Top altcoins continue trading in the green, analysts forecast an impending rise for the market during the much anticipated Bitcoin halving. On the other hand, Polygon (MATIC) still faces price correction. Meanwhile, a new contender, KangaMoon (KANG), is emerging with significant momentum. It has already raised $4.5M in presale funding, with various experts hinting it would become the next 100x altcoin in 2024.
Binance Coin (BNB) Monthly Price Trading in the Green
BNB coin seems set for a significant surge as the market anticipates the Bitcoin halving event. Recent on-chain activity on the Binance Coin network suggests that the price of BNB is about to break out further. According to CoinMarketCap data, BNB price had an over 10% bounce to trade between $519 and $586 over the past month.
Additionally, its year-to-date charts record a staggering 87% increase, reflecting investors’ confidence in the Binance Coin. Impressively, Binance Coin’s bullish technical indicators suggest that the price of BNB is ready for a surge north. Many crypto pundits have made bullish BNB price predictions, suggesting that the coin could reach $1000 by the end of 2024.
Polygon (MATIC) Monthly Price Performance
Polygon Network has announced some exciting blockchain developments. Its AggLayer will soon become a hub for Ethereum Layer 2s. The news could trigger a high-momentum rally for the Polygon crypto. However, Polygon’s price is currently still facing a correction.
On the one-month chart, Polygon’s price dropped from $1.20 to $0.87, recording over 28% outflows. Its market cap also dropped 4% to $8.66B. However, Polygon’s 24-hour trading volume is up by 0.41%. Looking at its technical analysis, the price of Polygon still faces considerable resistance, reflecting investors’ selling pressures.
KangaMoon (KANG) Climbing up the Altcoin List
Amid the market turbulence, KangaMoon (KANG) is emerging as the best altcoin to invest in 2024. Surprisingly, KangaMoon has already raised $4.6M, with projections of hitting the $5M mark by the end of week. Additionally, the game-changing altcoin has amassed over 20,000 registered members and over 5,800 token holders.
As a platform, KangaMoon will launch a Play-to-Earn (P2E) game in which players use the KANG token as the main in-game currency. With this token, users can purchase in-game items and upgrade their characters. Moreover, those holding KANG will participate in weekly, monthly, or quarterly challenges and get rewarded with extra tokens or in-game items.
With its unique SocialFi feature, the altcoin is here to make a difference. For one, community members get free tokens when they engage with KangaMoon’s social media content. To get free KANG, members may need to like/comment on/share KangaMoon’s social media posts.
At the fifth presale stage, the KANG token costs $0.0196. Remarkably, this is a 290% ROI from its initial offering of $0.005. KangaMoon’s presale success positions it for a potential listing on a Tier-1 CEX, possibly boosting its value to $0.5 in Q2 2024. Investors are monitoring these developments, as KangaMoon’s surge reflects its appeal as the best altcoin to watch in 2024.
Summary
With BNB and KangaMoon expected to continue their tremendous value increase, Polygon struggles with price retracement due to heightened selling pressures. KangaMoon has the edge over these altcoins and can easily outshine Binance Coin and Polygon to lead the charge in the altcoin market, as it requires fewer funds to double its value.
Discover the exciting opportunities of the KangaMoon (KANG) Presale Today!
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