The altcoin market might be on the verge of a price upswing as Ethereum (ETH), a top altcoin, is nearing key resistance levels. This speculation is further amplified by the recent rise in Bitcoin (BTC) price which is also approaching a key resistance while maintaining positive market sentiment. While Ethereum coin and Bitcoin price are both giving positive impressions, KangaMoon (KANG) is also set to eventually complete a 100X growth and further amplify its potential to rank high among the best P2E meme coin tokens.
Ethereum (ETH) recently shocked its holders when its price surged near its resistance level. However, it appears more apparent to witness a further increase in the price movement of the native ETH token. It’s also worth noting that there have been large transactions, including a transfer of nearly $87 million worth of ETH to Coinbase, suggesting a significant injection in the Ethereum market.
This move further shows that whales in the altcoin market are supporting a potential rebound for the Ethereum coin. However, with the recent news of Grayscale withdrawing its request for ETH futures, there might be a lag as to how fast the Ethereum price will appreciate. Regardless, as one of the top crypto coins with massive adoption, Ethereum will likely pull through.
If its presale performance, price trajectory and features are considered, it’s safe to say that KangaMoon (KANG) could be a game changer in the world of meme coins. But why so? Well, KangaMoon’s strong point lies in its combination of SocialFi elements and GameFi’s play-to-earn mechanism. Its upcoming gaming ecosystem dubbed “Kangaverse”, will allow users to engage in different activities, including battle-themed contests and speculative betting, to win rewards.
With a rapidly growing community of over 23,000 registered members, including 6,000 token holders, KangaMoon is already held in high prestige in the meme coin market. With plans to grow even further, it is partnering with RaidShark, a community engagement bot. This move is set to influence KANG adoption positively before and when it officially launches.
So far the token has grown by 400%, which represents a 40X growth from its initial price. To be specific, the price of $KANG has risen from $0.005 to $0.025 and is even predicted to complete a 100X growth after it secures listings on major exchange platforms.
With over $6.6 million as its presale revenue, KangaMoon is also anticipated to reach $7 million by the end of this week. Its play-to-earn features are one of the most revolutionized concepts in the meme coin market and depending on how much adoption KangaMoon sees when it launches it could positively influence the P2E market which is expected to be worth $8896.95 by 2028.
Despite the major drop from its recent all-time high levels, the price of Bitcoin had refused to decline further, instead, it made significant strides towards a new resistance level this week. According to CoinGecko, up to 82% of its community is giving a bullish rating for Bitcoin price. This shows the possibility of Bitcoin’s rise coming sooner and further influencing the altcoin market.
Recently, Bitcoin achieved significant records which involved it processing over a billion transaction transactions. This feat indicates the continued growth and adoption of Bitcoin. Many would see it as a positive sign, showcasing the network’s resilience and endurance over time.
KangaMoon is tapping into several markets including the meme coin, P2E, NFT and DeFi potential so, its potential to stay relevant is strong enough for it to retain value for many years as long as gaming and DeFi stay active. Hence, KangaMoon would be among the best cryptos for investment next year.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Telegram Community: https://t.me/Kangamoonofficial
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