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Nvidia, a world leader in artificial intelligence (AI) computing, was recently valued at over a trillion U.S. dollars. This has significantly impacted the DeFi market and, in particular, GameFi cryptocurrencies.
Now, projects like KangaMoon, Floki Inu, and ApeCoin are set to rally, and KangaMoon has already become one of the best-performing P2E games in 2024.
DWF Labs Purchase $10 Million Worth of Floki Inu Tokens
In the last 24 hours, Floki Inu (FLOKI) has increased in value by 21.50%. This surge comes following a Bitcoin rally, and an announcement by DWF Labs. The Web3 investment firm stated that it plans to purchase $10 million worth of Floki Inu tokens to help support the Floki Inu ecosystem.
Since this announcement, Floki Inus daily trading volume has surged by 611%, taking Floki Inus daily trading volume to $234 million. Experts now predict Floki Inu could hit an all-time high during the next DeFi bull run.
ApeCoin Active Addresses Hit a 6-Month High
Since its initial launch in 2022, ApeCoin has faced significant resistance during a bear market. This market slowed ApeCoin adoption and caused some of the project's exciting features to fall short. However, ApeCoin is now bouncing back.
Over the last month, ApeCoin has surged by 34.9%, and the project's ecosystem is rapidly growing. The ApeCoin DAO recently unlocked $26.05 million worth of ApeCoin, and three new proposals have been made in the ApeCoin DAO.
According to on-chain metrics, active ApeCoin wallets have also doubled in the last 24 hours, peaking at 2,528, the highest level in six months. As investors continue to accumulate ApeCoin tokens, experts predict that APE could soar in 2024, potentially hitting a new annual high.
KangaMoon (KANG) Impresses Crypto Experts During Its Presale
KangaMoon continues to impress cryptocurrency experts with its strong presale performance. After selling out round 1 of its presale, KangaMoons price increased by 50% to $0.0075. This helped the project attract additional investors going into round two, which has already sold out 33% of the round's supply.
KangaMoon is a new altcoin designed around social interaction. The project uses a social-fi model to actively promote collaboration with its ecosystem. Users will be rewarded for their social interactions, and will also have the opportunity to win rewards in weekly, monthly, and quarterly challenges.
By promoting social interaction, KangaMoon aims to connect users, help investors build their networks, and create a DeFi ecosystem where everyone thrives.
As part of this ecosystem, KangaMoon will offer a P2E game. The game will focus on tournaments and battles, rewarding competitors with $KANG tokens and other in-game items. Users will have the chance to bet on the outcome of events, helping them to maximize their returns.
Investors who purchase $KANG during stage 2 of its presale will earn a 10% buy bonus. This will help them maximize returns, which, according to industry analysts, could go as high as 220% during the KangaMoon presale.
KangaMoon: Outperforming The Altcoin Market
KangaMoon is quickly gaining attention throughout the altcoin market. Its unique social-fi model helps it stand apart from other projects and has helped the project build a community of like-minded investors. As this community continues to scale, experts believe KangaMoon will soar.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Integrating GameFi and Play To EarnEmbark on your quest for glory.
Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards.
Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.
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View source version on newsdirect.com: https://newsdirect.com/news/nvidia-sees-trillion-dollar-valuation-gamefi-cryptos-kangamoon-floki-inu-and-apecoin-set-to-rally-450443521
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COMTEX_448592351/2655/2024-03-01T10:05:51
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Info Streamline journalist was involved in the writing and production of this article.