KangaMoon (KANG) has been on the verge of a breakthrough. It is close to hitting $100k in Stage 1 of its presale. Some analysts even believe it could become the next 100x meme coin in 2024. Meanwhile, Ethereum and NEAR Protocol (NEAR) continue soaring on the price charts. These tokens contribute to the altcoin season that has swept the crypto market.
KangaMoon (KANG): A One-of-a-Kind Meme Coin
KangaMoon (KANG) is different from many meme coins. It has something real to offer: utility. You can use the KANG token inside the KangaMoon ecosystem for all sorts of activities. This ecosystem will combine Social-Fi and Play-to-Earn (P2E) elements.
For instance, you can engage in battles and tournaments or even bet on fights in KangaMoon. The KANG token is crucial as holding it will also provide access to weekly, monthly, and quarterly challenges. Completing these challenges results in obtaining extra tokens and in-game items.
Not only that, these items can then be sold or traded on the KangaMoon marketplace. As a result, you can monetize your gaming time with this innovative DeFi project.
With a presale advancing at full speed, KangaMoon has already amassed nearly $100,000 and caused quite a stir among the crypto community. It’s priced at $0.005 per KANG token in the Stage 1 presale, but analysts expect it to soar past 100x once it hits exchanges in Q2 of 2024 as a meme coin.
Analyst Crypto Rover: Ethereum (ETH) Is Knocking Into Resistance
Recently, Ethereum (ETH) has also seen some exciting growth. In fact, CoinMarketCap data shows that the Ethereum price surged from $2,304 to $2,487 in the last week alone. During that time, its market cap also increased from $278B to $299B. Analyst Crypto Rover stated that this altcoin has now knocked into resistance.
With a bullish sentiment, as 26 technical indicators are green, experts remain confident in their Ethereum price predictions. In fact, they forecast a pump to $2,703 for this altcoin in March 2024.
NEAR Protocol (NEAR): New Partnership With D3
Meanwhile, there were some note-worthy developments for the NEAR Protocol (NEAR). For instance, NEAR Protocol announced a new partnership with D3 to submit an application for .near as a top-level domain. The move is strategic and will help bring digital identities — essentially linking the open web era’s Web2 and Web3 landscapes.
This NEAR Protocol news may trigger a rally for this token. The NEAR Protocol crypto value has increased from $2.82 to $3.01 in the last seven days. In that period, its market cap pumped from $2.91B to $3.11B. The technical analysis for this altcoin also shows a bullish picture as 24 indicators are green. Because of this, experts predict a surge to $3.30 in March 2024.
Will KangaMoon Outpace Ethereum and NEAR Protocol?
With a $5M low market cap, KangaMoon is set up for quick growth. Compared to Ethereum and NEAR Protocol, it needs fewer new funds to surge. This puts KANG in an advantageous position where it could be the front-runner in the altcoin market.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
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Source: https://blockchainreporter.net/ethereum-eth-and-near-protocol-near-contribute-to-altcoin-season-kangamoon-kang-closes-in-on-100000/