Renowned cryptocurrency analyst Rekt Capital has shared some optimistic views on Bitcoin Cash (BCH). Meanwhile, two other altcoins, KangaMoon (KANG) and Toncoin (TON), are gaining traction in the market. Numerous analysts have identified KangaMoon as the next altcoin to reach a value of $1 by 2024. Let’s delve into the reasons behind this prediction.
Rekt Capital: Bitcoin Cash Establishes New Support Level
Bitcoin Cash (BCH) has recently seen positive price movement. According to data from CoinMarketCap, the price of Bitcoin Cash has surged from $406 to $545 in the past 30 days alone, with its market capitalization rising from $8 billion to $10.76 billion. Rekt Capital, a crypto analyst, suggests that this altcoin has successfully retested its long-term downtrend and transformed it into a new level of support.
The technical analysis of Bitcoin Cash also presents a bullish outlook. For instance, 19 technical indicators are signaling positive momentum for this altcoin, which is currently trading above its 100 and 200-day exponential moving averages (EMAs). As a result, experts have made a bullish price prediction for Bitcoin Cash, projecting its value to reach $620 by the second quarter of 2024.
KangaMoon (KANG): A 290% Surge
KangaMoon (KANG), an altcoin currently in its presale phase, has already provided early investors with a return on investment (ROI) of 290%. It has garnered over 20,000 community members and boasts 5,800 token holders. The ongoing presale has raised over $4.9 million, with a potential to reach $6 million by the end of April 2024, positioning KangaMoon favorably in the market.
What makes KangaMoon even more appealing is the anticipation surrounding the launch of its Play-to-Earn (P2E) game, where KANG tokens will serve as the primary in-game currency. This altcoin will be used to purchase items, enhance characters, and offer token holders exclusive challenges that can earn them additional tokens.
Moreover, KangaMoon is actively fostering a vibrant community by giving away free KANG tokens to its most engaged members before its official launch. Consequently, numerous individuals are now sharing and liking KangaMoon’s social media content.
Currently priced at $0.0196 per KANG during Stage 5 of its presale, this altcoin has experienced a 290% growth from its initial price of $0.005. Market analysts predict that KangaMoon will reach a price point of $1 once it is listed on a Tier-1 Centralized Exchange (CEX) in the second quarter of 2024. This trajectory positions it among the top altcoins, especially considering the projected growth of the P2E gaming sector to $885 million by 2028.
Toncoin (TON): QW Remains Bullish
Toncoin (TON) has also garnered attention in the altcoin market. In the past month alone, the price of Toncoin has increased from $3.69 to $7.06, with its market capitalization jumping from $12.56 billion to $24.51 billion. Crypto analyst QW highlights Telegram as the most intriguing ecosystem at the moment, with significant resources being invested in it.
From a technical analysis standpoint, this bullish trend for Toncoin may continue. Notably, Toncoin is trading above its 50 and 100-day EMAs, and 24 technical indicators are signaling a buying opportunity. Consequently, market analysts predict a rise to $3.39 before the second quarter of 2024 in their Toncoin price projections.
Can KangaMoon Outperform Bitcoin Cash and Toncoin?
With a market capitalization of $19.6 million, KangaMoon has the potential to overshadow Bitcoin Cash and Toncoin. In other words, KangaMoon requires a much smaller influx of new funds to drive its price up. Given that traders are actively seeking altcoins with strong potential, KangaMoon could stand out in this sector. Interested individuals can sign up using the links provided below and receive a 10% bonus on each purchase.
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