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KangaMoon’s popularity booms: two major cryptocurrencies on the verge of breakout
After battling bears for weeks, the cryptocurrency market is once again heading into a bull market, with Bitcoin trading above $70,000. With the recent approval of the Ethereum ETF, there are strong indications that a bullish rally is imminent as more and more investors bet on the cryptocurrency. Considering the growing popularity of KangaMoon (KANG), analysts have predicted massive ROI for investors. Meanwhile, Mantle (MNT) and Cosmos (ATOM) have broken major resistance trend lines, triggering speculation of a rally. Let’s see why these are the best cryptocurrencies to accumulate now.
KangaMoon community grows as CEX listing closes
KangaMoon it is one of the best crypto coins making waves in the market. After kicking off pre-sales a few weeks ago, the project’s popularity has exceeded expectations, with whales accumulating the token. Recent data shows that the community has grown to over 33,000 members with more than 10,000 token holders. So far, the team has raised nearly $8 million in pre-sales.
KangaMoon’s native token KANG, which was presented at the minimum price of $0.005 in the first phase of the presale, currently the token is selling for $0.025. Therefore, early holders achieved a 400% ROI. Famous cryptocurrency experts believe that the ROI will reach 1000% as soon as the BitMart CEX listing closes.
While these are underway, the two major crypto data aggregation websites, CoinMarketCap and CoinGecko, have listed KANG as a token ready for launch. Notably, the staking dApp is also active, offering users the opportunity to stake their assets in exchange for rewards. While most meme tokens are driven by hype rather than solid fundamentals, KangaMoon has real utility.
The KANG token is used to distribute rewards, etc. As a meme-based ecosystem, KangaMoon will integrate GameFi and SocialFi features, offering users the ability to engage in gaming adventures and win prizes. Those who win matches are rewarded with virtual currency or rare in-game items that can be traded or sold in the game’s market. Overall, analysts believe KANG is one of the best cryptocurrencies to invest in right now.
Mantle integrates with DUNE as MNT price rises
Mantle, the L2 technology stack for scaling Ethereum, has been integrated into the Dune platform, a move that promises to provide deep data insights and improve analytical capabilities for users exploring the Mantle ecosystem. This latest integration is in line with the ecosystem’s goal of improving the user experience. By leveraging Dune’s powerful analytics capabilities, Mantle gives users the opportunity to gain deeper insights into the network.
In terms of market performance, the price of Mantle has increased by 3% in the last week. Major key indicators of the token market, such as Mantle trading volume and market capitalization, are in an uptrend. Therefore, a rally is imminent. Having set support above $1, a sustained rally can soon push the price above $1.5, making it one of the best cryptocurrencies to buy.
Cosmos Price Prediction: Can It Reach $40 in 2024?
Cosmos is one of the major cryptocurrencies that experts are optimistic about in the long term. According to market data, Cosmos price fell below the $10 support zone due to the recent market correction. However, Cosmos’ market capitalization is now above $3 billion and could soon reach $5 billion.
While the recent upgrade to the Cosmos network led to a nearly 4-hour outage, sparking concerns among investors, analysts remain optimistic about their Cosmos price prediction for 2024, which is $40. With the Cosmos Fear and Greed Index showing Greed (73), now may be the best time to invest in ATOM. As such, it is on the experts’ checklist of the best cryptocurrencies to buy in June.
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