Kangamoon (KANG), Hedera (HBAR) and Render (RNDR) Has Analysts Excited

23 February 2024

in HBAR

Reading Time: 3 mins read

Hedera, Render, and KangaMoon are soaring following the recent crypto bull run. As many cryptocurrencies face resistance, these altcoins continue to offer consistent returns. Now, as we move into March, crypto experts are excited about how Hedera, Render, and KangaMoon will perform. However, recent analysis suggests that Hedera’s growth could slow down over the next few weeks.

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Metrics Support Bearish Hedera Movement

According to Santiment behavior analytics, current trends suggest that Hedera could enter a correction phase. In the last 24 hours, Hedera’s social dominance metric increased from 0.408% to 1.105%. Furthermore, social volume increased to 93.

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While at first glance this may appear positive, a surge in social volume usually triggers a correction. This is because increased social volume causes a rise in FOMO (fear of missing out). This mainstream attention often pushes projects to a price top, resulting in a pullback.

Nonetheless, Hedera remains one of the market’s most profitable cryptocurrencies in February. Its value has soared 50%, taking Hendera to a 22-month high. Currently trading at $0.111, Hedera has increased by 3.53% in the last 24 hours, suggesting that the altcoin could continue its bullish trend.

Render Surges 53% In One Month

Render recently broke out of a resistance it was stuck behind since mid January. According to experts, this breakout reflects a growing bullish sentiment surrounding Render, which has resulted in an increase in new capital being invested.

According to Render’s 200-day moving average, Render is now at $2.90. This shows that Render has made significant gains over the last 200 days, and investors still remain bullish. Over the last month, Render has increased in value by 53.73%, and RNDR is currently trading at $6.16.

KangaMoon (KANG): Integrating Social-fi And Play-To-Earn

KangaMoon (KANG) recently hit a new all-time high after it sold out during stage one of its presale. Now, as investors flock to this exciting new project, KangaMoon is expected to hit another all-time high before the end of Q1.

This innovative altcoin combines P2E gaming with lucrative social-fi features. These features reward users for actively engaging with the community and will reward presale buyers with additional $KANG tokens if they help share the presale and help it gain traction.

Within its ecosystem, users will be able to take part in a P2E game. Within this game, they’ll be able to battle and customize characters, winning rewards that can then be sold via the KangaMoon marketplace.

Users will also be able to complete challenges for rewards, all while helping build one of the most active DeFi communities in the world.

Stage one of the KangaMoon presale was a big hit. The stage sold out in just a few weeks, showing how popular this new altcoin could become. Since selling out, KANG tokens have increased to $0.0075, and the project has gained a new level of momentum.

KangaMoon Could Disrupt One of the Fastest-Growing Markets

According to Research reports world, the P2E NFT games market is expected to experience a growth rate of 17.93% annually. As part of this market, KangaMoon is poised for significant growth. Experts believe that $KANG tokens could surge by 220% during the project’s presale. Such growth would put KangaMoon among the world’s fastest-growing projects, thus helping it gain significant traction.