintains a solid place among the top crypto coins, while also offering impressive earning potential. This has further pushed optimism around the token high, with analysts predicting a recovery for the SOL token.

Analysts Predict Huge Recovery for Cardano (ADA)

The Cardano (ADA) network is unique in that it embodies the values of DeFi, providing a platform that eliminates all of the shortcomings associated with centralized finance. Notably, Cardano offers its users a feature-rich platform, offering a wide range of benefits, including speed of transactions, transparency and security against breaches.

Since going live in 2017, Cardano has risen through the ranks in the crypto world, becoming one of the best DeFi tokens to buy. After increasing by over 21% last year, the ADA token has seen an uptick in adoption and purchase over the past few months. Although the bear market continues to make its way through the crypto market, analysts suggest that Cardano is very close to a recovery phase, touting it to once again deliver huge gains to its holders.

Polkadot (DOT) interoperability feature sets it apart in the DeFi market

Given its current status in the cryptocurrency market, it is safe to count Polkadot (DOT) among the top tokens in the industry. The Polkadot network has grown in importance by offering its users and traders exceptional DeFi features, including the possibility of cross-blockchain transfers of any type of data or assets.

Additionally, Polkadot offers a reliable network as well as a token governance model that prioritizes token holders and community members. While this feature contributes to the DOT token’s appeal among investors, it also places it among the most adopted crypto coins in the DeFi market. After witnessing an increase of more than 24% in Last yearPolkadot has attracted a lot of attention and currently ranks as the 14th largest crypto coin by market capitalization.

Monero (XMR) Anonymity Feature Increases Traffic as Adoption Grows

When it comes to privacy and anonymity in the DeFi market, Monero (XMR) stands out for many reasons. Monero particularly uses a unique privacy-centric approach in its development. This protects user interests and assets, creating a transparent platform backed by blockchain technology.

In particular, Monero hides user details, from address balances to transaction details. Apart from this, Monero also allows executing transactions on its platform with little to no fees, ensuring its users do not go broke during the transaction.

Currently benefiting from a market capitalization worth over $2.4 billion, Monero has reached great heights since its launch in 2014, cementing its position as a leading DeFi token in the cryptocurrency market. Its anonymity feature sets it apart from other tokens, with analysts expecting Monero to surpass its previous ATH soon.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://Kangamoon.com/

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Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

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

Published

6 months ago

29 July, 2024

CoinFlix Staff

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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