Altcoin
Investors Keep an Eye on Kangamoon and Other Top Altcoins!
In an on-chain analysis, Crypto Quant analyzed how the US cryptocurrency market is bullish on the Toncoin token. In the same analysis, he also highlighted how Toncoin (TON) has progressed alongside the numerous partnerships it has formed. This development is attracting the attention of the altcoin market to Toncoin, almost equal to the attention KangaMoon (KANG) is getting.
While the pre-sale market eagerly awaits the complete transition of this new meme coin into the altcoin market, smart money also invests in other meme coins such as Pepe (PEPE) and Floki (FLOKI). Meanwhile, considering how Ethereum is moving lately, $ETH is also a strong choice among investors right now. Let’s delve deeper into why these are the best altcoins to buy in this second quarter.
KangaMoon (KANG) is the latest crypto gem poised to rank among the top meme coins
KangaMoon (KANG) has already proven itself worthy in the cryptocurrency market as a strong contender for sky-high earnings this year. Its 400% price increase during the six (6) presale phases, from $0.005 to $0.025, speaks to its prowess as a meme coin with high earning potential. This potential also lies in the how KangaMoon combines the features of SocialFi with the features of GameFi in a Play-to-Earn model capable of starting a new wave in the GameFi market.
As mentioned, the native $KANG token has already offered a substantial profit to first-time buyers; however, this is only part of the progress made so far. KangaMoon also set a new record, surpassing $7 million in pre-sale revenue. At the current pace, KangaMoon is expected to finish the month with over $7.5 million in pre-sale funding. Even more interestingly, KangaMoon now boasts a rapidly growing community of over 32,000 members and nearly 10,000 KANG owners.
Together with RaidSharkBot, KangaMoon is adding another dynamic to its usual gaming platform where users can engage and wager on the battle to win $KANG tokens. With RaidSharkBot, a community engagement team, KangaMoon aims to increase its user base by offering exciting raid challenges where a cash prize of $1000 is up for grabs. This is bound to increase its potential as a smart cryptocurrency to buy.
Furthermore, KangaMoon has already been listed on CoinMarketCap and CoinGecko, solidifying its position as one of the next best meme coins to watch. With the upcoming listing on BitMart and Uniswap and analysts predicting a total increase of 1000% when the pre-sale comes to an end, KangaMoon is set to further disrupt the meme coin market in no time.
Toncoin Network Receives Business Investment Consideration After Crypto Quant Analysis
Currently ranked as one of the most impressive performing blockchain networks this year, outperforming Bitcoin by +118%, Toncoin (TON) has received more attention, particularly the Toncoin token whose value reflects a more than 20% increase in last month and up more than 235% year to date, with the majority of this increase occurring at the start of this second quarter.
More specifically, Toncoin recently considered launching a new project called Notcoin which released 80 billion NOT tokens last week. This further increased activity on the TON network and increased positivity around the Toncoin token. Other factors that are solidifying Toncoin’s investment potential are its recent partnerships with Telegram and HashKey Group.
However, more importantly, Crypto Quant published an analytical report regarding Toncoin, stating how the network is considered generally bullish in the US cryptocurrency market, even though things are not nearly the same in the European trading market. Regardless, this has positioned Toncoin among the best cryptocurrencies to invest in this second quarter.
Pepe Coin is currently the highest trending cryptocurrency in the meme coin market
Over the past two weeks, Pepe has been trending in the cryptocurrency market. The gem meme coin, which has just passed a year since its inauguration, recently surpassed its all-time high. Interestingly, Pepe coin reached an all-time high of $0.00001258, with its market capitalization reaching $5.3 billion for the first time.
However, Pepe coin has broken that record as it recently hit another all-time high, with its market capitalization surpassing a whopping $7 billion. Thanks to the launch of its perpetual futures on Coinbase last month, Pepe has grown by over 138% and is expected to continue to become one of the best cryptocurrencies to invest in.
The Floki ecosystem can potentially take over the GameFi market this year
Tied to the Ethereum ecosystem and the Binance Chain ecosystem, the Floki token has made huge progress, with a huge fan base that rivals the likes of Dogecoin, Pepe, and Shiba Inu. Having devised a GameFi approach to integrating the Valhalla metaverse, Floki has further expanded its reach into the cryptocurrency market.
Notably, the Floki ecosystem now incorporates such assets, including an all-in-one tokenization platform called TokenFi, an NFT marketplace known as Floki Place, learning tools, a DEX platform, and staking pools, which can attract greater interest in investments.
Meanwhile, the community behind Floki is 89% bullish and this could increase further when Coinbase supports $FLOKI perpetual futures on May 9. As one of the best cryptocurrencies to buy in the GameFi market, Floki’s network activity will see an increasing influx as the year ends. The Floki token has recently reflected a 257% increase in trading volume, however, greater inflow is expected to occur in the third quarter approaches.
Ethereum token approaches $4000, showing bullish trends before the end of the second quarter
After seeing the approval of 8 Ethereum ETFs a few days ago, the price of Ethereum has indeed made a significant but positive movement. As of May 20, Etheruem’s price was around $3,000, however, as ETFs became more viable, Ethereum started pumping up to $3,700 the next day. Although it consolidated later, the approval of Ethereum ETFs affected the price of $ETH as the token approaches $4000.
Meanwhile, the positive sentiment on Ethereum’s price following the approval of its ETFs has resulted in a significant influx into the Ethereum network’s activity, as have many investors in the altcoin market. With a market capitalization rising above $473 billion, Ethereum ranks among the biggest gainers this second quarter.
What is KangaMoon’s potential to reach $0.5 in Q3?
The potential of KangaMoon meme coin reaching $0.5 in this third quarter is not far-fetched. The token rose 400% to $0.025 in six pre-sale phases, and analysts expect a rise of more than 1000% when it is listed on BitMart and Uniswap, solidifying its high potential to reach $0.5 in this third quarter.