Nowadays, traders have changed their interest in the crypto market, with emerging altcoins like KangaMoon (KANG) taking center stage. Data trends indicate a shift from top altcoins like Binance Coin (BNB) and Solana (SOL) to these rookies. In fact, numerous analysts hint that KANG, which is now in the Bonus Stage of its presale, may soar by 100x in 2024.
Binance Coin (BNB) May Experience Gains After Major Development
Recently, Binance Coin (BNB) has been showing bullish signs. For example, CoinMarketCap data shows that the BNB value surged over 90% in the past year alone. This bullish trend is predicted to continue as Reuters reports that Binance has registered with India’s financial regulator again.
With this development, Binance may resume its operations in India after its previous ban. An upswing could be coming for the Binance Coin. This altcoin trades above its 100 and 200-day EMAs while boasting 27 green technical indicators. Because of all this bullish Binance Coin news, experts foresee a surge to $720 before Q2 of 2024 ends.
Solana (SOL) Maintains Its Position Among the Top Altcoins
Meanwhile, Solana (SOL) has made a name for itself. This altcoin’s price soared over 600% in the last 12 months. During that time, the Solana market cap rose from $8B to $65B. All signs point to this upswing continuing as Solana announced it has integrated Bubblemaps which brings enhancements to the data analytics and visualization support of SOL.
Not only that, the Solana crypto technical analysis is also bullish. For example, 20 technical indicators are in the buy zone for this altcoin. As a result of this bullish Solana news, prominent market analysts predict that it may reach a value to $147 within Q2 of 2024. Thus, SOL is still one of the altcoins to watch.
KangaMoon (KANG): Outstanding Presale Numbers
Market data analysis clearly shows that KangaMoon (KANG) is gradually becoming preferred over Binance Coin and Solana. Social media mentions and community engagement metrics support this view of KangaMoon’s popularity explosion. In its ongoing presale, it has already raised over $6.60M and boasts nearly 10,000 KANG holders.
This popularity can be attributed to KangaMoon’s Play-to-Earn (P2E) and SocialFi elements. To clarify, KangaMoon will launch a P2E game where you can win KANG tokens by competing in tournaments and winning battles. In this game, KANG will become the primary in-game currency. You can buy in-game items and upgrade your characters with this altcoin.
But KangaMoon shines in its SocialFi aspect. KangaMoon rewards its most active users with free KANG tokens before its launch. This has resulted in countless traders engaging with KangaMoon’s social media content to earn this altcoin for free. As a result, KangaMoon boasts the most active community in the crypto space.
One KANG is worth just $0.025 in the Bonus Stage of its presale. Early buyers are experiencing a 400% ROI so far. This number is projected to grow as KangaMoon has confirmed two CEX listings coming soon. Therefore, experts predict a 100x jump for KANG within Q2 of 2024 – making it one of the top altcoins.
What Gives KangaMoon an Edge Over Binance Coin and Solana?
Unlike Binance Coin and Solana, KangaMoon has a low market cap of $25M. Analysts point to this fact as an advantage since it will need fewer new funds for its price to surge. Additionally, KANG has ties to the P2E gaming market, which is projected to reach $8856M by 2028. This is why KANG’s popularity is growing as it prepares for its official launch.
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