Over the past few days, some crypto tokens have experienced market correction, leading to a slight decline in value. Chainlink (LINK) and Render (RNDR) are two of the tokens that plummeted slightly due to enforced market correction. Analysts opined that this may be a good entry point for buyers as the tokens are expected to form a bullish pattern soon. In other news, KangaMoon (KANG) is brimming with confidence after hitting $2M in presale. With this, the token is rated as one of the best meme coins to buy in 2024.
With Chainlink and Render experiencing a market correction, KangaMoon is growing in the meme coin sphere. Over the last few weeks since the presale started, KangaMoon has raised more than $2,233,007.48 as investors get attracted to its unique features. From a price value of $0.0050, the KANG token has risen to $0.014 with early investors earning a 180% ROI.
Not just a meme coin, KangaMoon thrives on real utility, embedding the SocialFi model with elements of play-to-earn thereby creating connections among players. The platform has an ecosystem of meme enthusiasts where all sorts of gaming adventures take place. With KangaMoon, players get to display their gaming prowess while simultaneously earning significant rewards.
Holders of the ERC20 token KANG can significantly earn at presale by joining to promote the platform on social media through commenting on posts and sharing tweets. KangaMoon is a community-centric platform that gives users more opportunities through giveaways and contests. With the potential of KangaMoon, analysts believe the token can do a 100x return by the end of the year.
The meme coin market is booming, and KangaMoon can be a glorious opportunity for earning significant profits. Analysts observed that KangaMoon’s entry into the $200B worth NFT market could be the key that investors need to join the billion dollar market. As such, experts rate KangaMoon as one of the best meme coins to buy now and project the price to reach $0.5 in 2024.
Having spent most of its 2024 days on the bullish trajectory, Chainlink (LINK) experienced a slight bearish pullback with the tokens price dangling below $20 in the past few days. On the monthly chart, Chainlink’s price declined by a slight 5% and further dipped by 6% on the weekly chart.
While this may seem insignificant, analysts opined that the latest setback may affect analyst projection of Chainlink’s price reaching $30 in the year. However, with the coming of the bull market soon, some experts believe the token will witness a resurgence in the coming days. As such, they are hopeful of Chainlink trading above $30 in Q4.
Render (RNDR) experienced a slight price correction in the past week as analysts predict a massive bullish momentum soon. Having appreciated by 106% in the past month, Render resolve was tested by the bear pressure which led to the token price falling by a slight 2% on the weekly chart.
However, the Render coin has turned the last resistance level of $10 into its support zone which may be the catalyst for a huge surge in the next few weeks. With Render getting close to the next resistance trendline of $12, analysts project the Render price to reach $20 in 2024. Meanwhile, the Render trading volume and market cap which are on a downtrend could lead to the token sliding further in the bear market
Explore the thrilling opportunities available in the KangaMoon (KANG) presale today!
Website: https://KangaMoon.com/
Join Telegram Community: https://t.me/KangaMoonofficial
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