Bittime - Two well-known altcoins, Ethena (ENA) and Chainlink (LINK), are surging. Meanwhile, traders are busy talking about KangaMoon (KANG), which is predicted to experience an extraordinary price increase.
In fact, certain analysts predict that KANG, this stage 5 presale star, could soar 50x by 2024. Let's see why.
Ethena Price Skyrockets After Listing on Coinbase
Ethena (ENA) has shown a tremendous increase of late. CoinMarketCap data shows that the price of ENA jumped from $0.63 to $0.83 in just the last 30 days.
Ethena's market capitalization also rose from $789 million to $1.19 billion. This increase was most likely caused by the announcement of the listing of ENA's futures contract on Coinbase.
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If we look at Ethena's technical analysis, this bullish trend is expected to continue. For example, there are currently six technical indicators that provide positive signals for this altcoin. Therefore, market analysts predict that the price of Ethena will rise to $1.24 in the second quarter of 2024.
Ali Martinez: Chainlink Price Could Reach $15.50
Meanwhile, Chainlink (LINK) has also become the center of attention as one of the altcoins to watch out for. According to CoinMarketCap data, the price of this altcoin moved between $12.19 (low) and $19.25 (high) over the last 30 days. Chainlink's market capitalization fluctuates between $8.20 billion and $11.22 billion.
Also read: Chainlink Launches Transporter, This Is the Impact on LINK Prices
Crypto analyst Ali Martinez remains optimistic with his prediction that LINK price will rise to $15.50, signaled by a green signal from TD Sequential. Additionally, Chainlink price is currently above the 100 and 200 day EMA.
Crypto experts predict a rise to $21.21 before the end of the second quarter of 2024, based on their Chainlink price predictions.
KangaMoon (KANG) Soars 290%, Upside Potential Still High
In the midst of talk about ENA and LINK, KangaMoon (KANG) is in the spotlight because it is predicted to experience a significant price increase. Currently, KANG is selling well in presale and has soared 290% with earnings of more than $6 million.
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This figure is projected to reach $7 million before the end of May 2024 as many global traders are interested in this altcoin.
Recently, KangaMoon announced a major collaboration with RaidSharks, which will bring exciting raids and a $1,000 monthly prize pool to its community.
Also read: Crypto Soars: Leading KangaMoon, VET and GALA Predicted to Rise!
This shows KangaMoon's community-first focus. In addition, KangaMoon is currently giving away free KANG token prizes to their most active members before the official launch.
KANG tokens will be important in KangaMoon's upcoming P2E (Play-to-Earn) game. With these tokens, anyone can purchase in-game items and upgrade their characters.
Plus, KANG holders get exclusive access to weekly/monthly/quarterly challenges to earn additional game tokens and items. They can even sell these items on the KangaMoon marketplace.
Currently, the price of one KANG token is only $0.0196 because it is in stage 5 of presale. This is a 290% increase from the initial price of $0.005. However, experts see the potential of KANG connecting with the P2E gaming market, which is estimated to reach $885 million by 2028.
Therefore, they predict a bright future for this altcoin, with its value soaring 50x after being listed on CEX Tier-1 (a leading crypto trading platform) in the second quarter of 2024.
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What Makes KangaMoon Stand Out Compared to Ethena and Chainlink?
The basic difference between KangaMoon, Ethena, and Chainlink lies in their market capitalization. For example, KANG's market capitalization is currently only $19.6 million, while the market capitalization of its competitors is much higher.
This means KANG needs less new funding for its price to soar.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
ANZ and Chainlink Open the Potential of Tokenization on the Avalanche Blockchain
Analysis: Chainlink (LINK) Potential Bull Run, Price Target $40?
Ethereum Based Altcoin: Ethena (ENA) on Binance
Ethena Airdrop Distribution: Providing Benefits to Ethana Shard Holders
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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