Altcoins
Why are Ripple and Solana rising amid this market decline? New Altcoin KangaMoon Raises $6 Million
Despite a market slowdown, Ripple and Solana continue to rise in value while a new altcoin, KangaMoon, gains $6 million during its ongoing presale.
During the crypto market decline, two altcoins saw numerous developments that drove the price higher: Ripple (XRP) and Solana (SOL). In addition to this, a new altcoin called KangaMoon (KANG) has also made waves in this space. This Stage 5 pre-sale star has secured over $6 million so far. Many analysts suggest that KANG could become the next $1 altcoin in 2024. Let’s see why.
Ripple Crypto Surge and Direct Lending Proposal
Even though the crypto market is down, Ripple (XRP) has shown some resilience. Among the many things driving Ripple’s continued growth is the idea of implementing direct lending on the XRP Ledger. According to RippleXthis lending protocol will provide simplicity and a modular and flexible design.
Over the past year, Ripple coin has seen a rise of 12.29%. Ripple’s market capitalization stood at $28.81 billion during this period. Experts remain optimistic, as seven technical indicators are flashing green for this altcoin. They predict a potential rise to $0.66 for Ripple before the end of Q2 2024.
Solana-Bitcoin Bridge Gets Release Window
Solana’s (SOL) strong ecosystem and growing adoption have driven its price higher amid general market volatility. Zeus Network announced a cross-chain bridge between Solana and Bitcoin named Zeus Program Library, which will be launched in the third quarter of 2024. This development also contributed to the bullish case for the Solana coin.
The price of this altcoin surged 520% with a market capitalization of $61.62 billion. With eleven technical indicators in Solana’s buy zone, market analysts are confident in its long-term growth potential. They predict a rise to $177 for Solana in the second quarter of 2024.
KangaMoon (KANG) Presale Expected to Reach $7 Million
Amidst all this market madness, KangaMoon (KANG) is a new altcoin that has attracted a lot of attention from traders. The project’s presale raised $6 million, an impressive feat that shows people are interested in this altcoin. It could even reach $7 million before the end of May 2024.
Essentially, KangaMoon is tapping into the thriving Play-to-Earn (P2E) gaming market, which is expected to reach $885 million by 2028. It will do this by creating its own P2E game. In this game, you can use the KANG token as your in-game currency. With this altcoin, you can purchase in-game items and upgrade your characters.
What makes KangaMoon one of the best altcoins is its community focus. For example, KangaMoon is now offering free KANG tokens to its most active community members. So, more than 20,000 registered community members are now rushing to like/share/comment on KangaMoon’s posts on social media.
Currently, this altcoin is worth $0.0196 in stage 5 of its presale, a 290% jump from its starting price of $0.005. More than 6,000 people now hold KANG and demand is strong. Experts predict a potential increase to $1 once a Tier 1 CEX lists KANG in the second quarter of 2024. This makes KANG one of the best altcoins around.
What sets KangaMoon apart from Ripple and Solana?
KangaMoon’s market capitalization is only $19.6 million, which differs from Ripple and Solana. This means that there could be a rapid increase in prices if the inflow of new funds is relatively small. With this advantage, KANG could dominate the altcoin space. If you want one of the best altcoins, sign up for its presale 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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