Altcoin
Altcoins Surge like Algorand, NEAR Protocol and KangaMoon Reign Supreme
The altcoin market has rallied, with Algorand (ALGO), NEAR Protocol (NEAR), and KangaMoon (KANG) outperforming the broader market. While ALGO and NEAR are well-established altcoins, KANG is a newbie that has gained mass interest. In fact, experts suggest that this sensational Phase 5 presale could become the next $0.5 altcoin in 2024.
Algorand Price Analysis: Shows an Upward Trajectory
Algorand (ALGO) has recently made headlines in the altcoin space. This member of the top altcoins has risen from $0.17 to $0.19 in the last week alone, according to CoinMarketCap data. Additionally, Algorand’s market capitalization increased from $1.43 billion to $1.61 billion. This increase came after Algorand partnered with C3.io, the most active DApp on its network.
From a technical analysis perspective, this bullish trend for the Algorand cryptocurrency could continue. For example, 17 technical indicators are flashing green as Algorand is trading above its 200-day EMA. Therefore, market analysts have made a bullish prediction of the Alorand price. They predict that the altcoin will reach $0.30 before the end of the second quarter of 2024.
NEAR Protocol (NEAR): An Altcoin Trading in the Green
Meanwhile, NEAR Protocol (NEAR) is another altcoin under the scrutiny of bulls. According to data from CoinMarketCap, the price of NEAR increased from $5.62 to $7.13 over the past seven days. NEAR Protocol’s market capitalization jumped from $5.94 billion to $7.60 billion during that period.
The technical analysis of this altcoin also paints a bullish picture. Notably, the NEAR protocol cryptocurrency is trading above its 50-day and 100-day EMAs. Additionally, 26 technical indicators show buy signals for NEAR. Experts take note of these factors when making their NEAR Protocol price predictions. Therefore, they expect an increase to $10.53 for NEAR by the second quarter of 2024.
KangaMoon (KANG): among the best altcoins to buy
KangaMoon (KANG) is an altcoin that has attracted attention lately with its presale performance. It has raised more than $5.8 million and could even reach $6 million before the end of April 2024. This pre-sale has attracted over 20,000 registered users so far. It recently partnered with RiotSharks, introducing raids and a $1,000 monthly prize pool, further increasing its popularity.
Essentially, KangaMoon aims to tap into the Play-to-Earn (P2E) gaming market, which could reach $885 million by 2028. It will do so by launching its own P2E game, where KANG will serve as the primary in-game currency. With KANG, anyone can purchase in-game items and upgrade their characters, giving this altcoin real utility.
In addition to this move, giving away free KANG tokens has caused quite a stir among members of the KangaMoon community. To clarify, KangaMoon is now offering most active users free KANG ahead of its launch. This has resulted in increased activity on various social media platforms such as
The initial presale price of $0.005 has already increased by 290% and now stands at $0.0196 for one KANG. However, this is a Phase 5 price and further price jumps will occur as it progresses. Experts expect a rise to $0.5 once a Tier 1 CEX lists this altcoin in Q2 2024. Therefore, KANG could become one of the best altcoins.
Will KangaMoon outperform Algorand and the NEAR protocol?
KangaMoon stands out in the altcoin space because it has a low market capitalization of just $19.6 million. This makes it more likely to outperform both Algorand and the NEAR protocol as it needs less money for its price to skyrocket. If you want one of the best altcoins, sign up for its presale now and get a 10% bonus.
Discover exciting KangaMoon (KANG) presale opportunities today!
Website: https://Kangamoon.com/
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