21Shares has integrated Chainlink’s Proof of Reserve to increase the transparency of the reserves backing its Bitcoin spot ETF. Meanwhile, a new meme coin called KangaMoon has entered the meme coin market with the potential to Mirror Bonk’s bullish price movement.
The Chainlink (LINK) Proof of Reserves Adopted By 21Shares
Crypto ETF provider 21Shares has adopted Chainlink Proof of Reserve to enhance the transparency of the Bitcoin reserves supporting its ARK 21Shares Bitcoin ETF.
According to a press release, 21Shares selected Chainlink due to its track record of handling over $9 trillion for decentralized markets and its delivery of more than 11.8 billion data points on-chain.
This latest development in the Chainlink ecosystem adds to the numerous projects that have adopted its CCIP, like Singularity and Metis. Interestingly, Chainlink’s DeFi coin, LINK, is trading at $17.80 – $20.33 with a gain of 9.8%.
Bonk (BONK) Soars 3,506.0%
Bonk (BONK), the largest Solana-based meme coin, has a huge increase of 3506.0% in the past year. This increase comes as its price soared 125.4% from a 7-day low of $0.00001112 to a high of $0.00002535.
This latest price surge has taken Bonk closer to its all-time high of $0.00003416, which was reached in December 2023. The market cap and trading volume of the meme coin have soared within this period. Given this bullish price movement, analysts are forecasting that Bonk could see more gains in the next trading sessions.
However, Bonk must surpass resistance levels at $ 0.00002854 and $0.00003175. Investors who had missed out on Bonk need not worry, analysts and market experts have picked a new meme coin, KangaMoon, to give Bonk-like gains.
KangaMoon (KANG) Poised To Rule the Meme Coin Market
KangaMoon (KANG) is new to the meme coin space and the best meme coin to invest in right now. Analysts have forecasted that KangaMoon will give Bonk-like gains during the presale stage and after its launch.
They forecasted a 320% ROI for investors who join in the presale and another 450% ROI after the KANG token is listed on exchanges. Unlike Bonk, KangaMoon combines Social-Fi and play-to-earn (P2E) gaming dynamics, enabling users to take part in competitions.
Participants who win these competitions are rewarded with extra tokens and in-game assets. These assets can be traded on the KangaMoon marketplace, enhancing the platform’s financial economy.
KANG tokens are worth only $0.01125, a good chance to buy before it increases. Those who joined the project at the first stage have recorded a 125% ROI and could see more ROIs as the presale continues.
Conclusion
While Chainlink is witnessing massive adoption, KangaMoon has become the best mem coin to invest in for Bonk-like gains. One vital catalyst that will boost KangaMoon’s adoption and value is the play-to-earn gaming sector where it operates.
According to Yahoo Finance, the market size of the global Play-to-Earn NFT Games sector will increase by 17.93% to reach $8.85 billion by 2028. This spells huge growth potential for KangaMoon.
