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Despite the ongoing bull run in the crypto market, price volatility remains a major concern as several altcoins are suffering from this phenomenon. Lately, both Chainlink (LINK) and Aptos (APT) crypto coins have been faced with heavy fluctuations and volatility that is threatening their prices. While Aptos is suffering from a weekly decline, Chainlink token has significantly dropped from its weekly peak price of $22.06 largely due to fluctuations. Meanwhile, KangaMoon (KANG) token is still burgeoning in the meme coin space. The new utility meme token has hit over $1.6M in presale funding while still in the third stage of its presale.
With the potential to attract a highly significant portion of traction and influence in the cryptocurrency market. KangaMoon (KANG) is poised to reach $1 by the end of Q4, positioning itself among the most lucrative meme coins of 2024. Essentially, KangaMoon aims to transform the meme coin space, distinguishing itself as a utility-based token and play-to-earn project that offers enticing rewards for user engagement.
KangaMoon also embraces a community-centric ethos, and as such, incentivizes active users even during its presale phase. Particularly, users can earn the native KANG token by engaging in social media activities like sharing posts and leaving comments. Notably, these tokens have seen a significant surge in value, increasing from an initial price of $0.005 to reach $0.01125.
This remarkable growth also represents an impressive return on investment of 125% for early adopters. Currently in its third ICO stage, KangaMoon has already raised over a million dollars. Additionally, its plans to list on tier-1 exchanges will enhance its utility and popularity, offering users the chance to earn KANG tokens and other in-game items through battle contests and contest betting in a P2E ecosystem.
With growing interest among Play-to-Earn gamers and institutional investors, analysts project that KangaMoon's fundraising efforts will exceed $2M by month's end, further solidifying its status as one of the best new meme coins right now.
Earlier this week, Chainlink approached a peak price and its resistance level of $22.06, marking a significant step as the token hasn't seen a similar rise since its ATH in 2021. However, fluctuations have hit Chainlink again, forcing its price to drop to a $20 range. Currently Chainlink token holds in a weekly price range of between $19.27 and $21.71.
While the Chainlink has only progressed by 6.69% in the past seven days and 3.35% in the past month, it is maintaining a positive momentum while facing several fluctuations along the way. Additionally, Chainlink has reportedly made over 217% progress from this time last year till now.
The price of Aptos has gained by over an impressive 48.21% in the past month, however the token may lose some of this progress if weekly decline continues. Currently, Aptos crypto is losing by 3.39% in the past 7 days, following a series of losses and bears that has kept Aptos below its support price of $14.1404.
Currently Aptos holds in a tight weekly price range of $12.47 and $13.86, however considering its buoyancy as one of the top 30 cryptocurrencies by market cap, Aptos may surpass its all-time high of $19.92 this year.
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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.
