Amid the market correction, Helium has retested a key support zone, triggering speculations of an upcoming market rally. In contrast, Compound has dropped below a crucial key support zone as concerns build up over the project’s future. In another development, KangaMoon has surged by over 100% on listing as smart whales move to accumulate the token.
KangaMoon, which raised over $8M in presale, continued to gain popularity weeks after finalizing the presale, with over $4M in daily trading activity. This surging momentum showcases KangaMoon’s potential as one of the best crypto projects.
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KangaMoon Price Surges As Token Hits Major Exchange
Having successfully finalized the presale a few weeks ago, the KangaMoon native token KANG has hit major exchanges, triggering massive rallies. For context, KangaMoon is a revolutionary crypto project that combines two key features of GameFi and SocialFi structure to offer users a seamless experience on the platform.
The KangaMoon presale was a success as the team raised over $8M and sold millions of tokens with more than 33k community members. The token, which started at $0.005, surged to $0.025 by the end of the presale. As such, those who skipped the presale lost a whopping 400% ROI. However, there is still an opportunity to earn with the ongoing listings.
So far, the token has been listed in BitMart and Uniswap as the KangaMoon price heads to the moon. At the same time, the token has been listed on CoinMarketCap and Coingecko. Recent data from CoinMarketCap shows that KangaMoon’s price has surged by over 100% in the past 24 hours with the KangaMoon market cap closer to $100M.
Notably, the KangaMoon staking dApp is also live, allowing holders to stake their tokens for maximum APY. According to popular crypto analysts, such as Sunday on X, KangaMoon is heading to the moon. With the token set for listing in other top CEX exchanges, KangaMoon could emerge as one of the best crypto projects of 2024.
Helium Price Analysis — Can Helium Break Key Resistance Trendline?
Helium, a decentralized blockchain-powered network for the Internet of Things (IoT) devices, is one of the cryptos witnessing a resurgence. After battling the bears for a whale, the Helium price has set support above the $3.5 mark.
CoinMarketCap data shows that both the Helium trading volume and market cap are in the uptrend. Also, the technical analysis shows that Helium market sentiment is bullish. With the over 8% gains in the past week and the increasing market activity, analysts are optimistic of a rally in the coming weeks.
Compound Price Prediction — Can the Token Bounce Back
Compound, a DeFi lending protocol that allows users to earn interest on their crypto deposits, is another crypto struggling with the bears. After hitting $95 in March, the Compound token has dropped below the crucial $50 support zone as holders’ confidence drops.
CoinMarketCap stats reveal that the market activity is declining, with the Compound trading volume on a downtrend. The technical analysis shows that Compound market sentiment is bearish, with the coin trading below the 50-day and 200-day EMA. As such, holders are navigating to promising cryptos like KangaMoon.
Which of the Above Cryptos Should You Invest in Now?
With the Compound token on a downtrend, a resurgence could be far with the declining market activity. Helium market activity is rising, which could trigger a rally. However, the returns might not match that of KangaMoon, which has surged by over 160% in the past week. With the KangaMoon token set for more CEX listings, a potential 200% rally is possible.
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