Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
The cryptocurrency market is evolving rapidly. Projects like Solana and Ripple (XRP) are starting to dominate the DeFi space, with Solana becoming a top 5 cryptocurrency in the past year.
Now KangaMoon, an innovative new altcoin, aims to replicate this success. The project has already seen strong returns during pre-sales and recently reached a milestone by raising over $860,000.
Is it too late to buy Solana?
After a series of significant price increases, Solana is now encountering resistance. Over the past 24 hours, Solana’s price has fallen by 5% and Solana has fallen below the USD 130 resistance. According to CoinMarketCap, Solana is now trading at $128, and its daily trading volume growth has fallen from 104% to just 30%.
This decline suggests that Solana’s recent bullish activity could fall short of its goal of helping SOL cross $140. With the project facing resistance, experts believe Solana could fall to $120 in March. However, investors remain unphased.
Considering its growth rate of over 500% in the past year, experts believe that Solana will continue to rise in the coming quarter. As a result, many investors choose to hold Solana with the goal of earning long-term returns.
Ripple (XRP) fails to capitalize on the bull market growth
Although the crypto market has soared over the past month, Ripple’s performance has remained below average. Ripple (XRP) has increased in value by just 19.47% over the past month, while many altcoins have seen returns of more than 50%.
This poor performance has led to a decline in Ripple’s (XRP) daily trading volume, and Ripple has fallen in the crypto rankings to become the 10th most traded cryptocurrency in the world.
Should Ripple (XRP) continue to perform poorly, bearish analysts believe XRP may not reach $1 by 2024. Currently, Ripple (XRP) is trading at $0.6023 and is down 2.86% in the last 24 hours.
Investors buy KangaMoon (KANG) via XRP and SOL
As Solana and Ripple (XRP) lose momentum, KangaMoon is gaining significant traction. The project has made headlines this past week after reaching the milestone of raising more than $860,000. This is a huge win considering KangaMoon is only three stages into pre-sale.
One of the key driving factors behind its success is KangaMoon’s usefulness. The project offers a new P2E game and an ecosystem designed around the community. The project will demonstrate various social-fi features, including rewards for social interactions and weekly, monthly and quarterly challenges.
Investors who want to participate can currently purchase KangaMoon Tokens (KANG) for $0.01125 during Phase 3 of the KangaMoon Presale. Investors who purchase in Phase 3 will be eligible for a 10% purchase bonus, which, considering $KANG is expected to rise 220% during the presale, could add significant gains to investors’ portfolios.
Can KangaMoon overtake classic altcoins?
Within a year, KangaMoon could become one of the top altcoin communities in the world. It appears to want to unite investors around the world on one platform, and its social features are already proving popular among early investors. As the ecosystem grows, $KANG tokens are expected to generate significant returns. As a result, $KANG has become extremely popular in pre-sales.
Discover the exciting KangaMoon (KANG) pre-sale opportunities today!
Website: https://kangamoon.com/
Join our Telegram community: https://t.me/kangamoonofficial
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/03/11/wilt-u-de-top-3-cryptocurrencies-verkennen-analisten-kijken-naar-kangamoon-kang-ripple-xrp-en-solana-sol/
