This Week’s Crypto Gainers: Top Cryptocurrencies Surging Amid the Current Market Dip
The broader crypto market is experiencing bearish sentiments, with many coins losing value over time against the dollar. On the flip side, several coins have remained resilient on market charts, recording substantial gains against the greenback. Monero (XMR) has experienced an upswing over the last seven days.
During the same time period, Ethena (ENA), Helium (HNT), and Sei (SEI) have climbed up, adding substantial gains in their value. Meanwhile, KangaMoon continues to gain traction in its presale, recording a new milestone of over $6 million in revenue funding. This article will explore why these altcoins are surging amid the market dip.
KangaMoon (KANG) Continues to Gain Traction on its Ongoing Presale
A new meme project, KangaMoon (KANG), recently debuted its crypto presale, which has drawn attention in the meme coin market with its unique P2E gaming concept and community-driven approach. Unlike other meme coins that rely on hype, KangaMoon’s native token offers utility, making the meme project a top contender that could challenge well-established cryptos in 2024.
As a platform, KangaMoon intends to build a community of meme enthusiasts and traders. They will interact in fun-filled challenges and tournaments and ultimately earn rewards in the form of KANG tokens and rare NFTs. Moreover, the KANG token will serve as an in-game currency for the platform.
Just in its presale stage 5, KangaMoon has had a remarkable performance. For context, it has already amassed over 20,000 sign-ups with over 6,000 holders. Moreover, early buyers who joined the KangaMoon community in its stage 1 presale have recorded over 290% ROI. With the current momentum and a Tier-1 CEX listing in Q2, KangaMoon’s price could climb to $0.5.
Strategically, KangaMoon has positioned itself to enter the multi-million P2E gaming industry, projected to increase in value to $885 million by 2028, and the meme coin could potentially open this market to its investors. With this view, experts hint at the price of KANG pumping by 100x by the end of 2024. Therefore, now is the best time to join the KangaMoon community.
Monero Price Movements and Analysis
Another crypto that has shown market resilience in its intra-day charts is Monero (XMR). Prioritizing transaction privacy and anonymity, Monero Coin deploys advanced cryptography to enhance privacy.
While most cryptocurrencies are facing a dip, Monero crypto has witnessed a remarkable increase in value. Over the past week, Monero’s price has had a steady rise, recording a 0.62% increase in value, according to CoinMarketCap data. Moreover, Monero’s 24-hour trading volume has witnessed substantial upswings, with a tremendous 7.91% bounce.
Looking at Monero’s technical analysis, most of its indicators are flashing green, suggesting the coin is gearing up for a potential rally. Should the current rally continue, Monero’s price would reach $270 by the end of 2024. Many experts have, therefore, made bullish Monero price predictions.
Sei (SEI) Price Fluctuation and Market Trend
The Sei coin has been fluctuating between $0.53 and $0.67. Over the past week, the price of Sei surged by 4.79%, which was a positive outlook, having dropped by 25.56% over the past month. However, over the past six months, the Sei coin price managed to record an outstanding 451.89% surge. Currently, the price of Sei coin has been indicating a mix of ups and downs, suggesting that the Sei coin is undergoing alternating impulsive as well as corrective moves.
For Sei, hitting the $0.75 mark may be an indication of further gains, as this is such a crucial point that marks the coin’s resistance level. Surpassing such a mark means that Sei’s price prediction of $0.88 could be a reality. However, if it falls to $0.47, then this might be an indication of a stronger fallback to the $0.33 level. Moreover, short-term Sei price averages hovering around the $0.61 hint of possible stability with an RSI near 57, showing a balance between overselling and overbuying.
Ethena (ENA) Price Surge on Crucial Integration
Since its launch, Ethena (ENA) has been experiencing a remarkable rally in value, with the ENA price increasing by over 20%. However, despite the Ethena price dipping by more than 18% within the past week owing to a downturn in the overall crypto market, this top crypto-to-buy outlook remains positive due to the coin’s expanding usage.
Moreover, partnering with leading wallet providers, including OKX and Bitget, seems to help increase the adoption of the Ethena platform. Trading at around $0.88, according to CoinMarketCap, analysts believe that the Ethena price prediction will continue to rise substantially in the near future. Their forecast suggests that the Ethena price value might pump as high as $3.91 in 2024.
Helium (HNT) Price Pumps by 44%
The price of Helium (HNT) managed to hint at a 17% surge to trade at $5.575. This outstanding crypto also recorded a weekly surge of 44% from $3.98 to a high of around $5.57. Trading at around $5.70 according to CoinMarketCap, Helium coin also recorded a market cap of $920 million, with a 225% in trading volume reaching $69M.
Moreover, overall chart analysis showcases that the Helium coin exhibits a bullish characteristic and might even break higher. If the price of Helium continues to attract more buying interest, it might achieve a Helium price prediction of $8.0 or $10. However, if the price falls to sustain its support level of $3.50, then it might decline to hit a lower support level.
Conclusion
These coins have stood up as the best cryptocurrencies to invest in. They are well positioned to benefit from the general market recovery, making them the top crypto coins undergoing a surge. KangaMoon, one of them, offers investors optimism that they could witness a significant price rally within 2024.
Discover the exciting opportunities for the KangaMoon (KANG) presale today!
Website: https://kangamoon.com/
Join our KangaMoon Community: https://t.me/kangamoonofficial
