Despite attempts to pump above the $65,000 threshold, Bitcoin struggles, signaling a bearish trend. It’s not just the pioneering coin experiencing outflows; the broader market is on a downtrend attributed to the ongoing pressure from higher U.S. interest rates and escalating geopolitical tension in the Middle East. Yet, KangaMoon (KANG), Immutable (IMT), and Gala (GALA) are witnessing massive rallies, with analysts projecting more astronomical growth in the coming days. Among the trending P2E gaming coins, analysts foresee KANG as one of the best P2E coins to watch in 2024.
Immutable Price Recovery Amid Ongoing Bearish Market
As a leading layer-2 scaling solution for the Ethereum network, Immutable has been instrumental in the growth of P2E games. Immutable coin is among the top P2E coins that have been making rallies amid the latest market scare, which saw many tokens go down. For context, the Immutable price has been on a downtrend, recording roughly 17% outflow in the past week, according to CoinMarketCap data.
However, within the last few days, the Immutable price has been on an upward trajectory, recovering from what had been initially lost. Additionally, Immutable Coin is also recording a heightened influx of market activities, with its market cap rising by 9.28% to $3.023B. Immutable trading volume is also up by 5.08% to $73.54M. With heightened investor interest, Immutable price could continue its surge in the coming days.
Analysts Remain Bullish about Gala Price
Meanwhile, Gala Price has gained momentum in the market with its innovative gaming and blockchain technology approach. A few weeks ago, Gala Price managed to maintain a steady growth pace, but it quickly sank down, registering over 22.61% outflows in the last week.
The current downtrend is attributed to the broader bearish market. At the moment, the Gala coin is in a price recovery stage. Looking at the technical outlook for the Gala coin, its indicators are currently flashing green. Even with the bearish market, several analysts believe Gala price will experience a further resurgence in the coming days.
KangaMoon (KANG): Best P2E Coin Investment Promising 100x Potential
KangaMoon is emerging as a top P2E coin that will rally after Bitcoin Halving based on its growth potential. For context, the KANG token has continued to attract investors, garnering over 6000 holders and over 20000 community members. Having raised over $5M in the presale, analysts foresee a 50x return in the coming months.
With a P2E functionality, KangaMoon will allow users to participate in weekly, monthly, and quarterly challenges, which gives them a chance to earn rewards. Those not participating can bet on matches and win prizes. Additionally, users can also earn rewards when they participate in community activities.
For instance, they can engage with KangaMoon’s social media content by liking, sharing, commenting, and tweeting about the project. In turn, lucky winners would receive a free KANG token before the official launch. This SocialFi element aims to promote the project on social media. So far, the move is working since KangaMoon is among the top P2E coins with the highest active social engagement.
Currently, in the Stage 5 presale, the KANG token is sold for $0.0196. Early investors have already recorded a 290% ROI from its initial price of $0.005. With a 10% bonus attached to each deposit, now is the optimal time to join the KangaMoon community. Savvy investors are already capitalizing on this opportunity to accumulate the token.
Will KangaMoon Outpace Immutable and Gala?
While Immutable and Gala are experiencing rallies, the KANG token continues to attract investors. With a potential Tier-1 CEX listing that is expected to pump its value to $0.5, KangaMoon has an advantage over them. For one, the KANG token has a small market capitalization of about $19.6M, meaning it only requires fewer funds to trigger an increase in price. Because of this, analysts see KangaMoon among the best P2E coins to invest in 2024.
Discover the exciting opportunities of the KangaMoon (KANG) presale today!
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