Toncoin and KangaMoon Buzzing amid Rising TVL & Increasing Holders
Photo: KangaMoon
This content is provided by a sponsor
/KangaMoon/ – Toncoin (TON) has seen a major increase in appeal from traders following its most recent ecosystem developments, as it saw support on the dYdX Chain, and the HashKey Exchange announced that it will list the TON crypto as-well, resulting in rising Total Value Locked (TVL).
Alongside it, KangaMoon (KANG) has displayed bullishness on the charts, as it’s up 400%, with over 20,000 users now being a part of its ecosystem even before the official launch. To see exactly why these two projects are picking up such significant steam, we will go over their on-chart performance individually. By the end, we will determine which is the best crypto to invest in now.
Toncoin Crypto Sees 1,276% Increase in TVL – Price to Reach $3.22
Toncoin (TON) is grabbing everyone’s attention in the market amidst its strong performance, as the number of daily addresses increased 500% since March. The daily active addresses surged by 100% in the past month alone, and if the address activity increases further, the price could react in a significant way based on Santiment data. The ongoing increase in the Toncoin price is attributed to a significant rise in the TVL.
According to data from DeFiLlama, the Toncoin crypto’s TVL jumped from $18.8 million at the end of February to $258.8 million, indicating a surge of 1,276% In addition to this, the TON crypto is becoming far more accessible, as it gained support on the dYdX Chain, and the HashKey exchange announced that it will list it. As a result, sentiment on its future is bullish, and according to the Toncoin price prediction, it can end 2024 at $3.22, positioning it as the best cryptocurrency to invest in.
KangaMoon Spikes 400% and Becomes Best Crypto to Invest In Now
KangaMoon (KANG) is making a splash in the meme coin and Play-to-Earn (P2E) markets and is becoming a serious competitor based on its recent price performance, as it’s seen over 20,000 users and a price upswing of 400%. Alongside this bullish momentum the crypto’s presale has raised over $6.7 million and will reach $8 million by the end of the week, fueled by strong demand from traders.
KANG transcends the limitations seen often with typical coins in the meme coin sector through offering long-term utility. It serves as the in-game currency for the upcoming P2E game, and fosters a robust economic system alongside driving sustained demand. KANG also further distinguishes itself with Social-Fi elements, which rewards social-media engagement with token distribution based on overall activity.
This is an approach which fosters a thriving community, one which actively engages with the project’s X (Twitter) or other social media channels on a regular basis. Following the success of the Stage 5 presale, the team launched a limited-time bonus round. The token has as such surged from $0.005 to $0.025, and at this rate, analysts are projecting a 100x price increase following its launch and major exchange listings.
Why There’s a Lot of Buzz Around Toncoin and KangaMoon
Both Toncoin and KangaMoon have been lighting up the charts, as TON saw a surge in TVL while KANG experienced a 400% price increase. However, beneath the surface KANG has a strategic edge as it offers real utility and its integration of P2E elements fosters a robust in-game economy, driving sustained demand for its token beyond just hype. Its blend of explosive growth, strategic utility and thriving community positions it for long-term dominance on the charts, making it the best cryptocurrency to invest in.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
