TRON’s network revenue soared over the past week, hitting a new all-time high in the process. This has caused an uptick in TRON’s daily trading volume, and the project’s network activity has also increased.
At the same time, a new altcoin has created a buzz in the DeFi space following a 50% price surge. Here’s why investors are excited.
TRON Hits a Major Milestone
On February 20, TRON’s daily network revenue surged to $2 million. This huge milestone occurred after 13 million TRX tokens were burned. According to CoinMarketCap, TRON is currently trading at $0.138, and has experienced a 1.93% price increase over the last week.
Given that many altcoins have seen declines following a market wide correction, this increase is a huge win for TRON investors. TRON’s monthly returns have since hit 21.04%, making TRON one of the markets best performing altcoins.
With further developments on the way, experts believe that TRON could experience additional growth throughout the year. For example, in a recent post, Justin Sun, founder of TRON, announced a new initiative designed to integrate TRON with the Bitcoin network.
This initiative will go through several phases, and eventually TRON could release a Layer 2 solution to integrate TRON with Bitcoin. This integration could have a significant impact on TRON’s long term growth, making its ecosystem more accessible.
Should the initiative succeed, experts believe that TRON could hit an all-time high in 2024. As a result, TRON activity is expected to increase over the next quarter.
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Why Did This New Altcoin Surge 50%?
As TRON prepares for a potential surge, this exciting new altcoin has increased in value by 50%. This increase occurred when the project sold out during the first phase of its presale. Now, experts believe it could see returns of 220% before it officially lists on major exchanges. The project? KangaMoon.
KangaMoon is currently in stage 2 of its presale. The project quickly caught the attention of DeFi investors, and stands apart with its social-fi features, which have been combined with a P2E game.
KangaMoon features will include rewards for social interactions within the KangaMoon ecosystem, as well as weekly, monthly, and quarterly challenges. These will be available alongside P2E rewards for users who battle characters as part of KangaMoon’s game.
During its presale, investors will be able to maximize their returns by promoting KangaMoon. This unique incentive is designed to quickly build the KangaMoon ecosystem, and create a bustling community where investors can meet like-minded people.
KangaMoon will use $KANG as its utility token. $KANG is currently selling at $0.0075 during stage 2 of the KangaMoon presale. Investors who buy during this phase will earn a 10% buy bonus, which will set them up for long term success when KangaMoon launches.
Will KangaMoon Outperform Top Altcoins?
Although it’s a new project, KangaMoon offers several opportunities not provided by top altcoins. For example, most top altcoins have already experienced significant growth stages. Consequently, their growth could be limited. Meanwhile, with KangaMoon being so early in its presale, the project could offer significantly more growth, and as a result its presale is expected to soar.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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