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After the bearish correction that affected many cryptos, the center of discussion now revolves around the bull market. In preparation for the impending altcoin season, Stacks (STX) surges slightly on the monthly price chart while Tron (TRX) continues to decline with another dip over the past few weeks. Even while still at presale, KangaMoon (KANG) has emerged as one of the meme coin titans ready to revolutionize the meme coin market.
With the conflicting performance of Stacks and Tron, the KangaMoon prospect is growing among crypto investors. With the traction this project is generating at presale, the token is poised for a huge rise in 2024. At the ongoing 4th stage of the presale, KangaMoon has raised more than $3.4M and could raise $10M before the end of the presale.
By allowing players to come together for an immersive gaming experience, KangaMoon is building a community of meme coin enthusiasts. With weekly, monthly, and quarterly gaming quests available, players not only get to showcase their skills but also earn significantly by winning the quests. Also, KangaMoon considers the spectators, allowing them to earn by betting on match outcomes.
From the starting presale price of $0.0050, KangaMoon has skyrocketed to $0.014, representing 180% ROI for early buyers. KangaMoon also gives holders of its native token a way to earn while still at the presale. With active engagements across the community through commenting on posts and sharing tweets, holders can earn free KANG tokens.
In a few weeks, KangaMoon will end the presale and go live on tier 1 exchanges. While the presale price will continue to increase, investors can use the opportunity of a 10% bonus available at this stage to accumulate as much KANG as possible. With the NFT market billed to reach $200B in 2024, KangaMoon is one of the top meme coins to invest in with a potential to reach $1 in 2024.
Although Stacks (STX) may have surged in the past month, there are concerns that the token may plummet soon. Stacks token made a 12% gain on the monthly price chart with the price moving from $2.25 to $3.77. However, Stacks bearish pullback is beginning to show and that might hinder the ongoing rally.
The Stacks trading volume is declining and that signals less market activity. As a layer 2 technology for Bitcoin, Stacks may leverage the Bitcoin dominance to mount a bullish challenge. As such, the token may trade at $5 in Q2.
Even with the popularity of the Tron (TRX) ecosystem, its native token, TRX, has refused to pump. With many tokens experiencing a huge rise in the past months, the Tron token was only able to move from $0.11 to $0.14, signifying that the token is facing a downtrend.
In the past month, Tron has declined by 16%, while the weekly price chart also shows a slight 2% decline. With the Tron network experiencing consistent growth, as seen from the total account signup, analysts believe it is only a matter of time before the Tron token price picks up.
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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.
