Altcoins
Why Traders Are Obsessed With This New Altcoin and Abandoning Others
Traders in the cryptocurrency market are always looking for the next big opportunity. Recently, KangaMoon (DOG) has established itself as the new altcoin that has captured the interest of traders who have started to move away from Pepe (PEPE) and Ethereum Name Service (ENS).
This freshman has seen some major Tier-1 listings recently, which could spark a 50x rally soon. Read on to learn more.
KangaMoon (KANG): A future member of the Top 10 Altcoins
KangaMoon (KANG) has been making headlines in the altcoin space. Recently, BitMart and MEXC announced that they have listed this cryptocurrency on their exchanges. With this development, countless new traders can access this altcoin, grabbing a lot of attention in the industry.
For example, KangaMoon presale was one of the hottest presales of 2024, raising over $8 million and 32,000 registrations. Not only that, the price of this altcoin increased from $0.005 to $0.025, a growth of 400%. KangaMoon costs only $0.05, a 900% ROI for those who purchased it early. Global traders are happy with this community-driven project.
At its core, KangaMoon taps into the P2E gaming industry, which is expected to be worth $8.856 million by 2028. It does this by combining P2E gaming elements with SocialFi. As such, KangaMoon allows users to participate in tournaments to win free KangaMoon tokens. The most active members of the community also get rewards such as free tokens.
For all these reasons, market analysts remain optimistic about KangaMoon’s long-term growth potential. In fact, they predict that KangaMoon’s price could increase 50 times once another Tier 1 CEX lists it in Q3 2024. Even popular influencers like YouTuber Michael Wrubel I believe KangaMoon could soon become one of the best altcoins.
Pepe (PEPE): An Altcoin That Continues to Rise
Pepe (PEPE) is another altcoin to watch. Cryptocurrency analyst Brian Garrett recently made a noteworthy observation. In his post Xstated that PEPE has surpassed Binance Coin in terms of daily volume and Binance Coin has a market capitalization 17 times higher than PEPE. This is an important milestone as it shows the potential of Pepe coin.
This bullish news about Pepe could trigger a rally for this cryptocurrency. By the way, the price of this altcoin has increased by almost 630% in the past year alone. Moreover, Pepe coin is now trading above its 21-day and 50-day EMAs, while it has 26 green technical indicators. Therefore, crypto experts predict that Pepe will reach a value of $0.0021 before the end of Q3 2024.
Ethereum Name Service (ENS): A Prominent Analyst Makes a Bold Prediction
Ethereum Name Service (ENS) has also made waves in the altcoin space. CoinMarketCap data shows that the price of Ethereum Name Service has increased by over 170% in the last year alone. Cryptocurrency analyst Poseidon remains bullish on this altcoin. According to his post XENS price has the potential to hit $100 and there is no way to stop it.
Technical analysis for Ethereum Name Service coin also supports this statement. For example, around 26 technical indicators are in the buy zone while ENS is trading above its 50-day and 100-day EMAs. As a result, market analysts have made a bullish prediction for Ethereum Name Service price to reach $34 by Q3 2024.
Why are Pepe and Ethereum Name Service traders turning to KangaMoon?
Compared to Pepe and Ethereum Name Service, KangaMoon has a drastically lower market cap, connections to a thriving billion-dollar market, and a community-driven focus. In other words, this altcoin has the potential to grow at a faster pace while remaining more stable in the long run.
Discover the exciting pre-sale opportunities for KangaMoon (KANG) now!
Website: Italian: https://Kangamoon.com/
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