Altcoins
Ethereum Witnesses Its Largest Network Growth
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Ethereum (ETH) is experiencing extraordinary network growth, representing a historic development. Simultaneously, altcoins such as THORChain (RUNE) or KangaMoon (KANG) are gaining ground within the crypto industry. Many analysts claim that KANG, currently in stage 5 of its presale, is the next $1 altcoin in 2024.
Ethereum (ETH): exceptional network growth
Ethereum (ETH) has been making headlines in the crypto market recently. According to crypto analyst Ali Martinez, this altcoin has seen its strongest network growth over the past 12 months. Notably, Glassnode shows that around 139,560 new ETH addresses were created on April 29.
Ethereum’s price action has seen a 62% jump in the past year alone, with a market capitalization of $356 billion. Additionally, the Ethereum crypto is now trading above its 100-day and 200-day EMAs, while nine technical indicators are flashing green. For this reason, experts predict that Ethereum will reach $3,775 before the end of the second quarter of 2024.
THORChain (RUNE): over $10 billion in trading volume
Meanwhile, THORChain (RUNE) has also made some waves in this space. For example, THORChain announced that March 2024 was the first month with a trading volume above $10 billion. This step is important because it shows the level of attention this altcoin is receiving.
THORChain price has surged 280% on the chart since the start of the year and its market cap has reached $1.65 billion. Additionally, THORChain coin is trading above its 100 and 200 day EMAs. As its RSI stands at 60, experts remain optimistic. They predict that RUNE will reach a value of $6 during the second quarter of 2024, making it one of the altcoins to watch.
KangaMoon (KANG): an upcoming member of the Top 10 Altcoins
KangaMoon (KANG) is quickly gaining popularity as an altcoin. Many traders are attracted to it thanks to its excellent presale performance. For example, KangaMoon has secured over $6 million, and is expected to reach $7 million before the end of May 2024. Additionally, 20,000 registered community members and 6,000 holders of this altcoin.
The Play-to-Earn (P2E) gaming industry is expected to reach $885 million in 2028, which represents a good opportunity for KangaMoon. For this reason, it will create a P2E game in which players will use the KANG token as in-game currency. In other words, players can use this altcoin to purchase in-game items, access challenges to obtain tokens additional, and much more.
KangaMoon also focuses on its community. For example, KangaMoon is now offering free KANG to its most active community members before the presale ends. So, traders are rushing to like and share KangaMoon’s posts on social media to earn this altcoin for free.
KANG is now at stage 5 of its presale and is worth just $0.0196 – a 290% pump from its starting price of $0.005. However, experts are optimistic about KANG as it is still in its early stages. They predict a pump to $1 once a Tier 1 CEX lists KANG in the second quarter of 2024. With this price prediction, KANG emerges as one of the best altcoins to buy.
Will KangaMoon provide faster returns than Ethereum and THORChain?
With a low market cap of $19.6 million, KangaMoon could generate faster returns than Ethereum or THORChain. Indeed, it requires fewer new flows of money to increase prices. As a result, KangaMoon could become one of the top 10 altcoins in 2024. To learn more, follow the links below and get a 10% bonus on every purchase.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
Website: https://Kangamoon.com/
Join our Telegram community: https://t.me/Kangamoonofficial
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