So far into the year 2024, a lot of top altcoins have witnessed a fair share of market volatility. Amid the volatility in the crypto market, KangaMoon (KANG) has shown consistent momentum since it started its presale phase.
Meanwhile, Cardano (ADA) has dipped significantly in price value with an uncertain price projection for the future. Similarly, the EOS (EOS) token has lost notable price value. However, the token may be on its way to rebounding. Let's find out more below.
KangaMoon (KANG) Continues its Surging Momentum Ahead of Launch Date
The KangaMoon (KANG) project is increasingly garnering interest from crypto traders and meme enthusiasts. For context, over 22,000 members have already joined the KangaMoon platform, which is a hybrid of a play-to-earn and a protocol for social interaction. The blueprint of the KangaMoon project has proven to be unique, generates revenue for gamers, and entertaining for its members.
Meanwhile, the KANG token has amassed over 290% in price gains since the start of its presale. Moreso, experts are confident that the KANG presale is likely to generate an additional 700% in value before its launch. While there is yet to be a set date for KANG's launch, the project is looking to go live in Q2 and has started making plans toward it.
The KANG token is expected to launch on the Uniswap exchange. The token will be expected to make inroads into tier 1 exchanges such as Binance OKX, etc. Meanwhile, traders can buy the KANG presale now at the price of $0.0196. Buying the token now could be one of the best crypto investment moves in 2024 as it'll position one for the potential 700% price gain of KangaMoon.
Overall, KANG represents one of the top altcoins to invest in now, given its massive potential to become a blue-chip crypto in the near future.
Cardano (ADA) Falls to its Lowest Value in 2024
The price of Cardano (ADA) has witnessed a significant bear trend in the past few weeks. Since Cardano reached the year-to-date price peak of $0.74 in the middle of March, the altcoin has retraced significantly.
In the process, Cardano's price support level of $0.5 was broken as the token now trades below its support level. These stats and the fact that Cardano's trading volume is on the decline signal that KangaMoon will outperform it in 2024.
Can EOS (EOS) Establish Support Above $1
The EOS (EOS) token has wallowed below the $1 mark for most of the past year. The EOS altcoin only surpassed the $1 mark at the start of March but fell off after witnessing a sharp dip in price value.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Currently, EOS’s price is looking to establish support above the $0.8 threshold. Extended support without further retracement could see EOS trigger a rally that could propel it above the $1 mark. It is left to see whether EOS could whither the bear storm by maintaining support above $0.8. Meanwhile, the EOS trading volume and market cap is on a downtrend and that could form a barrier to the projected tokens resurgence.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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