While many cryptocurrencies continue to recover as the bear market draws to a close, traders are rapidly accumulating some top altcoins as they record impressive performances in the market. These altcoins namely Polkadot, Avalanche, Thorchain, and Near protocol have distinguished themselves among the rest with analysts projecting most of them for a breakout. In the same vein, traders rush to accumulate KangaMoon (KANG), a new cryptocurrency centered on transforming the GameFi industry with experts touting it as one of the best cryptocurrencies to buy.
KangaMoon (KANG) has surpassed expectations since the beginning of its presale stage, standing out among other new tokens in the presale market. Having raced to the bonus presale stage, KangaMoon has now raised nearly $7M in presale funding with expectation to hit the $8M funding milestone before the end of the campaign. This impressive performance has increased its status in the altcoin market, with traders and crypto enthusiasts flocking to its network.
In particular, KangaMoon merges the intricate qualities of GameFi and SocialFi to creates a unique ecosystem dubbed “Kangaverse” where traders can earn a living by engaging in different thrilling activities. Notably, KangaMoon’s Play-to-Earn mechanism provides activities such as battle-themed contests and speculative betting as well as special giveaways that users can engage in in a bid to win rewards which comes in the form of the native $KANG token, and other valuable in-game items.
Currently, in its bonus stage, KangaMoon has enjoyed massive success since the start of its presale. The platform’s network recently announced a revenue of over $6.9M, and is on the verge of reaching $8M before the end of the month. Aside from this, the token has surged from its initial price of $0.005 to its current price of $0.025, with early buyers recording profits of over 400%.
Being a community-centered token, the KangaMoon ecosystem values its token holders and users’ contribution, giving them the governing authority to participate in decisions-making processes on its platform. This has further contributed to KangaMoon’s growth as it currently boasts over 32,000 registered members consisting of 6,000 plus token holders. At this pace, market analysts have projected the price of KANG token to hit $1 before the end of the year, positioning it among the best crypto to buy now.
Aside from its numerous impressive features, Polkadot’s recovery in the market has been quite incredible. In the last year, the token surged by over 40%, highlighting its resilience in the broader market. Its weekly and monthly performance has also been quite impressive with the token witnessing a massive adoption rate in recent times.
Currently one of the most popular cryptocurrencies in the altcoin market, Polkadot has established itself as a mainstay token in the crypto industry. Its network boasts a unique interoperability feature known as “parachains” that enables independent blockchains to connect and interact with each other, boosting efficiency across the blockchains.
Furthermore, the Polkadot network is known for its speed and scalability features which enable users to execute transactions in a quick and safe manner. Despite the recent bearish run, Polkadot (DOT) has maintained its stance, demonstrating resilience amidst volatility. This has increased the optimism surrounding the token, with analysts touting it to break out very soon.
Since its launch in 2020, top altcoin, Near Protocol (NEAR) has enjoyed a significant market presence. Its unique features set it apart in the crypto market especially for traders looking for amazing features and technology. Notably, NEAR protocol operates as a Proof of Stake (PoS) blockchain, utilizing the Nightshade sharding solution to distribute the computational workload into manageable chunks
With this innovative approach, Near Protocol has established itself as one of the top altcoins to buy. Currently boasting a market cap of over $8B, and a weekly price range of $6.90 and $8.00, market analysts are highly optimistic about Near Protocol’s future. Aside from that, its status in the altcoin market has strategically placed it in a vantage position, with the NEAR token threatening a resurgence.
Thorchain’s ascent in the cryptocurrency market has been quite commendable. In the last year, Thorchain (RUNE) has recorded a rise of over 490%, solidifying its status as a formidable force in the altcoin market. Laden with impressive features and a distinct roadmap, Thorchain has garnered the attention of traders and crypto enthusiasts, with many rushing to partake in its success.
While the cryptocurrency market continues to exhibit some sign of resurgence, RUNE price has maintained a positive trajectory, following a minor setback earlier in the week. However, currently trading within a weekly price range of $6.11 to $6.45, market experts have raised optimism around Thorchain, projecting the token to surge further in the coming weeks.
Avalanche (AVAX) is a decentralized network known for its high efficiency and speed in executing transactions. Since its launch, Avalanche network has been recognized as one of the top altcoins, introducing DeFi solutions to the altcoin market. In the last year, the native AVAX token recorded a surge of over 170% sealing its position as a top contender in the market. This has drawn the attention of crypto enthusiasts and traders to its network.
Boasting a market cap of over $15.8B, Avalanche has witnessed massive adoption in recent times with buyer interest also rising at an alarming rate. This success can be attributed to Avalanche’s impressive features and its resilience despite the market’s volatility. With analysts predicting it to reach and surpass its previous ATH, AVAX token is currently one of the best cryptocurrencies to buy this year.
KangaMoon’s recent listing on CoinMarketCap and CoinGecko has placed it in the spotlight. Also with an imminent listing on a top-tier centralized exchange in the coming months, market experts have projected the KANG token to reach unprecedented heights, making it a good buy in the altcoin market.
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