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.
Experts Bullish As Dencun Promises Big Upgrades for Ethereum (ETH)
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.
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
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.
