Altcoins
Altcoins arise as Algorand, NEAR Protocol and KangaMoon Reign Supreme
The altcoin market has seen a rally, with Algorand (ALGO), NEAR Protocol (NEAR), and KangaMoon (KANG) outperforming the broader market. While ALGO and NEAR are well-established altcoins, KANG is a rookie that has gained popularity. In fact, experts suggest that this Level 5 presale sensation could become the next $0.5 altcoin in 2024.
Algorand Price Analysis: Showing Upward Trajectory
Algorand (ALGO) has been making headlines in the altcoin space recently. This member of the top altcoins rose from $0.17 to $0.19 in the last week alone, according to CoinMarketCap data. Additionally, Algorand’s market capitalization increased from $1.43 billion to $1.61 billion. This increase came after Algorand partnered with C3.io – the most active DApp on its network.
From a technical analysis perspective, this bullish trend for the Algorand crypto could continue. For example, 17 technical indicators are flashing green while Algorand is trading above its 200-day EMA. Therefore, market analysts have made a bullish prediction for the price of Alorand. They predict that this altcoin will reach $0.30 before the end of Q2 2024.
NEAR Protocol (NEAR): Altcoin trading in the green
Meanwhile, NEAR Protocol (NEAR) is another altcoin under bullish control. According to data from CoinMarketCap, the price of NEAR increased from $5.62 to $7.13 in the last seven days. NEAR Protocol’s market capitalization increased from $5.94 billion to $7.60 billion during this period.
Technical analysis of this altcoin also paints a bullish picture. Notably, the NEAR Protocol crypto is trading above its 50-day and 100-day EMAs. Additionally, 26 technical indicators show buy signals for NEAR. Experts take note of these factors when making their NEAR Protocol price predictions. Thus, they forecast an increase to $10.53 for NEAR in the second quarter of 2024.
KangaMoon (KANG): among the best Altcoins to buy
KangaMoon (KANG) is an altcoin that has recently gained attention thanks to its presale performance. It has raised more than $5.8 million and could even reach $6 million before the end of April 2024. This presale has attracted more than 20,000 registered users so far. It recently partnered with RiotSharks, introducing raids and a $1,000 monthly reward pool, further boosting its popularity.
Essentially, KangaMoon aims to tap into the Play-to-Earn (P2E) gaming market, which could reach $885 million by 2028. It will achieve this by launching its own P2E game, in which KANG will serve as the primary in-game currency With KANG, anyone can purchase in-game items and upgrade their characters, giving this altcoin real utility.
In addition to this decision, the offer of free KANG tokens caused a lot of noise among members of the KangaMoon community. To clarify, KangaMoon is now offering free KANG to most active users ahead of launch. This has led to increased activity on various social media platforms like X.
The initial presale price of $0.005 has already increased by 290% and now stands at $0.0196 for one KANG. However, this is a Level 5 price, and further price increases will occur as it moves forward. Experts predict a rise to $0.5 once a Tier 1 CEX lists this altcoin in the second quarter of 2024. Therefore, KANG could become one of the top altcoins.
Will KangaMoon surpass Algorand and the NEAR protocol?
KangaMoon stands out in the altcoin space because its market capitalization is low, at just $19.6 million. This makes it more likely to outperform Algorand and NEAR Protocol, as it requires less money for its price to skyrocket. If you want one of the best altcoins, sign up for its presale now and get a 10% bonus.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
