In the flourishing altcoin market, three cryptos have recently made waves: Ethereum (ETH), Shiba Inu (SHIB) and KangaMoon (KANG). While you may be familiar with ETH and SHIB, KANG is a newcomer now in Stage 5 of its presale. However, many market analysts have it pegged as the next 100x altcoin in 2024. Let's find out why.
Recently, Ethereum (ETH) has been riding a bullish wave. CoinMarketCap data shows that the Ethereum price rose from $3,042 to $3,212 in the last week alone. Analyst Lark Davis foresees this bullish trend continuing. In his YouTube video, he states that ETH may hit $15,000 soon due to an Ethereum ETF approval.
The technical analysis of Ethereum crypto also supports this prediction. ETH is now trading above its 50—and 100-day EMAs. Because of this, experts in the crypto field predict that Ethereum may soar to $4,699 within Q2 of 2024. This price prediction cements Ethereum's place among the top 10 altcoins.
Shiba Inu (SHIB) is another altcoin trading in the green. According to CoinMarketCap data, the Shiba Inu price skyrocketed from $0.000023 to $0.000027 in the past seven days. Its market cap rose from $13.88B to $16.09B during that period. Crypto analyst Javon Marks predicts a growth to $0.000081 soon, after which another 75% rise will come.
From a technical analysis perspective, this bullish trend may continue. Notably, the Shiba Inu coin trades above its 100 and 200-day EMAs. As a result, market analysts foresee a rise to $0.000040 before Q2 of 2024 ends in their Shiba Inu price predictions.
KangaMoon (KANG) is making a name for itself as Ethereum and Shiba Inu work through market fluctuations. This rising presale star has already obtained over 29,000 registered members and over 6,000 KANG holders. Additionally, it has raised more $5,000,000 and is targeting $6M by the close of April 2024 — the numbers speak for themselves.
According to Yahoo Finance, the Play-to-Earn (P2E) gaming industry could be worth $885M by 2028 and KangaMoon is ready to capitalize on this opportunity. The platform plans to launch a P2E game in which KANG will act as the in-game currency. With this altcoin, users can buy in-game items, upgrade characters and take on exclusive challenges, among other features.
However, what makes KangaMoon stand out is its focus on giving back to its community. KangaMoon offers free KANG to the most active registered members. As a result, countless members are able to earn before the official launch.
KANG is now in Stage 5 of its presale and costs $0.0196 – a 290% rise from its starting price of $0.005. However, market analysts claim this is just the tip of the iceberg. They forecast a potential 100x jump once a Tier-1 CEX lists this crypto in Q2 of 2024. Therefore, KANG may be one of the best altcoins to buy.
KangaMoon has a low market cap of $19.6. Thus, it will rise faster than Ethereum and Shiba Inu by needing fewer new cash injections. Although KangaMoon is a new player in this field, it has strong prospects for growth, making it one of the best altcoins at the moment. If interested in this crypto, sign up for its presale using the links below and obtain a 10% bonus.
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