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Ultimate top Cryptocurrencies for 2024: It has been demonstrated that cryptocurrencies are a competitive substitute for fiat money. They give holders good returns and have shown to be more stable.
Massive rallies were previously seen in Chainlink (LINK) and ThorChain (RUNE) prior to the current market correction forcing them into a downtrend.
Holdings are currently expanding to include the KangaMoon (KANG) project. Undoubtedly, KANG is among the best cryptocurrencies to purchase right now in order to make substantial long-term gains, given the strong momentum of the presale. More information is provided below.
Even if THORChain and Chainlink are well-known, their recent decline has caused many token holders to switch to the KangaMoon project.
The project has received a lot of attention, in large part because of KangMoon’s tremendous success in the presale thus far.
The cryptocurrency is now trading at $0.014 after beginning the presale with a floor price of $0.005.
Thus, the ROI for early investors is greater than 180%. The team is aiming to raise $3M before the end of the month, and thanks to the token’s increasing demand, they have already raised over $2.3M in the current presale.
In the meanwhile, customers who purchase KANG right away will receive a 10% incentive. The group has already scheduled the token’s Q2 listing on a top-tier 1 CEX platform.
Additionally, some analysts have predicted a surge of more than 50 times in the upcoming months, which would inevitably push the price of KANG above $0.1.
With this kind of positive momentum, KANG may soon surpass well-known meme coins like Dogecoin and Shiba Inu. When KangaMoon launches, it will combine P2E NFT gaming with the social-fi model to provide consumers with a delightful experience.
Users can earn tokens by competing against peers worldwide. Every obstacle presents an opportunity to succeed, and every accomplishment has real-world significance and benefits.
When KANG holders participate in social media promotion of the project, they can also earn additional tokens. Above all, KangaMoon intends to allow everyone access to the $176 billion gaming sector.
When it saw a significant upswing earlier in the year, Chainlink (LINK) was among the best cryptocurrencies to purchase.
Nevertheless, cryptocurrency has been having trouble with the bear trend since the most recent market drop. A 16% decrease in the last week and a 14% fall in the last month is indicated by data from CoinMarketCap.
The growing trade volume indicates that there is more activity surrounding the Chainlink token, yet the token’s falling value raises some red flags.
For the first time in many days, Chainlink’s price has fallen below the $18 support level. The market cap is also declining. Some analysts, meanwhile, believe that a revival may occur shortly due to the heightened market activity.
Read Also: Bitcoin Hits $66K; ONDO Jumps 42% | Crypto Price Update
One of the tokens that has done well over the last few weeks is THORChain (RUNE). Data from CoinMarketCap indicates that the price of THORChain is rising.
The continued decline in the cryptocurrency market, where numerous token price curves are pointing lower, may be the cause of the weekly chart’s decline.
A retest of the $10 resistance zone is highly likely, as THORChain has previously tested it a few days ago. That is predicted by the THORChain trade volume, which has increased somewhat over the previous week.
A rebound, in the opinion of some analysts, might trigger a rise. As a result, they stick to their initial prediction that the token price would hit $20 in Q2.
Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial advice, and you should always conduct your research or consult with a professional before making any investment decisions.
