- Monero drops 20.7 in value but has the potential for growth if it regains appeal
- Stellar did break above $0.12 but needs to regain buyer support for further gains
- KangaMoon is projected to spike 100x fueled by its unique Social-Fi model, merch store, and NFTs
Monero (XMR) and Stellar (XLM) have recently stagnated in their growth, and as a result, many traders have begun diversifying their holdings. One of the cryptocurrencies that captured the most significant attention was KangaMoon (KANG) and its cryptocurrency ICO, as it will include various elements and Social features to help it differentiate itself from competing projects, alongside a merch store and NFTs. Today, we will go over each project to see why this is happening, and to see which altcoin can come out on top.
Monero (XMR) Drops 20.7% – Is There Hope in Its Future?
Monero (XMR) is volatile on the charts, and the future of its value is uncertain. During the past 30 days, the Monero price has slipped under the 20, 50, 100, and 200-day daily moving averages and saw a total decrease of 20.7%.
However, the Monero crypto is still above the $120 price range and needs to break past $130 again to regain confidence from the market alongside investors and traders. If it manages to tackle this challenge and come out on top, a further surge is a possibility. Based on the Monero price prediction, it can end in 2024 at $280.23.
Stellar (XLM) Volatile – Can It Reach New Heights in 2024?
Stellar (XLM) has also begun to trade in a sideways direction and risks potentially losing value soon. During the previous week, the Stellar price moved upwards from $0.107 to $0.113, but did not manage to break above the $0.12 price barrier.
Moreover, the Stellar crypto must now move further up to regain investor interest and market confidence. While its year-to-date (YTD) chart does indicate a 31.1% upswing, it still needs to see further gains. According to the Stellar price prediction, it can end in 2024 at $0.1905.
KangaMoon (KANG) to Feature Merch Store and NFTs
KangaMoon (KANG) is getting a lot of attention as it has captured significant appeal from the Web3 community due to its unique approach and rich feature set. It will introduce a community-driven platform that also integrates Social-Fi elements into its ecosystem as it aspires to take on meme coins such as Shiba Inu and Dogecoin.
While those projects are driven through community support and activity, KangaMoon will take things further by enabling anyone to get rewards, depending on their engagement. Moreover, holders of the KANG crypto are empowered to get additional tokens by engaging in a wide range of activities.
These include building characters, unlocking unique abilities, and connecting with players on a global scale in order to engage in battle and complete tournaments. Those who do not want to participate in gameplay can also just spectate and place bets, which is also a way to get rewards. The platform will even feature its own merch store and will feature dedicated non-fungible tokens (NFTs).
Now at Stage 1 of the cryptocurrency ICO, KANG trades at just $0.005. At launch, however, the cryptocurrency can experience a massive upswing of 100x based on the latest projections. These aspects make it one of the best cryptos to buy.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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