Recently, the cryptocurrency market witnessed a huge downward movement, highlighting the current volatility and unpredictability of the market. This concurrent phenomenon has made it quite difficult for traders and crypto enthusiasts to predict the future of a token, leaving investors confused as to what and what not to invest in. However, this is set to change with popular analyst, Pentoshi, forecasting a continued bull market. With the likes of Fantom (FTM) and crypto giant Ripple (XRP) alongside new market entrant KangaMoon (KANG) leading the charge, the altcoin market is set for a rebound.
Although experiencing a topsy-turvy movement in recent times, Fantom (FTM) token has maintained a steady price range, hovering within a weekly price range of $0.58 and $0.92. These figures come after a recent downturn in the last week which saw the token's value reduce by 20%. However, the token is currently gaining rapidly with analysts touting it to soar in the days leading up to the end of April.
With a growing market cap of over $2B and an increasing trading volume, the Fantom Network has witnessed an influx of traders and buyers. On this backdrop, coupled with continuous adoption and mass purchase of the token, analysts are projecting a coming surge for the native FTM token, positioning it highly among the top altcoins to buy.
Ripple (XRP) has been one of the long-standing names in the cryptocurrency industry since its launch in 2012. The decentralized token has been a major player in the altcoin market, providing its users with cheaper and faster options for making transactions. With a market cap of over $28B, the native XRP token has served this purpose for a long time, attracting the attention of traders and buyers within the crypto market.
Despite a 15% drop in the last week, the currency maintains a weekly price range between $0.433 and $0.606. Not only does this drop reflect the current state of the cryptocurrency market, it further exhibits XRP's resilience in the market, ultimately ranking highly among top altcoins to buy right now.
KangaMoon (KANG)'s emergence into the cryptocurrency market has been quite impressive so far, with the token surpassing expectations and proving its strength despite the current state of the market. Since the beginning of its presale till now, KangaMoon has raised over $5M in presale funding and is on the verge of hitting $7M before the end of the month.
Given its impressive performance, KangaMoon has also rewarded early traders with noteworthy returns of up to 290% ROI, with the native KANG token price soaring from an initial offering price of $0.005 to $0.0196. Not only is this spectacular, but it has also attracted notable attention within the broader crypto market.
Particularly, KangaMoon boasts of a unique ecosystem that integrates the elements of SocialFi and GameFi's Play-to-Earn (P2E), creating a "Kangaverse" where users can enjoy gaming experience while earning in the process. Via its Play-to-Earn feature, users can access and engage in a variety of activities from building in-game characters to engaging in battle contest or even speculative betting.
While victors get rewarded in KANG tokens and other high-value in-game collectibles, they can decide to either hold on to them or trade them on the platform's dedicated marketplace for real world values. Meanwhile, while the presale is still ongoing, KangaMoon offers users the opportunity to earn before the launch by engaging and sharing posts on the token's social media platform.
KangaMoon further boasts of a growing community which is home to over 6,000 token holders and 20,000 registered users. This is a testament to KangaMoon's intention to create a vibrant and efficient ecosystem for users to thrive and earn. While it's still in its presale stage, now is the best time to buy the token.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.