Cryptocurrencies have proven to be a viable alternative to fiat currency. They have proven to be more stable and offer holders good returns. Chainlink (LINK) and THORChain (RUNE) have witnessed massive rallies in the past before the current market correction pushed them to a downtrend. Holders are now diversifying to the KangaMoon (KANG) project. With the surging momentum of the presale, there is no doubt that KANG is one of the top cryptos to buy now for significant gains in the long term. More details below.
Despite the popularity of Chainlink and THORChain, their recent downtrend has led to many token holders moving towards the KangaMoon project. The huge success that KangMoon has recorded in the presale so far is also a major reason why the project has garnered much attention. The token which started the presale at a floor price of $0.005, is now trading at $0.014
That means early investors have over 180% ROI. The surging demand for the token has led to the team raising over $2.3M in the ongoing presale while targeting $3M before month's end. Meanwhile, users who buy KANG now will get an additional 10% bonus. The team is already making plans to list the token in a top-tier 1 CEX exchange in Q2.
Also, some analysts have projected an over 50x rally in the coming months and that could invariably take the KANG price to over $0.1 soon. With such positive momentum, KANG could outshine popular meme coins like Dogecoin and Shiba Inu soon. When launched, KangaMoon will integrate the social-fi model and P2E NFT gaming to give users a lovely experience.
Users can compete with counterparts across the world and earn tokens. Every challenge is a chance to earn and every victory counts and translates into real-world value and rewards. KANG holders can also earn more tokens when they join to promote the project on social media. Above all, KangaMoon is set to open the $176B games market to everyone.
Chainlink (LINK) was one of the top cryptos to buy earlier in the year when it witnessed a massive rally. However, the latest market downturn has seen the token struggling with the bear trend. Data from CoinMarketCap shows a 16% decline in the past week and 14% in the past month.
While the Chainlink token is witnessing increased trading activity, as confirmed by the increasing trading volume, the declining price value is a source of concern. Chainlink's price has dropped below the $18 support level for the first time in days. Also, the market cap is decreasing. However, some analysts think that the increasing market activity could lead to a resurgence soon.
THORChain (RUNE) is one of the tokens that have performed well in the past few weeks. According to data from CoinMarketCap, the THORChain price increa
sed by 39% in the past month. However, the weekly price chart shows a 24% decline in price value.
The drop in the weekly chart could be related to the ongoing crypto market downturn in which many token price curves are heading downwards. Meanwhile, THORChain already tested the $10 resistance zone a few days ago and the possibility of a retest is high. That's based on THORChain trading volume which has witnessed slight growth in the past week. Some analysts believe a resurgence could lead to a rally. As such, they maintain their earlier forecast of the token price reaching $20 in Q2.
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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.