The prominent crypto analyst Rekt Capital has made some bullish Bitcoin Cash (BCH) statements. Meanwhile, KangaMoon (KANG) and Toncoin (TON) are making waves in the altcoin sector. In fact, various analysts have pegged KANG, which is now in Stage 5 of its presale, as the next $1 altcoin in 2024. Let’s find out why.
Rekt Capital: Bitcoin Cash Finds a New Support
Recently, Bitcoin Cash (BCH) has been trading in the green. According to CoinMarketCap data, the Bitcoin Cash price increased from $406 to $545 in the last 30 days alone and its market cap rose from $8B to $10.76B. Crypto analyst Rekt Capital states that this altcoin has successfully retested its macro downtrend and turned it into a new support level.
The technical analysis of Bitcoin Cash crypto also paints a bullish picture. For example, 19 technical indicators are green for this altcoin as it trades above its 100 and 200-day EMAs. Therefore, experts have made a bullish Bitcoin Cash price prediction. They foresee BCH’s value reaching $620 within Q2 of 2024.
KangaMoon (KANG): Soaring by 290%
KangaMoon (KANG) is an altcoin in its presale that has already provided early buyers with a 290% ROI. It currently boasts more than 20,000 community members in addition to 5,800 token holders. The ongoing presale alone has raised over $4.9M, with a possibility of hitting $6M by the end of April 2024, which positions KangaMoon favorably in the market.
What makes it even more attractive is that buyers eagerly await the launch of its Play-to-Earn (P2E) game, in which KANG tokens will be used as the main in-game currency. This altcoin will be used to buy items and power up characters while also giving holders exclusive challenges that can earn them extra tokens.
Furthermore, KangaMoon shows commitment to having the most active community by giving away free KANG before its official launch to the most active. As a result, countless individuals are now sharing or liking KangaMoon’s social media content.
At $0.0196 per KANG during Stage 5 of its presale, this altcoin has grown by 290% from its starting price of $0.005. Market analysts predict a $1 price point for KANG once it is listed on Tier-1 CEX in Q2 2024. This trajectory puts it among the top altcoins, given that the P2E gaming sector is expected to grow to $885M by 2028.
QW Remains Bullish for Toncoin (TON)
Meanwhile, Toncoin (TON) has also captured some attention in the altcoin space. For example, the Toncoin price increased from $3.69 to $7.06 in the last month alone and its market cap also jumped from $12.56B to $24.51B. Crypto analyst QW claims that Telegram is the most interesting ecosystem at the moment, with tons of resources pouring into it.
From a technical analysis perspective, this bullish trend for the Toncoin crypto may continue. Notably, this altcoin is trading above its 50 and 100-day EMAs while boasting 24 technical indicators in the buy zone. Thus, market analysts foresee a rise to $3.39 before Q2 of 2024 in their Toncoin price predictions.
Can KangaMoon Leave Bitcoin Cash and Toncoin in the Dust?
With a market cap of $19.6M, KangaMoon could easily overshadow Bitcoin Cash and Toncoin. In other words, KANG needs far fewer new funds to increase its price. Given that traders are looking for altcoins with potential, KangaMoon could stand out in this sector. If interested, sign up using the links below and get a 10% bonus on each purchase.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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