The crypto industry has always been an unending pool of unfolding crypto trends and their price movements. The focus here is on the price trajectories of Shiba Inu (SHIB) and Tron (TRX), two top altcoins that are popular but are witnessing bearish sentiment.
Meanwhile, following the surging momentum of the KangaMoon (KANG) presale, the project has surpassed expectations, prompting analysts to place an upgraded price projection for the project. Find out more about these top altcoin trends below.
KangaMoon’s Timeframe to Reaching the $5 Mark is Closer Than Investors Think
KangaMoon (KANG) has undergone a massively successful presale journey so far. Going forward, more price surges are lurking across the horizon as the token begins to take steps toward launching. For context, since the start of the KANG’s presale, the token has surged to 400% growth in value. Also, KangaMoon has witnessed a significant influx of investors into the project, raising its popularity and reputation levels.
Notably, KangaMoon is poised toward a bigger price surge in the future, given that the token has already been listed on CoinGecko and CoinMarketCap while still at the presale. At the current trajectory, the KANG presale is likely to generate an additional 400% before launch proper. Also, analysts are projecting a $5 target for the KANG token by the end of the year.
In view of this, KANG is among the top altcoins to buy, given its low-cost value and exponential growth potential. Investors can buy the token at the price of $0.025. Meanwhile, KangaMoon as a platform is an engaging synergy of GameFi and SocialFi structures that can both reward and entertain members. For instance, the GameFi feature employs a play-to-earn adventure where members can earn passive income from engaging in gaming adventures.
Also, the SocialFi structure consists of over 32,000 members who interact and share insights. Overall, KangaMoon provides a perfect blend of crypto investment opportunities and an engaging ecosystem for the meme community. Notable analysts pick it as one of the top altcoins to buy now for long-term gains.
Shiba Inu Price on a Decline Despite Perceived Meme Season
While some analysts are confident that the meme season is active in the crypto market, Shiba Inu (SHIB), a popular meme coin, is yet to trigger a bullish rally. Market stats show that Shiba Inu’s price has declined by about 5% within the last month.
Also, Shiba Inu’s trading volume is on a negative trajectory, which is a signal of a possible long-term bear trend. However, the price of Shiba Inu since the start of March has gained up to 98%, which means that the current decline could be a mere price retracement.
Can Tron’s Price Still Surpass its All-time High in 2024?
Over the last month, the price of Tron (TRX) has gained 5% in value. Meanwhile, Tron’s price over a year-to-date metric shows a 51% growth. Despite this growth, Tron is still about 60% off its all-time price peak of $0.30, as per market stats.
Notably, it has been 6 years since Tron set its all-time high in January 2018. Meanwhile, analysts are confident that 2024 is the best shot of Tron breaking through its resistance level and setting a new ATH. Given that Tron has broken into the $0.1 resistance level for the first time since 2021, there’s a good chance that the top altcoin may continue on the trajectory to set a new ATH before the end of the year.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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