Crypto Market Surges As Solana and Cardano Struggle To Breakout, While KangaMoon Surge After New Announcement
One of the questions that crypto enthusiasts, who are looking out for promising coins that will yield significant returns, continue to ask is “What crypto should I invest in?” Amid this recurring question and the surge in the crypto market, analysts have identified a good crypto to buy and the name is KangaMoon. Meanwhile, Solana and Cardano are still struggling to break out. Let us look into more detail.
KangaMoon Is A Good Crypto To Buy For Exponential Gains
KangaMoon (KANG) has seen its price soar to a new high of $0.025 during its ongoing presale due to the recent market upswing, extending its gains in 2024 to an incredible 400%. Although this amazing performance has put KANG among the best coins to invest in, market experts predict that it will continue to rise in the upcoming weeks.
According to recent announcements, BitMart, a tier-1 centralized exchange, will list KangaMoon’s native token, KANG. Analysts predict that during this historic event, KangaMoon’s price may soar to a new high above $1, even though the precise listing date is unknown. Furthermore, KANG is already available on CoinGecko and CoinMarketCap.
As of right now, KANG seems to have answered the question “What crypto should I invest in?”, especially considering its spectacular rally. There is a lot more that KangaMoon can offer, such as its novel Social-Fi protocol that has drawn significant interest from investors. Participation in challenges, competitions, and other events earns members KANG tokens on KangaMoon, where the platform prioritizes the community.
The income of a community member will increase with increased engagement. Having raised more than $7.6 million since the start of the presale, KangaMoon is among the best coins to invest in for exponential gains.
Solana Price Chart Analysis
The Solana price is still showing a neutral trend even after a 60% increase in trading volume. However, Solana is still the fifth-largest cryptocurrency by market capitalization, with a trading price of $165.41 and a market cap of $76.05 billion. The Solana price chart is constantly faced with resistance from the Simple Moving Average (SMA). Nonetheless, it indicates a strong likelihood of a positive crossover, pointing to a divided opinion in the cryptocurrency market.
The market appears to be very bullish as the technical indicator, RSI, successfully retests its halfway point. Additionally, the average shows a strong likelihood of a bullish convergence in the 1-day time frame, indicating that the Solana price will continue to rise soon. This week, the Solana price may test its resistance level of $180 if the bulls can keep the price above the $165 support zone.
Cardano Price Consolidates
The Cardano coin has put its investors through difficult times in the first quarter of 2024, while other popular cryptocurrencies surged and pumped. The main lessons for the Cardano ecosystem were the developments on GitHub, and the Cardano price remained negative. While the anticipated bull run that would aid the Cardano coin is now underway, Cardano is still just getting over its April crash.
In April, Cardano lost more than 40% of its value, and the token hasn’t even fully recovered from the loss. Even the founder of Cardano responds to the Cardano stall at $0.45. Nevertheless, a lot of analysts believe Cardano will see rapid growth in the future. Dan Gambaderllo says “Patience is the game,” and he thinks Cardano can still see a token rally during this market cycle.
Is KangaMoon Able To Continue The Current Rally?
While the price of KangaMoon has been rising during its current presale, some of its backers doubt that this increase will last once the token is made available to the public. However, it is less expensive to pump the price of this promising crypto given KangaMoon’s current market capitalization. Given that KANG leads the GameFi industry, it is expected to continue rallying, making KANG one of the best coins to invest in.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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