According to CoinMarketCap, the DeFi market accounts for about $100 billion of the entire crypto market which reflects their burgeoning popularity. Even though there has been bearish correction for the last few weeks, some DeFi coins are still springing surprises. Though bearish at the moment, DeFi cryptos like Neo Coin and Stepn are projected for an upswing soon. Another token that is making waves is KangaMoon which has outgrown many DeFi projects in popularity and growth potential. Let's take a look.

KangaMoon Maintains Position As One of the Best DeFi Coins

Alongside Neo Coin and Stepn, KangaMoon is another DeFi crypto that may soon reach the zenith. The new project banks on its highly-revered features of GameFi and SocialFi models, allowing users to earn separately from the two worlds. With the combination of these two features, KangaMoon has become popular among users and investors.

In the presale, KangaMoon freely distributed about 250 million of its native tokens as in-game and social rewards to users. With this gesture, the platform saw an inflow of investors with about $8 million in presale funding raised. The platform also attracted a user base of more than 32k participants and 10k holders. Apart from the features, KangaMoon is also popularized by its skyrocketing return on investment.

Early investors earned a massive 400% ROI as the token price appreciated from $0.005 to $0.025. If KangaMoon can appreciate this in presale, analysts posit that the token can further give better ROI. That's why new investors are rushing to purchase the token even after the end of the presale. Its growing popularity has also seen it listed on Coingecko and CoinMarketCap to give it more visibility.

Now at BitMart and Uniswap exchanges, interested investors can purchase KangaMoon at $0.09. The KangaMoon staking system is one of the best in the DeFi market, making it a top DeFi cryptocurrency on show. With its commitment to foster community development, analysts predict that KangaMoon can reach $1 in 2024 which will be a huge profit for those who invest now.

Can Stepn Reach $0.5 This Year?

Stepn is another DeFi cryptocurrency predicted for a huge rise this year. While the Stepn token is currently in the downtrend with a 32% drop last month and a 5% dip last week, analysts posit that the Stepn coin's solid features and its industry approach could see it make a bullish challenge soon.

As per the trading chart, Stepn market cap hasn't reached billion dollars yet, making it the exact token to purchase for profit. With key metrics such as the simple moving averages and the moving average convergence divergence showing signs of a bullish recovery, Stepn's price could climb to $0.5 this year.

Neo Coin Eyes Next Breakout at $15

The Neo Coin ground a 20% increase across the past year but fell by 21% in the past month as the bearish sentiments mounted. Even though the Neo Coin market cap and the trading volume are currently bullish, the token is still finding it difficult to upstage the $12 resistance zone.

Analysts observed that if Neo Coin price sees a bull rally and climbs above $12, that could be a perfect opportunity to see a breakout to the $15 level. While this may be difficult with the current state of the Neo Coin, the coming of the bull cycle can see the token achieve the breakout.

KangaMoon Offers The Best Hope For Profit

Looking at Stepn and Neo Coin suggests they are promising tokens to behold. However, they are likely to be hindered by the market cap which is close to a billion dollars. KangaMoon is just starting life with only $100 million in market cap, indicating that the token could do a 10x without a fuss. As such, investors should explore the token fundamentals and invest as appropriate.

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