DeFi
New MiCA framework urges big banks to enter DeFi market; KANG, SHIB, WIF, STX and ICP could benefit
Recently, Markets in Crypto-Asset Regulatory (MiCA) released a new framework that suggests large banks could enter the DeFi market and potentially make it more difficult for other native crypto platforms to comply. However, this claim from MiCA also highlights a potential increase in institutional participation in the broader crypto market.
If so, large banks entering the DeFi space could potentially increase the general acceptance of decentralized finance (DeFi), which could increase exposure to some unique DeFi coins in the market currently.
In line with this new trend, some cryptocurrencies have a chance to benefit from upcoming exposure in the DeFi market and beyond, even for meme coins. These coins are KangaMoon (KANG), Shiba Inu (SHIB), Stacks (STX), Dogwifhat (WIF), and Internet Computer (ICP).
KangaMoon (KANG) is the latest Meme coin with higher potential among Meme coins
With over $6,670,510,029 now accumulated in its bonus phase, KangaMoon (KANG) is undoubtedly the next coin to watch for potential runaway success when it finally launches on Tier 1 exchanges this second quarter. In addition to the records achieved by KangaMoon, it has also managed to attract over 23,000 registered members, including over 6,000 KANG holders.
But what is KangaMoon really about? The meme coin project stands out from the crowd by merging the P2E components of SocialFi and GameFi, which is poised to be a game changer for meme coins. Currently, KangaMoon ranks among the most popular presale coins in the meme coin market and is already expected to reach $1 by the end of this year.
Although KangaMoon has so far increased by over 400% from its initial price of $0.005 during the first stage of its presale, the KangaMoon token is currently selling for $0.025. Having exceeded most expectations from the start, analysts predict that the KANG token will potentially provide its users with up to 1,000% ROI almost immediately after its launch on the DeFi market.
As of now, KangaMoon is still on fire and the momentum is not going to die down any time soon. Supporters participate in its social media incentive where they get free $KANG tokens by sharing and commenting on Kangamoom posts. Meanwhile, the platform recently partnered with RaidSharkBot to further increase its adoption with exciting raid challenges – a community engagement strategy that could propel KangaMoon to a new height.
Along with Shibarium, Shiba Inu (SHIB) is the ultimate coin after DOGE
After Dogecoin (the original meme coin), it’s safe to say that Shiba Inu (SHIB) is the second most recognized and influential meme coin in the crypto space. After its launch in May 2021, Shiba Inu received additional support from Elon Musk via tweets and advertising, which significantly skyrocketed the sensation around the SHIB token. This rise in popularity not only propelled Shiba Inu into the limelight, but also paved the way for other coin projects.
One of the most interesting features of the Shiba Inu is its platform called Shibarium. This platform has positively influenced the growth of Shiba Inu as it helps reduce costs and speed up transactions on the Shiba Inu network.
Recently, Shibarium reached a remarkable milestone, with a staggering one million daily transactions. This particular feat reflects the importance of its role in improving the efficiency of the Shiba Inu network. With a large supply for trading, the meme coin will certainly benefit from the increased institutional crypto leniency.
Stacks (STX) is one of the best layer 1 blockchains
As a leading cryptocurrency in blockchain innovation, Stacks (STX) not only extends Bitcoin’s functionality with smart contracts, but also eyes a target valuation of $10 this year, up from its current valuation of $2 .
Built on the secure Bitcoin network, Stacks also ensures the integrity and reliability of assets and applications, positioning itself at the forefront of decentralized finance (DeFi) and smart contracts. As a layer 1 blockchain and one of the best Web 3 DeFi coins, Stacks has ensured to make a positive impact on the future of blockchain.
For the future, the trajectory of Battery prices will heavily depend on its adoption within the blockchain community and its seamless integration into various technology ecosystems. Aside from the regulatory approval granted by the SEC for its token offering, Stacks is on track to maintain innovation, which could potentially solidify its position and relevance in the blockchain space.
Dogwifhat (WIF) Could Become the New Face of Trending Coins This Year
As usual, meme pieces are often propelled by internet sensations such as social media and strong online community support. Dogwifhat (WIF) is one such meme token that has seen an impressive performance in the market due to the influence of online presence and growing investor sentiment.
Despite its relatively low market capitalization, the WIF native token has attracted attention due to its substantial price appreciation, further supported by several unique features. These features include its playful theme featuring a “real dog in a hat” meme, its Solana blockchain foundation for fast, low-cost transactions, and strong community engagement to name a few.
These factors contribute to Dogwifhat’s rise to stardom, especially since it is now considered one of the most attractive investors among meme coins. Ultimately, the token holds enormous potential for growth and volatility in the broader altcoin market.
The Internet Computer (ICP) could be the future of cryptocurrency
As the cryptocurrency platform to build the world’s first web-speed and web service public blockchain, the Internet Computer (ICP) token has more than enough potential to weather the current cryptocurrency market crisis. cryptography and is becoming one of the best DeFi coins to watch. out for.
With Bitcoin creating digital wealth and Ethereum enabling smart contract mining, DeFi and NFTs, the Internet computing network is the next big innovation in play as it takes smart contract computing to a whole new level. As a blockchain network, Computer Internet handles smart contract calculations at blazing speed, manages data storage, and provides a solid software framework for developers
With advanced features such as its Internet Identity (IID) and Chain Key technology and Network Nervous System (NNS), Internet Computer can potentially secure additional institutional interests this year, strengthening its position among leading DeFi coins .
Will KangaMoon be able to become the highest coin in terms of market capitalization?
KangaMoon (KANG) might not be able to reach meme coin status with the highest market cap due to already established meme coins like Dogecoin and Pepe, however, the possibility of this happening is far from thin.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!