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Both Bitcoin Cash (BCH) and Cardano (ADA) have crashed in value in accordance with the broader market correction, which has left many investors and traders worried about the future of these altcoins.
Those seeking for ways through which they can diversify their holdings and get far more value, have come across KangaMoon (KANG), which just finished its presale and is ready for the moon, especially following its latest major-exchange listings. Today, we will go over the on-chart metrics behind these cryptocurrencies to see which one can leap ahead the most. By the end, we will determine which is the top crypto to invest in for 2024 and beyond.
Bitcoin Cash (BCH) is falling in value at a rapid basis, where it's seen a 15% decline during the past month, which is in accordance to the broader market bearishness. Moreover, the Bitcoin Cash crypto saw a spike to $403, before falling back to the lowest point at $349, and eventually finding support at $395. The Cardano Foundation has outlined a detailed framework for governance reform. This initiative coincides with the upcoming Chang hard fork, a significant upgrade for the Cardano blockchain, but this did not lead to a price increase.
Now, for the Bitcoin Cash price to reach new heights, it needs to first surpass the major $410 price barrier. If it does so, sentiment can shift in a bullish direction, and according to the Bitcoin Cash price prediction, it can end Q4 of 2024 at $668.48.
Cardano (ADA) has displayed bearishness on the charts, dipping in value by 8%. During the previous week alone, the lowest point for the Cardano price was at $0.369, while the highest point was at $0.396.
Now, the Cardano crypto needs to surpass the $0.40 price barrier to regain momentum, catch trader attention, and leap to new heights. While the value is currently volatile for BCH, according to the Cardano price prediction, it can end Q4 of 2024 at $0.5228
KangaMoon (KANG) has concluded its presale with major success, as it's raised over $8 million, which showcased the dedication traders and investors have in the future of the project. Moreover, those who jumped into it early gained high ROI, as the crypto spiked 400%, rising from $0.005 to $0.025. The key catalyst for its growth are the Social-Fi elements, and the Play-to-Earn (P2E) ecosystem. Over 32,000 users signed up for the presale, and as a result, sentiment on its future is bullish, positioning it as the top crypto to invest in.
The KangaMoon platform offers a Play-to-Earn (P2E) ecosystem designed to enhance user engagement and platform activity, where users can create unique characters, participate in competitive activities, and even earn in-game rewards. Moreover, the Social-Fi elements reward active community members, and foster a strong community spirit.
KangaMoon has already been listed on CoinGecko, CoinMarketCap and Uniswap. The project is actively pursuing expansion by securing listings on prominent cryptocurrency exchanges such as BitMart and MEXC. These potential exchange listings could present an entry point for new investors who missed the presale opportunity, as analysts project a 100x price increase following this launch, and as such, it has emerged as the best crypto to invest in now.
The crypto market is experiencing a period of correction, with Bitcoin Cash and Cardano needing some time to truly recover. However, KangaMoon has stood out as it incorporates a P2E ecosystem where users can create characters, participate in battles and tournaments, and earn rewards in KANG tokens. This gamified approach has the potential to increase user engagement and platform adoption, making it the best crypto to invest in now.
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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.
