Sony Group has entered the cryptocurrency market through the acquisition of Amber Japan, which has now been rebranded as S.BLOX. They now plan to overhaul the WhaleFin service, and will improve the user-interface whilst launching new applications.
Alongside this, Sony will leverage its resources to innovate within the regulated Japanese crypto market, and now many are asking how this can affect the price performance of Binance Coin and KuCoin. However, a new crypto has dominated the charts after the conclusion of its presale where it raised over $8 million, and that’s KangaMoon. To see which crypto can climb in value the most, we will go over their on-chart metrics individually.
Binance Coin (BNB) is at an uptrend during the past week, as its value has surged above the $580 price barrier. According to the Binance Coin price chart, on a weekly level, it has moved up from $565.99 to $586.71.
Moreover, the annual Binance Coin price chart is indicative of a 140% uptrend, and if it keeps up this momentum, it can reach new heights in 2024. Based on the Binance Coin price prediction, the furthest point it can reach in 2024 is at $765.42.
KuCoin (KCS) has also been at an uptrend, climbing 10% within the span of a week. This enabled the KuCoin crypto to surpass the $10 price barrier, where it peaked at $10.11. The weekly price chart is indicative of broader bullish momentum, yet, the KuCoin price is not near its all-time high (ATH), where it reached $28.82 on December 1, 2024. According to the KuCoin price prediction, it can end Q4 of 2024 at $13.50.
KangaMoon (KANG) successfully concluded its presale, surpassing initial targets by raising over $8 million. This impressive fundraising signifies strong investor interest and confidence in the project's future potential. Early participants enjoyed significant ROI, with the token price experiencing a 400% increase from $0.005 to $0.025 during the presale period. The project attributes its presale success to two key features: a Play-to-Earn (P2E) ecosystem and Social-Fi integration.
KangaMoon offers a P2E environment designed to drive user engagement and platform activity. Users can create unique characters, participate in competitive events, and earn in-game rewards through tokens. This model incentivizes active participation and fosters a sustainable user base, especially as the game will launch soon.
The platform incorporates Social-Fi elements that reward active community members with free tokens. This fosters a strong sense of community, promotes brand awareness, and encourages user engagement. Already, over 32,000 users have signed up for the platform, demonstrating significant early excitement and potential. In addition, KangaMoon staking went live, enabling anyone to utilize these tokens for additional capital gains.
KangaMoon is currently listed on CoinGecko and CoinMarketCap, and major exchanges like Uniswap and BitMart. These potential exchange listings could present an attractive opportunity for new investors who missed the presale. Latest projections suggest a potential 100x price increase at launch, making KangaMoon a potentially lucrative investment for those interested in the Play-to-Earn and Social-Fi space, especially as it reached a market cap of over $100 million, and could potentially hit a billion by the end of the year.
It's clear that Binance Coin and KuCoin were not negatively affected, and could soon experience a price uptrend. However, all eyes are on the KangaMoon crypto, as it is projected to spike 100x, especially with the upcoming launch of the dedicated game.
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