We’re in March, the month when Ethereum (ETH) finally gets its next big mainnet upgrade, Dencun. With the upgrade just days away, industry experts are bullish about ETH as Dencun promises to transform the efficiency of the Ethereum network.
In other exciting news, Tron (TRX) and KangaMoon (KANG) are two top DeFi projects that have seen an improvement in sentiment. While Tron is recording a peak in its network usage, KangaMoon has emerged as the best new crypto to invest in because of its innovative social-fi model.
Experts Bullish As Dencun Promises Big Upgrades for Ethereum (ETH)
Following successful testnets in February, March 13 has been scheduled for the mainnet launch of Dencun. There have been many talks about Dencun because it looks to make the Ethereum network more efficient.
Matter Labs engineer Anthony Rose has noted that the upgrade will lead to less cost, friction, and potentially more usage for Ethereum. Dencun will also provide the groundwork for the development of a more scalable Ethereum network.
The price of ETH recently touched $3,500 in the crypto market rally before a slight retracement under this resistance level. However, post-Dencun, there are predictions that the altcoin price could surpass this level and potentially shoot for $4,000.
Tron (TRX) Network Demand Soars As TVL Surpasses $9.5 Billion
The total value locked (TVL) on Tron (TRX) has been surging in recent weeks, setting a new all-time high above $9.5 billion. Several factors have contributed to Tron becoming one of the top DeFi projects. The key has been Tron’s efficiency and low fees when used for stablecoin settlement.
Data from Artemis shows that Tron’s fees and revenue are up by 119% on a YTD basis. IntoTheBlock also reported on Twitter that the number of non-zero balances on the Tron network has surged above 95 million, overtaking Cardano and Avalanche.
Another reason for the growing demand for Tron has been its more stable TRX coin. With minimal volatility, the altcoin price has increased by 31% year to date. TRX has moved above the $0.14 support and could look to target the $0.20 in the coming months.
KangaMoon (KANG) Demand Peaks Over Unique Reward Model
Like Tron, the demand for KangaMoon (KANG) has peaked over the past few weeks after it unveiled its unique reward model based on the Social-Fi concept. This demand has translated into a very successful crypto ICO for KangaMoon, with the project raising over $600,000 in just a few weeks of its launch.
There has been much buzz about Social-Fi because KangaMoon would be rewarding users based on their participation on the network. From very simple tasks like interacting with posts across all of KangaMoon’s social media accounts to participating in weekly and monthly events, users will earn free KANG tokens.
The KangaMoon team has set aside 10% of its 1 billion KANG token supply to reward token holders. With this unique Social-Fi model and exciting rewards, KangaMoon hopes to become the most active network for meme coin enthusiasts in the future.
Like other altcoins in the market, KangaMoon has been on an uptrend, gaining 125% as it entered the third phase of its crypto ICO. While KANG is currently valued at $0.0075 per coin, crypto experts have forecasted gains of up to 220% in March, given its unique model and connections to the meme coin market.
In Summary
The price of ETH is expected to rise as the Ethereum network receives its biggest upgrade in years. TRX, on the other hand, continues to rise with the growing demand on the networks. Lastly, KangaMoon has emerged as the best new crypto to invest in thanks to a unique new framework that has been attracting crypto users.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
Source: https://coinpedia.org/press-release/experts-bullish-ahead-of-eth-dencun-upgrade-demand-for-tron-kangamoon-peaks/