In this current bull cycle, a lot of altcoins have witnessed a significant rise and more are still coming. Meanwhile, analysts have identified some of the top altcoins that are underrated and have the potential to explode in value soon. These altcoins include Polygon, Kaspa, and KangaMoon. Let us find out why.
KangaMoon Is One Of The Top Altcoins Poised For An Explosion Soon
Interestingly, an altcoin that is gaining popularity fast is called KangaMoon (KANG) and it recently announced a significant alliance with RaidSharks that will aid in its rise to prominence in the industry. This means that players on KangaMoon will now have access to thrilling raids as well as a $1,000 monthly pool. Community participation in the upcoming Play-to-Earn (P2E) game will increase as a result of this partnership.
KANG will be the primary in-game currency for KangaMoon’s game. You can buy in-game items and upgrade characters with KANG. In addition, KangaMoon revealed that in exchange for extra benefits, it will provide all of the altcoin holders with exclusive challenges. KangaMoon’s other top priority is giving back to the community. The most active community members will receive free KANG from KangaMoon before its official release.
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Consequently, over 33,000 registered users are eagerly liking and sharing KangaMoon’s social media posts. It is anticipated that before June 2024 ends, the revenue will have reached $9 million with over $8 million raised already during the ongoing presale. The current cost of a KANG has increased 400% from $0.005 to $0.025 per unit. Experts are optimistic about KANG due to its ties to the P2E gaming market, which is projected to grow to $8.86 billion by 2028.
Additionally, according to the BitMart exchange, KANG will soon be listed. It is expected that the token will keep gaining popularity on tier 1 CEXs like OKX and Binance. The KANG token is expected to debut on the Uniswap exchange as well. In the interim, KangaMoon has already been added to CoinMarketCap and CoinGecko.
Polygon Price Chart Analysis
Analyzing the Polygon price chart, the Polygon price has continuously traded below the EMA 100 over the last two months. There is a clear bearish trend indicated by the continuous trading below the EMA 100. Notably, on April 9, there was a major attempt to break above the EMA 100. But significant selling pressure greeted this attempt, adding to the bearish sentiment.
Moreover, the Polygon price has consistently shown buying activity at important price points. The Ichimoku Cloud’s lower boundary, which is currently providing support, seems to be a difficult level to breach. As the price moves into the cloud, volatility is likely to increase. It is anticipated that a breakout inside the cloud will intensify this volatility even more. Furthermore, a crucial resistance level is the cloud’s 0.618 Fibonacci retracement level.
Kaspa Price Chart Analysis
Within the week, the Kaspa price hit a new all-time high of $0.192. Since then, the Kaspa price has dropped to $0.179, probably as a result of many holders taking a profit. Notwithstanding this, a lot of analysts continue to have positive outlooks for the Kaspa price and predict notable price increases in the upcoming months. Bysiyakat, an analyst on X, has even charted a route to $5.
He estimates that the majority of the coin’s movement necessary to cause this kind of surge will transpire between July 2024 and 2025. His analysis predicts a logarithmic movement between $2 and $5, which would indicate significant percentage increases. On the weekly Kaspa price chart, the analyst has noticed a pattern: the intervals between important price levels are getting smaller, suggesting that price growth may be accelerating.
Polygon, Kaspa, and KangaMoon: Which Will Rise to the Top First?
The winner of this cryptocurrency battle is KangaMoon, with a small $25 million market capitalization. This suggests that KANG needs less new funding for its price to increase than Polygon and Kaspa do. As a result, one of the best altcoins to buy is KangaMoon. By clicking the link below, you can sign up for its presale if you’re interested.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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