Altcoins
Are BNB and SOL losing their spark? What the data tells us about KANG’s popularity
Nowadays, traders have changed their interest in the cryptocurrency 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 newbies. In fact, numerous analysts suggest that KANG, which is now in the pre-sale bonus stage, could rise 100x in 2024.
Binance Coin (BNB) may post gains after a major development
Recently, Binance Coin (BNB) has been showing bullish signals. For example, data from CoinMarketCap shows that the value of BNB has increased by more than 90% in the last year alone. This bullish trend is expected to continue Reuters reports it that Binance has re-registered with the Financial Regulatory Authority of India.
With this development, Binance may resume its operations in India after the previous ban. A recovery may be on the way for Binance Coin. This altcoin is trading above its 100-day and 200-day EMAs, boasting 27 green technical indicators. Due to all this bullish news on Binance Coin, experts are predicting a rise to $720 before the end of the second quarter of 2024.
Solana (SOL) maintains its position among the top altcoins
Meanwhile, Solana (SOL) has made a name for herself. The price of this altcoin has increased by more than 600% in the last 12 months. During that time, Solana’s market capitalization rose from $8 billion to $65 billion. All signs indicate that this recovery will continue Solana announced has integrated Bubblemaps which brings improvements to SOL’s data analysis and visualization support.
Not only that, Solana’s crypto technical analysis is also bullish. For example, for this altcoin in the buy zone there are 20 technical indicators. As a result of this bullish news on Solana, prominent market analysts predict that it could reach a value of $147 by the second quarter of 2024. Therefore, SOL is still one of the altcoins to keep an eye on.
KangaMoon (KANG): exceptional pre-sale numbers
Market data analysis clearly shows that KangaMoon (KANG) is gradually becoming preferred to Binance Coin and Solana. Social media mentions and community engagement metrics support this view of KangaMoon’s explosion in popularity. In its ongoing presale, it has already raised over $6.60 million and boasts nearly 10,000 KANG owners.
This popularity can be attributed to KangaMoon’s Play-to-Earn (P2E) and SocialFi elements. To clarify, KangaMoon will be launching a P2E game where you can win KANG tokens by competing in tournaments and winning battles. In this game, the KANG will become the main currency of the game. You can purchase 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 led to countless traders interacting 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.
A KANG is worth just $0.025 in the bonus phase of the pre-sale. So far, first-time buyers are seeing a 400% ROI. This number is expected to increase as KangaMoon has confirmed two upcoming CEX listings. Therefore, experts predict a 100x jump for KANG by Q2 2024, making it one of the best altcoins.
What gives KangaMoon an edge over Binance Coin and Solana?
Unlike Binance Coin and Solana, KangaMoon has a low market capitalization of $25 million. Analysts point to this fact as an advantage since it will need fewer new funds to raise its price. Furthermore, KANG has ties to the P2E gaming market, which is expected to reach $8856 million by 2028. This is why KANG’s popularity is growing as it prepares for its official launch.
Discover exciting KangaMoon (KANG) presale opportunities today!
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