DeFi
Microsoft Expands Its Adoption of Crypto as a Payment Option, These DeFi Coins Are Rising
A significant number of companies such as Microsoft accept crypto payments, and with the growth of the crypto sector, the adoption of more DeFi coins is on the horizon. Meanwhile, investors can make a significant return on investment by investing in some of the best DeFi coins that have a high chance of becoming a payment option in the traditional economy.
With expert research and analysis, this article contains 5 of the best DeFi coins likely to be adopted by large digital companies as payment options in the future. As such, DeFi projects that stand out include:
- KangaMoon (KANG)
- Uniswap (UNI)
- THOR Chain (RUNE)
- Wormhole (W)
- The chart (GRT)
KangaMoon Soars by Introducing Engaging P2E and SocialFi Features
The KangaMoon Project (KANG) is an innovative meme project that hosts a play-to-earn ecosystem as well as a SocialFi framework for interaction on the platform. While the KangaMoon project is still in its infancy, it has recorded over 23,000 meme enthusiasts already registered on the platform.
Meanwhile, KANG’s pre-sale performance demonstrates exponential interest from investors. This interest could be attributed to KANG’s significant growth potential. To recall, the KANG token has already seen 400% price growth so far during its presale. As a result, early investors in the token benefited as they pocketed the significant investment returns linked to the price growth.
Notably, the KANG token is poised to see increased growth before its presale ends and after its launch. Considering this, KangaMoon represents a good DeFi token to buy, given its exponential growth potential. Investors can buy the token at the current price of $0.025 and add it to their investment portfolio for future gains.
Considering the high utility of the KANG token as well as its upside potential, it is safe to say that the token is on the right track to becoming a top crypto, making it a must-have asset in anyone’s portfolio. investor who is looking to record exponential investment returns in the near future.
Uniswap (UNI) – A DeFi Trading Protocol Growing in Value and Popularity
Uniswap (UNI) is a popular decentralized exchange that facilitates automated trading of DeFi coins. Uniswap has continued to maintain its DeFi trading automation approach while improving trading efficiency. Notably, Uniswap also creates liquidity for investors looking to exchange their coins for another. Overall, the Uniswap protocol will limit the cost and risk of trading.
In the crypto market, Uniswap’s market cap is among the top 25 coins on CoinMarketCap, with a valuation of over $4 billion. Furthermore, Uniswap price has shown significant uptrend potential in 2024, after surpassing the $15 mark in March. This will be the first time Uniswap has reached such a high price value since January 2022. Although the token’s price has retraced, investors are confident that Uniswap has broken through its resistance level and will see its value reappear.
THORChain (RUNE) – Facilitating cross-chain exchanges
THORChain (RUNE) is one of the leading decentralized protocols allowing users to trade their crypto assets on over 9 major blockchain networks. Users of the platform can leverage THORChain’s permissionless functionality to trade assets while maintaining custody of their assets and the market prices of those tokens. Additionally, through THORChain’s lending protocol, users can borrow BTC, ETH, or stablecoins on the platform without interest or expiration.
Meanwhile, the THORChain token market performance in 2024 so far is very promising for bullish momentum in the remaining months of the year. As a reminder, THORChain’s price peak throughout 2023 was $6.5 in December. However, so far in 2024, THORChain has surpassed the $10 mark in just the first quarter of the year. With further price increases expected for the DeFi token in the future, investors will likely see the price of the token reach $15-$20 in the coming weeks.
Wormhole (W) – Powering Multi-Chain DApps
Wormhole (W) is a growing interoperability protocol on the blockchain that powers cross-chain decentralized applications (DApps), which are used to send and receive tokens and NFTs across multiple blockchains. Additionally, developers can use Wormhole to exchange messages across over 30 blockchains.
As Wormhole seeks to expand its reach by integrating more blockchain networks, the protocol is also actively launching DApps, which make it easier to run DeFi. With this, it will also be natural that the performance of Wormhole tokens in the crypto market will improve soon. As such, Wormhole is a hidden crypto gem waiting to explode.
The Graph (GRT) – Maintaining Blockchain Data Integrity
As of 2020, The Graph (GRT) is an indexing protocol that verifies the integrity of data entering the blockchain. The Graph runs on networks like Ethereum and IPFS while powering a significant number of DApps on the Web3 ecosystem. With The Graph, it’s easier to build new applications that will track valuable data on-chain.
Meanwhile, the market performance of the GRT token over the past few months shows bullish signals. As a reminder, the price of The Graph has recorded significant growth since the start of the year. Notably, The Graph’s market capitalization valuation has seen an upward trend, establishing its value above the $3 billion mark. If The Graph maintains its Q1 price trajectory, the DeFi coin could end up hitting the $1 mark during the year.
Conclusion
After analyzing some of the most notable DeFi coins to invest in, investors can choose one or all of these tokens to add to their portfolio. With companies like Microsoft, Paypal, Shopify, etc. accepting crypto as a payment option, greater crypto adoption is expected this year. In particular, the KangaMoon project, which is one of the projects analyzed in this article, presents a unique opportunity to be one of the first investors in the KANG pre-sale. With KANG’s potential to become a top cryptocurrency in the future, an investment will now perfectly position it to ride the wave of the project’s bullish momentum.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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