Ethereum (ETH) has been popular due to the rise of EigenLayer, whose restaked asset base now stands at over $3.8 billion. While at it, whales ramp up their Chainlink (LINK) and KangaMoon (KANG) accumulation.

Ethereum restaking grows as EigenLayer surges

EigenLayer allows investors to earn more interest on their staked ETH by “restaking” them to secure other blockchains. 

EigenLayer’s total value locked (TVL) rose by over 90% to $3.84 billion in the past week. The expansion results from the reopening of deposits and the lifting of staking limits.

Despite this, ETH gains have been marginal in the last week. 

Chainlink whale accumulation exploding 

LINK is up 19% in the past few weeks, reaching a high of $19.80. 

Amid this, whales have been accumulating the token. 

Because of this, 1% of top LINK addresses control almost 925 million tokens. 

LINK has resistance at around $20. A break above this line could see the token float to $30.

KangaMoon set for gains in 2024

KangaMoon supporters are confident that KANG will outperform Chainlink and Ethereum in the coming bull cycle. 

The platform is building a social finance (socialfi) network that combines play-to-earn (P2E), NFTs, and meme coins into one ecosystem. 

KangaMoon rewards community members participating in challenges and giveaways with cash, KANG, and other digital assets.

SOLIDProof has audited the platform’s smart contracts, confirming they are secure.

In the current presale stage, KANG is trading for $0.005.

Go to Source to See Full Article
Author: Guest Post

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details