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Analysts expect growth in 2024 for these three cryptocurrencies
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Find out the latest news in the cryptocurrency market as Hedera, Bonk and KangaMoon emerge as potential investment opportunities for 2024.
With a diverse list of cryptocurrencies, selecting which tokens to invest in can be tricky. However, among the long list of crypto options, some tokens seem to be gaining ground thanks to their innovative features and technologies. For traders looking to identify crypto tokens to buy in 2024, Hedera (HBAR), Bonk (BONK), and KangaMoon (KANG) may be worth exploring.
The three cryptocurrencies have made headlines thanks to their recent market performance, with Hedera up 100% following news of BlackRock’s tokenized funds. Bonk, on the other hand, surged 18.30%, causing a frenzy in the market as KangaMoon nears its $6 million presale target, having sold 69% of presale tokens.
CrediBull suggests a potential collaboration between Hedera and BlackRocks for tokenized funds
In a turn of events, Hedera saw the price of HBAR increase by more than 100% on Tuesday morning. The Hedera coin price started from a low of $0.0875 and rose to a price of $0.1821 by Wednesday. This rally was triggered by news about BlackRock’s tokenized fund (BUIDL), which raised expectations among Hedera coin investors about a potential collaboration between the Hedera protocol and the well-known asset manager. The news is likely what caused Hedera’s price prediction to increase.
however, the announcement it also confused Hedera investors who believed that BlackRock would directly tokenize the fund within the Hedera network. Furthermore, after a deeper analysis of the announcement, crypto analyst CrediBull shed some light on the situation pointing out that BlackRock’s explicit permission was not needed to list tokenized versions of their funds. Following the clarification, HBAR price was retraced to $0.1200 according to CoinMarketCap, but still recorded an 8% increase over the last day.
Bank price increased by 18.30% in one day
Bonk’s recent price surge appears to have caught the attention of investors and traders. Bonk price indicates an increase of 18,305 in the last day. This increase in the price of Bonkcoin was accompanied by an increase in trading volume of BONK coins, which also saw an increase of 28%.
However, at first glance the Bonk coin price seems optimistic. Several underlying factors appear to be of concern among market participants. This includes Bonk coin’s daily RSI, which stands at 62.62, indicating a neutral position that suggests Bonk may not be decidedly oversold or overbought at the moment. Trading at around $0.00001439 and $0.00002880, according to CoinMarketCapBonk remains a potential coin to invest in. Other analysts’ price forecasts for Bonk also supported this, showing positive momentum in the coming days.
KangaMoon nears completion of pre-sale after selling over 70% of tokens
KangaMoon has positioned itself in the spotlight in the memecoin market by providing a platform that will change the way people interact with memecoins. Leveraging blockchain technology, KangaMoon will seamlessly integrate both the GameFi and SocialFi models, providing a sustainable and scalable solution for its ever-growing community of meme and gaming enthusiasts.
Participants will be able to engage in various activities within the platform, including creating personalized in-game characters, speculating or placing bets, and engaging in incentivized contests. Users can also trade rewards, including high-value game assets, within KangaMoon’s dedicated marketplace.
One of KangaMoon’s features is its commitment to inclusivity and sustainability, which fosters a community-driven ecosystem where participants have a say. With a solid infrastructure and unique features, KangaMoon aims to redefine the decentralized finance landscape, making it a potential crypto coin for savvy investors.
Meanwhile, KangaMoon continues to gain investor interest, having sold over 70% of tokens in pre-sale. With a 290% ROI for early investors, KANG tokens are worth just $0.0196.
To know more about KangaMoon, visit the website or join Telegram community
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