The post KangaMoon Leaps Forward, Leaving 1inch and Toncoin in the Dust appeared first on Coinpedia Fintech News
With its presale, which generated over $8 million in revenue, and the token which has produced early investors with almost 2,000% ROI after listing on BitMart and Uniswap, KangaMoon has made a major impact. Already operational, the staking dApp of the project offers holders another income source.
On the other hand, 1-inch’s market capitalization has dropped and now comes under $495 million. After peaking at almost $0.40, the price of 1 inch corrected even though it broke above several Fibonacci levels. Meanwhile, driven by its connection with Telegram’s cryptocurrency system, Toncoin has attracted a lot of interest. Still, the price is now under opposition around the $8.2 mark formed by its ATH, which will make more upward movement difficult.
KangaMoon Witnesses Strong Bullish Momentum
Due to KangaMoon’s exceptional performance during its recently ended presale, which generated over $8 million in revenue, analysts and investors have taken notice. Moreover, early investors who purchased KANG tokens when it was still $0.005 have recorded about 2,000% ROI already as the token has surpassed the $0.1 mark after listing on BitMart and Uniswap, as seen on CoinMarketCap and CoinGecko, recording over 150% jump post-listing.
Meanwhile, the staking dApp is already operational, hence KangaMoon presents this feature as an additional way for holders to earn more money. In addition, the KangaMoon project seeks to capitalize on the expected $88.6 billion Play-to-Earn gaming market by 2028. In this project, players will be able to take part in challenges and competitions. These contests award real money, NFT coins, and complimentary KANG tokens to the winners.
Additionally, the KangaMoon project plans to launch an NFT marketplace and metaverse in the future, where users will be able to purchase NFT coins. Having already reached a $100M market cap, analysts expect KangaMoon to reach $1 billion this year. Meanwhile, the token keeps garnering attention as it has attained the top 10 position on CoinGem, further supporting its potential.
1inch Market Cap Dips
The analysis of the 1inch price shows that after the price broke above the consolidation pattern, bulls were able to push the 1inch price above several Fib channels. But the price of 1inch experienced a correction and is currently declining after reaching a high of around $0.40.
In addition, the 1inch market cap also saw a decline as it has fallen below the $495 million mark. Meanwhile, the price of 1inch could fall below the immediate support line at $0.38, which could lead to a correction to $0.25 if the 1inch bulls are unable to start a surge.
Toncoin Price Challenged With ATH Resistance
Since Telegram integrated its cryptocurrency system, Toncoin has attracted a lot of attention which has also impacted the regular Toncoin trading volume. Toncoin has experienced phenomenal growth since its launch.
While the Toncoin price began the year at $2.3, it has yet again surpassed the $8 mark after attaining a new ATH some weeks ago. Moreover, the Toncoin trading volume is further increasing as the price is now faced with the challenge of overcoming the resistance that was formed by the ATH around the $8.2 mark.
KangaMoon Poised For Further Growth
The fast climb of KangaMoon in the crypto market sets a high standard and shows the possibility of creative ideas to grab investor attention and show amazing expansion. KangaMoon is well-positioned to keep its trajectory, maybe reaching a $1 billion market capitalization by the end of 2024, with its successful presale, optimistic momentum, and strategic plans in the Play-to-Earn gaming market.
Discover the Exciting Opportunities with KangaMoon (KANG) Today!
Website: https://Kangamoon.com/
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