In recent updates, Grayscale has introduced new crypto trusts to cater to the increasing demand for diversified crypto investments, particularly focusing on the Near Protocol token and Stacks coin. These trusts, now accessible to accredited investors, have the potential to drive up demand for Stacks and Near Protocol tokens in the alternative coin market, influencing their prices positively.

On a different note, the meme coin KangaMoon (KANG) has demonstrated a prolonged bullish trend indicating the possibility of accumulating over $8 million in presale funds by June. KangaMoon's remarkable journey in the altcoin market showcases its unique blend of play-to-earn model and SocialFi incentives, attracting a substantial community base and holders of its tokens.

The native KANG token has experienced significant growth, soaring by 400% from its initial price to the current stage, fueling projections of a substantial increase and emergence as a leading meme coin. Partnering with RaidSharkBot and securing listings on major platforms signal a promising future for KangaMoon in the GameFi market.

The KangaMoon ecosystem provides an engaging platform for users to earn tokens and in-game items through battle-themed contests and speculative betting, fostering a social media buzz that could drive the KANG price towards $1.

Conversely, Stacks (STX) token, despite a recent decline, stands to benefit from its inclusion in Grayscale trusts, potentially boosting its visibility and credibility among investors. The endorsement by Grayscale through a dedicated trust for STX token can enhance accessibility for accredited investors, leading to increased demand and liquidity.

Likewise, Near Protocol (NEAR) token has seen a steady rise over the past year, with expectations of continued bullish momentum following the introduction of the Grayscale NEAR Trust. This development is poised to attract institutional investors and further elevate the demand and value of the NEAR token.

The question of whether KangaMoon can surpass the $1 mark and compete with STX and NEAR tokens for top crypto coin status looms as it embarks on a projected 1000% increase in the upcoming quarter. The potential growth and prospects for KangaMoon highlight its evolving position in the crypto market landscape.