Chainlink (LINK) and Polkadot (DOT) traders seem to be shifting their attention to a new meme coin known as KangaMoon as the bull run of 2024 continues. With both investors seeking fresh opportunities, this new meme coin is set to stir excitement, offering a 290% ROI for early investors. As the market dynamics keep on changing, identifying the best crypto to invest in might be a challenge. However, KangaMoon offers a glance at what could potentially shape the next phase of the meme coin market.
Chainlink (LINK) Price Under Retest with A 100% Upside Potential
With BTC’s halving closing in, most cryptos are preparing for the next big season with an underlying growth in demand. Amid this, the price of Chainlink’s momentum continues to indicate a high likelihood of a surge with a potential retest. Having started the month of March trading above the $19 mark, according to CoinMarketCap, Chainlink’s price seems to have dropped in recent weeks.
However, despite the Chainlink price dip, this crypto emerges as a strong candidate with an upside potential of 100%. The current price prediction of Chainlink indicates that it could surge to reach the $50 mark by the end of 2024.
Polkadot (DOT) Showcases Varied Price Trends
The price of Polkadot (DOT) has dropped slightly by 1.85% over the last week and 26.32% over the past month. However, Polkadot has been showcasing an impressive price surge for the last six months, jumping 130.98%. According to CoinMarketCap, Polkadot is currently trading at around $8.21 and $8.88. However, Polkadot is showcasing a mix of upward and downward price actions.
The price prediction for Polkadot, therefore, has varied trends. On the bright side, Polkadot might undergo a further price increase to reach the $12.19 mark, based on its six-month strong gains. On the flip side, current Polkadot indicators like RSI hint at downward pressure for the short term, where Polkadot could retest its support level of $7.18 or $5.51 if the dipping momentum continues.
KangaMoon (KANG) Attracts Investors in Final Presale Stage
As investors continue to monitor the current market scenarios, one project that seems to be standing out is KangaMoon (KANG). While this new project combines the strengths of both SocialFi and P2E, it also takes a step ahead among the emerging utility-focused meme coins.
KangaMoon, therefore, brings together the best of GameFi, meme coins, and community-driven crypto into the crypto ecosystem. Backed by a fun-filled crypto environment, KangaMoon intends to create a platform that offers token holders a chance to interact, compete and also earn KANG tokens. Additionally, holders won’t have to wait until the KangaMoon launch to start earning the tokens.
Having raised over $4.7 million, KangaMoon aims to cross the $6 million mark by the end of April. With such a success, the platform has recorded over 20,000 registered members and more than 6,000 token holders. Its price has also increased significantly from a starting price of just $0.005 to $0.0196, a price that could be a massive bargain for KANG.
This outlook sets KangaMoon apart from the rest of the meme coins and positions it ahead of the new projects. In its final stage five presale, KangaMoon has the potential to settle among the best meme coins of 2024, offering a 100x growth potential.
Conclusion
Despite Chainlink and Polkadot’s strong foundation within the crypto market, KangaMoon seems motivated enough to push its limit to settle among the best meme coins of 2024. With a low market cap of just $19.25M, KangaMoon is certainly on the right track to becoming an investor’s favorite, offering up to 100x return potential.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
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Source: https://blockchainreporter.net/chainlink-and-polkadot-traders-interested-in-a-new-meme-coin-after-hitting-its-all-time-high/