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With thousands of coins in the crypto market, it becomes harder to pinpoint the ones with the potential for high ROI. However, through expert analysis, this article contains a comprehensive list of 5 top DeFi coins you should consider investing in and gives detailed insights into these tokens, from the surging presale of KangaMoon (KANG) to the steady uptrend of already established tokens like THORChain (RUNE), Chainlink (LINK), Avalanche (AVAX), and Jupiter (JUP).
KangaMoon (KANG) Sets Sight on Raising $1.5 Million Amid Growing Presale Momentum
While just in the 3rd stage of presale, KangaMoon is showing significant growing momentum that is way above its counterparts. For context, KangaMoon has raised over $1,000,000 in the 3rd stage of the presale while setting sight on reaching the $1.5M mark with thousands of investors trooping into the project.
Notably, early investors have gotten over 125% ROI. At the current trajectory, the KANG token will likely gain over 800% in its presale phase alone. Some analysts have picked KANG as one of the top DeFi coins to buy in Q1, making now the best time to join the project.
As veteran investors already know, early investment in crypto projects like KangaMoon is where exponential gains are made. As such, at the price of only $0.01125, investors can buy KANG and position themselves for massive profits soon. Meanwhile, KangaMoon, as a platform, is integrating the GameFi feature into the play-to-earn environment to help investors generate income.
At KangaMoon, members can earn through various ways, such as participating in community activities like sharing tweets and commenting on posts that promote the project on social media. Members can gain control of valuable NFTs and gaming collectibles, which they can exchange for cash. Also, KangaMoon represents a safe haven where meme enthusiasts can meet and interact on-chain through the SocialFi structure.
The team has announced plans to launch the token in a major Tier 1 exchange in Q2. As one of the hottest meme coins, analysts project the price to reach $5 in Q2 of 2024. Overall, KangaMoon is a community of meme enthusiasts.
THORChain (RUNE) 444% Year-to-date Growth Sets Token on Path of New Milestone
Following a significant uptrend in the price of THORChain (RUNE), the token is set to establish a new milestone. For context, THORChain price gained over 28% within the last week alone. Similarly, the token returned over 59% in price growth over the last month. Meanwhile, THORChain’s rally is further backed by the 444% price growth in the year-to-date price metric.
At the current trajectory, the THORChain price is likely to cross the $10 mark before the end of March. Meanwhile, it is worth noting that the THORChain trading volume has been fluctuating in the past few days. This could impede the token’s bullish momentum. Nonetheless, experts believe the trading volume will stabilize to oversee a significant rally in March.
Significant Growth for Avalanche (AVAX) Sees Token’s Market Cap Rise Above $16 Billion
Avalanche (AVAX) has shown consistent momentum in the crypto market since Q4 of 2024. As a result of the significant uptrend, the Avalanche market cap has surpassed the $16B mark. According to data collected from CoinMarketCap, the token gained over 21% within the last month.
Meanwhile, over the past year, Avalanche has gained up to 181% in price value. As a result, the token’s price has surpassed the $42 mark for the first time in 2024. With the Avalanche trading volume marginally on a positive trajectory, the token price will likely reach $50 in March.
Chainlink (LINK) Reaches Price Level for the First Time Since 2022. More Price Rally Likely
The month of March has seen the price of Chainlink (LINK) reach the $20 milestone for the first time since January 2022. This significant milestone is coming following an extended bullish sentiment for the token dating back to the start of Q4 of 2023. For context, the Chainlink price gained about 5% within the last month.
Notably, the token saw a 204% growth in the year-to-date price metric. As a result, the Chainlink market cap has entered double figures and is currently within touching distance of $12B, making it one of the top DeFi coins in the market currently. At the current trajectory, analysts reckon it is likely that Chainlink’s price will establish a support level above the $50 mark before the end of 2024.
Jupiter (JUP) Garners Momentum, on Course to Regain Price Value Above $1
The price trajectory of Jupiter (JUP) was on a bear trend for most of February. However, in the new month of March, the token rediscovered its bullish steam and has since recorded massive growth so far. As shown in the market stats, Jupiter has gained 24% since the start of March to set sight on the $1 mark.
Also, Jupiter has gained over 53% over the last month, as per market stats. This rally has pushed the token’s market cap above the $1B valuation. Meanwhile, the Jupiter trading volume has been declining on a day-to-day average of 30% in the past few days. The decline could lead to a setback in the token’s ongoing rally. Nonetheless, experts believe the token is likely to see a significant uptrend in March.
Conclusion
Judging from the market trajectories of the coins under review, there are substantial stats to back up the growth potential of the tokens. However, KangaMoon stands out above them, having showcased its massive potential while still at the presale. The DeFi project is on a significant uptrend trajectory that may result in the token becoming the next blue-chip crypto. Meanwhile, investors may not want to sleep on the other tokens.
