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Lido Finance has observed a significant uptick in the amount of Ethereum staked on its platform. This increase in staked capital occurs in the wake of the recent classification of staking programs by the United States Securities and Exchange Commission (SEC) as securities in its lawsuit against Consensys. Sentiment in altcoins has spiked as a result, with Chainlink (LINK), Polkadot (DOT) and KangaMoon (KANG) seeing a significant uptrend.
Chainlink Price Moves Above $14 and Can Soon Breach $19
Chainlink (LINK) has jumped back up in value after a prolonged period of price correction, and as a result sentiment on its future has shifted. During the past seven days, the Chainlink crypto has surged from $13.45 to $14.65, and at this rate it has the potential to see far more gains.
According to the Chainlink price RSI data, its above 50 which is typically an indication of neutral ground. Yet, if it regains bullish momentum, according to the Chainlink price prediction, it can end Q4 of 2024 at $19.29.
Polkadot Crypto Rises Just 4% but Sentiment Remains Bullish
Polkadot (DOT) has risen 4% on the weekly chart, and at this rate has the potential to surpass even the $7 price barrier. Throughout the weekly time-frame, the Polkadot crypto has jumped in value from $5.70 to $6.59, and now, its MACD data is bullish.
For the Polkadot price to see even further gains, it needs to regain bullish attention, and can do so assuming it retains its current uptrend. According to the Polkadot price prediction, the crypto can end Q4 of 2024 at $8.48.
KangaMoon to Lead the Pact With Innovative SocialFi and P2E Integration
KangaMoon (KANG) emerges as a significant player within the Web3 landscape, presenting a novel approach to the Play-to-Earn (P2E) phenomenon. This project seamlessly integrates Social-Fi features, fostering a captivating gaming experience that transcends mere monetary rewards. KangaMoon empowers users to monetize their playtime within a thriving ecosystem, cultivating a strong sense of community and belonging. The project meticulously designs an environment specifically geared towards maximizing user engagement.
KangaMoon distinguishes itself by integrating Social-Fi features beyond the typical P2E mechanics. To further enhance user utility, KangaMoon launched a staking program, allowing users to leverage their KANG holdings for additional returns. The project has established a presence on prominent platforms like CoinGecko and CoinMarketCap, with listings on major exchanges such as Uniswap and BitMart. These potential exchange listings represent a significant catalyst for growth, as they would significantly increase accessibility for new investors.
Early investors have witnessed a remarkable 1,900% return on investment (ROI). Financial analysts remain optimistic about KangaMoon’s long-term prospects, projecting a potential 100x further growth in token value. This optimism is fueled by the project’s innovative approach, which merges Play-to-Earn mechanics with Social-Fi elements. KangaMoon also surpassed a market capitalization of $100 million, and can reach $1 billion by the time 2024 ends. As a result, sentiment in its future is bullish, as analysts project a 100x price increase.
Which Crypto to Get for Maximum ROI in 2024?
While both Polkadot and Chainlink are volatile on the charts, they can indeed break past major price barriers and reach new heights in 2024. In the meantime, the KangaMoon crypto has displayed major dominance, and could provide traders with a ROi of 100x, making it a solid option for diversification.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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*This article was paid for. Cryptonomist did not write the article or test the platform.
