In recent news, Grayscale launched new crypto trusts with the aim to meet the growing demand for diversified crypto investments, specifically targeting Near Protocol token and Stacks coin. These trusts, which are now available to accredited investors, can also further increase the demand for Stacks and Near Protocol tokens in the altcoin market thereby affecting their prices positively.

On the other hand, KangaMoon (KANG) meme coin has exhibited a long-standing bullish trend that expresses the possibility of it accumulating over $8M presale funds by June.

The meme coin market is steaming with anticipation as a new GameFi and SocialFi project set to revolutionize the online gaming market. Throughout all its presale stages, KangaMoon (KANG) has accumulated over $7.5M now, however, considering that its last bonus stage is still ongoing, KangaMoon is set to see over $8M in June.

KangaMoon has also attracted significant attention in the altcoin market due to its unique combination of play-to-earn model and SocialFi incentives, allowing users to earn $KANG tokens as long as they engage themselves with the platform. Currently, KangaMoon has over 32,000 community members and around 10,000 token holders, indicating the level of its significant growth in the presale market.

Meanwhile, the native KANG token has increased significantly by 400% from an initial price of $0.005 to $0.025 in the current stage. This growth has led to the projection that KangaMoon could see a 100x increase this year and become one of the top meme coins with rapid growth. Moreso, its partnership with RaidSharkBot to boost market adoption, as well as recent listings on CoinMarketCap and CoinGecko, speaks well for its future in the GameFi market.

Ultimately, the KangaMoon’s ecosystem offers a fun way for members to earn $KANG tokens and other valuable in-game items just by engaging in battle-themed contests with KANG avatars as well as speculative betting for non-players. While also allowing users to earn free tokens by sharing and commenting on its promotional media posts, KangaMoon provides a social-media wave that could further drive KANG price to reach $1 this year.

Since the start of this month, Stacks (STX) token has gradually declined below its monthly resistance level, bringing down its momentum in the altcoin market. How the recent news including Grayscale launch of Stacks price can positively affect Stacks by increasing its visibility and credibility through Grayscale’s endorsement. 

With Grayscale offering a trust specifically for Stacks token, it makes the token more accessible to accredited investors, which can potentially boost the demand and liquidity it receives. This development can also potentially drive adoption and development within the Stacks ecosystem, furthering its growth and potential to rank among top cryptos to buy.

Near Protocol token, $NEAR has priced up gradually throughout the past year, with a year-to-date increase of over 357%. This momentum is likely to be maintained considering its recent development that involves Grayscale NEAR Trust, which focuses absolutely on investing in NEAR token. 

Likewise with Stacks, this particular news is good for Near Protocol as it allows more investors to notice and trust in Near Protocol token. Institutional investors might set eyes on Near Protocol increasing its demand and price in the altcoin market.

KangaMoon is already projected to complete a 1000% rise in the next quarter of the year, which is certainly going to be part of KangaMoon’s growth this year. Hence, achieving the top crypto coin status in the broader crypto market is not far-fetched. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

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The post Grayscale Launches Stacks and Near Protocol Trusts Amid Rising Demand; KangaMoon Presale Funds Shows $8M Potential by June appeared first on CaptainAltcoin.

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