Cardano founder, Charles Hoskinson, has tweeted about the next big upgrade for the Cardano network – Plutus V3. Meanwhile, let us look at analysts’ price predictions for these two altcoins, KangaMoon and Stacks.
Cardano (ADA) founder Charles Hoskinson recently took to X to announce a significant upgrade to the Cardano network. In his tweet, Hoskinson emphasized the importance of Plutus V3. This upgrade will enhance the support for Cardano dApps and promote blockchain interoperability.
An official blog post by Input Output Global (IOG) stated that the upgrade will enhance the cryptographic functions within Plutus Core. This development marks a great step in the evolution of the Cardano ecosystem, promising to unlock new possibilities for developers and users.
Meanwhile, Cardano coin has reacted positively to the news. The altcoin price has soared 8.4% as it fluctuates between the 7-day price range of $0.4753 – $0.5643. Nevertheless, Cardano still has a price drop of 1.5% on the monthly chart. The Cardano coin would need to see more gains to clear put the loses at this level.
Stacks (STX) is one of the altcoins that has reacted positively to Bitcoin’s latest accent across the $50k mark. Data from CoinMarketCap showed that the altcoin price has skyrocketed, displaying double-digit gains on different timeframes.
Stacks price has increased 39.0%, 31.7%, and 25.0% on the 7-day, 14-day, and 30-day price charts. Currently, the Stacks coin has hit a 7-day high of $2.15. The token is just 41.37% away from its all-time high of $3.61. Stacks could cross this all-time high in the coming weeks if the bullish momentum continues.
Besides, its technical indicators are bullish and signal that bulls are leading the market. The Stacks coin currently faces resistance at $2.50 and $3.00. Crossing this resistance would pave the way for a potential price jump past $3.61.
KangaMoon (KANG) wants to revolutionize the meme coin sector by integrating Social-Fi features within a community-driven platform. The aim is to enhance the utility and value of its native token, KANG. This added utility will allow it to soar past other meme coins like Floki Inu and Dogecoin, which have little to no utility.
Also, it will embrace a Social-Fi model that would foster active community engagement, rewarding participants with KANG tokens for their involvement. Not that the KANG token will be a central part of the KangaMoon ecosystem, which makes it a must-have for every player. This makes the token the best crypto investment right now.
It will serve multiple purposes, from facilitating in-game purchases to unlocking advanced gaming features. KANG token holders will also gain exclusive access to the platform’s upcoming NFT marketplace.
They can purchase goods on the marketplace and exchange in-game assets, which strengthens the platform’s economy. At the moment, KANG coins are being offered at a tempting presale price of $0.005. After launch, market analysts project a 35x growth in value.
The billion-dollar play-to-earn gaming business will be the driving force behind this enormous upswing. As the best crypto investment for your portfolio in 2024, KangaMoon stands out for its strong combination of scarcity, utility, and incentives.
Two of the largest altcoins in the market, Cardano and Stacks, may witness further increases in value by 2024. Analysts think KangaMoon could emerge as a surprise candidate, because of its usefulness as a meme coin with utility.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Telegram Community: https://t.me/Kangamoonofficial
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