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In the wake of a sporadic surge of Bitcoin that has seen it eclipse $60k, some altcoins are still showing bearish signals. Monero (XMR) and Sui (SUI) have been hovering between the bear and the bull market for the past few weeks. As such, investors may be looking to explore other tokens for substantial profits. Meanwhile, KangaMoon (KANG) is one of the best new meme coins available in the market with the potential to give massive ROI in the future.
With Monero and Sui's fate uncertain, KangaMoon has zoomed to the zenith of the meme coin market, polling investor's attention. Due to its real utility, KangaMoon's ongoing presale has raised over $326,000, with the project set for a defining moment in the bull market. With this great start, analysts project a staggering 220% ROI before the end of the presale.
As a P2E gaming platform, KangaMoon's robust idea of a social-fi model creates room for active user participation on the platform. With KangaMoon, users do not just sit idly as they engage in intense gaming competitions in the form of weekly, monthly, and quarterly challenges. They transact their assets at the in-game marketplace and transform their gaming skills into profitable adventures.
KangaMoon is still at an early stage and investors can get into the project by purchasing the ERC20 token KANG sold for just $0.0075. Those who move in early to the project have realized 50% ROI. The platform is also giving a 10% bonus to those who purchase the token at the current price.
Holders of this token can multiply their earnings through active engagement on the platform activities across their social media handles. Spectators who are only watching the games can also monetize by betting on the outcome of gaming events.
Users can also earn through the referral system by inviting their friends and ensuring they buy the KangaMoon utility token. KangaMoon has a low price point, which means investors can exponentially multiply their earnings if the price doubles or triples. With the NFT gaming market eclipsing $200B in 2024, KangaMoon is one of the best new meme coins to invest in now. Analysts have already predicted a 35x ROI for the token by the end of 2024.
Monero (XMR) started its recent decline in early February after going from $164 to $105. This decline coincided with the aftermath of the Bitcoin ETF, which affected many cryptocurrencies. However, with the market now seeing a massive surge, the Monero price trajectory has changed to bullishness.
In the past week, Monero has gained 15% in price value as the token intends to stabilize around the $140 mark. However, this marginal rise may be short-lived as the token has experienced a decline in the trading volume. Unless the bulls see a massive surge, the Monero price may find it hard to cross the $140 price point.
Sui (SUI) set a new all-time high record on 14 Feb 2024, after reaching $1.96. However, the token suffered a setback in its continuous bullish rally despite gaining 16% in price value in the last 30 days. The decline of the Sui trading volume has also shifted the token's outlook from bullish to bearish.
This was reinforced by the weekly chart, where Sui lost a slight 3% in price value. Even though the Sui price from the past few days is still within touching distance of the all-time high, the bulls need to build more resilience to overcome the present challenges. If the bulls prevail, the token price may reach $3 in the bull market.
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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.
