As a major part of the crypto market has begun to recover from a bearish trend, Dogecoin (DOGE) and XRP (XRP) are being analyzed by investors who want to diversify their holdings. Currently, both projects do showcase a green pattern, but it's unsure if they can meet the growth expectations. In contrast, the Kangamoon (KANG) presale is gaining a lot of traction from the crypto community that's interested in meme coins and P2E mechanics.
Dogecoin to spike in value to $0.98 by the end of the year
XRP can see a significant increase to $0.79 in Q4, 2023
Kangamoon can grow by 350% once it lists on most major exchanges
Investors are worried that Dogecoin (DOGE) might experience negative effects by actions of the FTX exchange. It's pursuing court approval to sell $3.4 billion worth of cryptocurrencies. The FTX exchange held $42 million in Dogecoin on January 17, 2023, alongside other cryptocurrencies.
Moreover, as the crypto market recovers, the Dogecoin price went from $0.059783 to $0.063778. With this momentum in mind, the current Dogecoin price prediction puts the value at $0.098 by the end of 2023. Aside from Dogecoin, other projects have also captured attention and could soon experience growth.
XRP (XRP) has recently recovered in value. The catalyst for this upswing was the positive sentiment surrounding the recent advancements within the XRP Ledger (XRPL).
Moreover, on September 13, 2023, we saw the release of a new version of the Ledger. All server operators need to upgrade to 1.12.0 to be able to vote for amendments.
During the past week, the XRP price was between $0.469010 and $0.504925. Moreover, in the past year, the crypto went up in value by 47.3%. In addition, according to the XRP price prediction, it can reach $0.79 by the end of the year.
Another project that's getting a significant level of attention is Kangamoon (KANG), which will pioneer the next generation of meme coin projects. It will also integrate Play-to-Earn (P2E) elements that will enable players the opportunity to monetize their gaming time.
Subsequently, the platform will offer a unique digital experience, as players can become kangaroo warriors and battle in thrilling boxing matches. Players build their characters and test their skills against competitors on a global scale. By doing so, they get rewards. The rewards will be in the form of virtual currency and rare in-game items that hold value.
The Kangamoon innovative approach goes beyond gaming as it will also feature real-world applications and establish a virtual economy. The project will showcase how blockchain technology can bridge the gap between digital and physical spaces. As players get in-game items, they can sell or trade them in the marketplace .
The KANG native token is trading at just $0.005 currently. As Kangamoon becomes a fan favorite P2E platform, its value will increase significantly. Based on analyst projections, the crypto can grow by 350% once it lists on most major exchanges.
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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.