Crypto Coins To Diversify Your Portfolio in Q4: Kangamoon (KANG) Shiba Inu (SHIB), XRP (XRP)
Diversifying your cryptocurrency portfolio is a prudent strategy to manage risk and seize potential opportunities in the crypto market. As we near the fourth quarter of 2023, let’s explore three prominent cryptocurrencies that can help diversify your holdings: Shiba Inu (SHIB), XRP (XRP), and the promising newcomer, Kangamoon (KANG).
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Shiba Inu Developments Make SHIB a Good Buy
Launched in August 2020, Shiba Inu initially gained mainstream attention during its 2021 price explosion. However, in 2023,Shiba Inu is looking to reinvent itself with the addition of utility to the ecosystem.
In August, the Shiba Inu coin launched its layer 2 network, Shibarium. Following the success of Shibarium, the project is preparing to launch other projects that could cause the price of Shiba Inu to increase.
Among these projects include ShibaSwap 2.0, a new token, TREAT, Shibahub, and a Metaverse platform. Crypto experts have projected that the Shiba Inu price could increase significantly as the project launches in the fourth quarter.
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XRP Projected To Rise in Q4
Ripple (XRP) has been at loggerheads with the Securities and Exchange Commission for nearly four years. Following the Ripple lawsuit win in July, the regulator filed an appeal to revisit the case, causing the price of XRP to drop.
However, cryptocurrency analyst, Jungle Inc 2.0, has noted that the case may swing in favor of Ripple. If this happens, the XRP price has been projected to increase, with many analysts forecasting a target above $1.
On the flip side, if the SEC wins the appeal, the XRP coin could potentially decline by 30%-40%, losing the $0.400 support in the process. However, recent trends in the case put Ripple at a better chance of winning the case – a bullish outcome for the altcoin.
The New P2E Game of Kangamoon Catches Gamers’ Attention
Blockchain gaming is one of the fastest-growing sectors in crypto, projected to maintain a Compound Annual Growth Rate (CAGR) of 17.93% until 2028. In this exciting sector, Kangamoon has caught the attention of many gamers with its new gaming concept.
This new boxing blockchain P2E game infuses elements of meme coins for more exciting gameplay. In the virtual world being created, players will go on a journey as Kangamoon, a spirited kangaroo with a passion for the sport.
Players will earn rewards in digital assets and collectibles for participating in fights and tournaments within the virtual world in this P2E game. In addition, to develop and customize their avatars, improving their strength, skills, and special abilities to increase their chances of winning.
Kangamoon has captured the interest of P2E gamers and investors alike by blending real-world gaming applications with a strong community of meme coin lovers. The project is currently in its first presale stage, and its ecosystem currency, KANG retails at $0.005 per token.
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Source: https://www.analyticsinsight.net/diversify-your-portfolio-in-q4-with-top-cryptocurrencies-shiba-inu-xrp-and-kangamoon/