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CoinGecko Reveals List of Trending Tokens for Q2 – Top Coins with a Similar Pattern
Since the beginning of this second quarter, the altcoin market following the Bitcoin halving has undergone significant but subtle changes. These changes have to do with some altcoins showing bullish signals against the next wave of cryptocurrencies. A leading crypto tracker, CoinGecko released a report of twenty trending altcoins on the market a few days ago, and the likes of Fantom (FTM), Gala (GALA), Sui (SUI) and Ethena (ENA) have highlighted particularly peculiar factors that act as a catalyst for the meteoric growth of these best altcoins.
Smart investors have turned their attention to this list, considering tokens with the potential to enhance their portfolio. In the midst of this research, the pre-sale market also represents an attractive place. In this space, KangaMoon (KANG) is making its fair share of progress with over $7.3 million already earned in pre-sale revenue. Among the best cryptocurrencies to buy, KangaMoon stands out for its impressive platform features capable of offering abundant returns.
KangaMoon (KANG) is aiming for top meme coin status with a multi-pledge approach
Kanga Moon (KANG) has achieved impressive results during its ICO journey and most meme coin market investors already have high hopes that $KANG will outperform most of the top meme coins on the market. KangaMoon has secured two significant listings so far, with CoinMarketCap and CoinGecko and is also expected to list on BitMart and Uniswap very soon, increasing its potential to see an increase of over 1000% in this second quarter.
The KangaMoon token has already appreciated by over 400%, rising from $0.005 to $0.025, hence its potential for a more significant gain when it finally launches into the broader altcoin market. In addition to $KANG already offering its early investors an ROI of up to 400%, the platform has also raised over $7 million so far. This impressive growth comes from its overwhelming influence as both the GameFi and SocialFi meme coin platform.
With the potential to greatly influence the GameFi market, Kangamoom features a unique gaming approach, where users can win $KANG tokens by participating in battle competitions and/or even betting on battle outcomes. In addition to being able to secure NFT rewards and private logins, KangaMoon is currently running a SocialFi challenge where users can simply comment and share KangaMoon’s social media posts for free KANG tokens.
So far, the project has been able to attract over 32,000 community members and nearly 10,000 token holders, a feat that has managed to allow it to rank among the best new meme coins to buy. Industry experts predict that KangaMoon will hit $1 by the end of the year, thanks to its attractive features and recent partnership with RaidSharkBot aimed at generating more engagement for the platform.
Fantom Network works on updating the platform, predicting bullish efforts for the year
In an effort to innovate and develop its ecosystem, the Fantom (FTM) network has made huge strides in the blockchain space. Fantom recently created the Sonic Foundation and Sonic Labs to support their latest project, Sonic Chain. This demonstrates Fantom’s commitment to growing its infrastructure and capabilities in decentralized finance. Due to these developments, Ghost it is expected to influence the DeFi market this year.
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Second Recent news, Fantom recently raised $10 million in funding. This funding will be used to develop and expand the Sonic ecosystem, including research, development and deployment of new features and applications on Sonic Chain. The Fantom network has also created new entities to address challenges and opportunities in the blockchain space. Ultimately, these developments are expected to increase the possibility of the Fantom token maintaining positive momentum.
Despite the massive exploit plan, the Gala token shows resilience
Despite the recent significant exploit involving approximately $206 million worth of GALA tokens, which caused their value to drop by nearly 15%, Gala Network has demonstrated remarkable resilience. While the token is trying to recover the peak it reached in early April, it is currently experiencing price consolidation. However, the network itself is expanding, having recently seen over 25% progress in trading volume.
Meanwhile, community confidence in the Gala token remains strong as it carries a 93% bullish rating. This optimism demonstrates the community’s confidence in the long-term potential of the GALA token and its ecosystem, even amid challenges. Despite recent setbacks, the growth of the network and Gala’s robust community highlight its resilience and potential for recovery in the GameFi and altcoin markets.
The Sui token moves to the highest level in the blink of an eye, expressing bullish sentiment
On April 30, 2024, Sui Currency (SUI). it showed a market capitalization rate of around $1.4 million, however it subsequently rose to over $2.6 million, shocking the broader cryptocurrency market. Remaining in a consolidated position at this new level, Sui maintained a bullish sentiment of over 86% according to CoinGecko. Sui also saw a new record in the last two months, which has already set the pace for this second quarter.
Additionally, Sui recently partnered with Google Cloud to support Web3 innovation. This partnership, which aimed to improve security, scalability, and development tools on the Sui platform, is set to serve as a huge catalyst for Sui to see significant improvements in both token valuation and network activity. Currently, the Sui currency is going through a phase of stagnation and consolidation, but future growth is expected in due course.
Ethena’s price has almost reached $1, hence its potential for rebounding growth
The Ethena (ENA) token, the new Ethereum-based coin, increased significantly in value, reaching almost $1 after Bybit announced the integration of USDe as a collateral asset. This integration highlights Ethena’s role in offering a crypto solution independent of the traditional banking system, providing global users with a dollar-based savings tool called “Internet Bond”.
The market’s positive response to this news reflects growing confidence in Ethena’s innovative financial offerings and its future growth potential in the altcoin market.
In addition to this, Ethena plans to unlock over 50 million ENA tokens on June 1 for ecosystem development.
Looking ahead, this move allows ENA token holders to participate in governance proposals and aims to drive further progress and adoption within the Ethena ecosystem. At the same time, it also positions the Ethena token as one of the best cryptocurrencies to buy in this second quarter.
How does KangaMoon’s in-game reward distinguish it from GALA, SUI, ENA and FTM?
In particular, of the billion dollars of KANG tokens provided, 15% is reserved for the development of the KangaMoon project and to reward participants once the game is live. These funds will be used to improve the token’s features, add new features, and support the overall growth of the ecosystem.
Discover exciting KangaMoon (KANG) presale opportunities today!
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