CCData’s Analytic Report Suggests The Crypto Market Is Set To Soar; These Top Altcoins Stands Out As Hottest Investment
According to CCData analysis, one of the main highlights of the altcoin market so far is its 51% increase in DEX trading volumes and a significant rise in liquidity on CEX platforms, reaching $1.01 trillion in H1 2024. Amid the increase in institutional adoption, coupled with the increasing confidence and participation in the DeFi market, experts are ranking these tokens among best cryptos to invest in for Q3 and Q4 gains; Terra coin (LUNA), GMX crypto, and KangaMoon (KANG), with the latter being a newly listed meme coin token that has already rewarded early buyers with over 400% ROI.
KangaMoon (KANG) Is The Next Multi-Purpose Meme Coin To Boom Like Floki
Opposing all odds, KangaMoon token was able to grow astoundingly well in its presale phase. Starting from a meager price of just $0.005, the token saw a 400% rise in price to $0.025 as early investors and community members earned substantially from its bullish presale performance and the community SocialFi token giveaway it conducted while in presale. So far, the performance of this crypto has positioned it among the best meme coins to watch this year.
Basically, KangaMoon rewards its users when they engage with the platform through player to player battles and betting on battle outcomes. Industry experts are speculating that KangaMoon will dominate the meme coin market because of its high staking rewards. Unlike many other projects that offer lower APY rewards, users can earn up to 90% profit on their staked assets, increasing its appeal in the DeFi market.
Throughout its presale stage, the meme coin was able to raise a substantial $8 million with 32,000 active users. But with its gaming website planning to launch really soon, we’re expecting to see it grow magnificently as its market cap has already crossed over $100M upon listing on CoinMarketCap, CoinGecko, Uniswap and BitMart. Experts are even projecting the market cap to hit $1B this year.
Entering into the online gaming market with an immersive Web3 ecosystem dubbed “Kangaverse”, KangaMoon is not just like every other hype-driven meme coin platform taking up market space. With its varied utility and engaging ecosystem, the potential for it to rank among top cryptos to buy this year is very high.
Terra (LUNA) Token Can Potentially Recover This Year From Through Influential Growth
Since the FTX collapse in a few years, Terra (LUNA) coin has fallen to its lowest level and has remained in a bearish state for the past three years. While most $LUNA holders have more or less lost hope, the unpredictable might happen as Terra coin has shown considerable potential to follow up with the bullish momentum in the altcoin and DeFi market this year. After retesting $1.5 few at the start of the year, Terra has proven to be possibly more flexible this year.
GMX Crypto May Take Advantage of Avalanche Positivity This Year
As a fully decentralized exchange platform on Avalanche and with more extension to Arbitrum network, GMX token is signaling to feature among top profit gainers this year. GMX has also shown high volatility since its launch in 2022, reaching peak prices and dropping to its lowest levels several times. Hence, in lieu of the upcoming altcoin market wave, GMX may eventually rise up to reach another peak or more this year.
When Will KangaMoon Likely Hit $5?
As a meme coin, the possibility of Kangmoon hitting $5 from its current $0.103 on CoinMarketCap is very likely this year. Before Q4, we are expected to see KangaMoon attempt this feat or even surpass it and rank as one of the highest-gaining cryptos to buy.
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