KangaMoon (KANG): A Potential Market Ruler in July 2024, Outshining Polkadot (DOT) and Fantom (FTM)

Polkadot (DOT) and Fantom (FTM) have recently demonstrated signs of price recovery, with both showing green charts. However, experts are now interested in a new participant who may rule the market in July 2024: KangaMoon (KANG).

As 2024 progresses, the cryptocurrency market has witnessed substantial shifts, with certain coins experiencing remarkable gains. Among these, Polkadot (DOT) and Fantom (FTM) have shown promising price recoveries, evidenced by their green charts. However, a new participant has emerged, captivating the attention of experts and traders alike: KangaMoon (KANG).

While DOT and FTM have seen gains of 10% and 65%, respectively, over the past 12 months (as reported by CoinMarketCap), KangaMoon has achieved an impressive 400% ROI from its presale, putting it in prime position for another meteoric rise in price. In fact, market analysts have pegged KangaMoon as the next $0.5 crypto by 2024, thanks to its unique GameFi project and strong presale performance.

Let’s delve deeper into why these three coins are making headlines and what market analysts have to say about their futures.

Polkadot (DOT) Technical Analysis

A closer examination of Polkadot (DOT) reveals bullish momentum, with the coin increasing by over 10% in the past year alone (as per CoinMarketCap data). Moreover, market analyst AMCrypto has observed a bullish divergence setting up for DOT in his recent post on X. According to his analysis, DOT could be primed for a price breakout above crucial resistance at the $8 level.

This statement is further supported by the technical analysis of the Polkadot crypto. For instance, DOT trades above its 100—and 200-day EMAs, while 17 technical indicators are green. These factors have collectively led market analysts to make a bullish Polkadot price prediction, envisioning the price of DOT reaching $8.48 before the end of Q3 2024.

DOT is currently trading at $7.83, encountering resistance at the $8 level. However, with strong technicals and a bullish divergence, DOT could be poised for a breakout in the coming weeks.

FTM Technical Analysis

Meanwhile, let’s shift our focus to another interesting coin, the Fantom (FTM) crypto. According to data from CoinMarketCap, FTM has seen some exciting movements, surging nearly 65% in the past 12 months. Crypto expert EliZ also remains bullish for this crypto in his recent analysis on X, where he highlights a clear weekly retest for the Fantom crypto, which could trigger a bullish run in the next few weeks.

From a technical analysis perspective, the future of the Fantom coin also looks promising. Notably, FTM trades above its 100 and 200-day EMAs while having seven technical indicators in the buy zone. As a result, experts in the crypto field foresee the price of FTM reaching $0.73 within Q3 of 2024. This Fantom price prediction makes it one of the cryptos to watch.

At press time, FTM is trading at $0.68, facing resistance at the $0.7 level. However, with bullish technicals and a strong community behind it, FTM could be gearing up for a breakout in the coming weeks.

KangaMoon (KANG) Technical Analysis

Last but not least, we have KangaMoon (KANG), a new cryptocurrency that’s making waves in the crypto world. Instead of being just like any other blockchain project, KangaMoon has created a space for itself with its innovative SocialFi and Play-to-Earn (P2E) ecosystems. This unique approach involves a broader audience through an interactive, rewarding platform.

KangaMoon recognizes community members’ engagement and activity by rewarding them with KangaMoon tokens. In combination with this SocialFi aspect, KangaMoon also taps into P2E by allowing users to create characters and compete in battles. This feature makes the platform more interesting for gamers and a good place for crypto lovers.

The KangaMoon presale was an overwhelming success, raising over $8M, having nearly 32,000 registrations, and providing early buyers with a 400% ROI. During this time, the KangaMoon price rose from $0.005 to $0.025 – a big achievement for this rookie.

While already listed on data aggregator sites like CoinMarketCap and Coingecko, KangaMoon recently announced it went live on significant exchanges like Uniswap and BitMart. Because of this, market analysts foresee its current price of $0.08 rising to $0.5 once a Tier-1 CEX lists it in Q3 of 2024 – a 525% ROI for those who buy it now.

KangaMoon is currently trading at $0.08, showing strong support at the $0.07 level. With a low market cap,

The above is the detailed content of KangaMoon (KANG): A Potential Market Ruler in July 2024, Outshining Polkadot (DOT) and Fantom (FTM). For more information, please follow other related articles on the PHP Chinese website!