Why Are Ripple and Solana Surging Amid This Market Dip? A New Altcoin KangaMoon Raises $6M

by BSC News

May 5, 2024


Despite a market downturn, Ripple and Solana continue to rise in value while a new altcoin, KangaMoon, gains $6M in its ongoing presale.

During the crypto market dip, two altcoins have had many developments that drove the price up - Ripple (XRP) and Solana (SOL). On top of that, a new altcoin called KangaMoon (KANG) has also made waves in this space. This Stage 5 presale star has obtained over $6M so far. Many analysts hint that KANG could become the next $1 altcoin in 2024. Let’s see why. 

Ripple Crypto Surge and Direct Lending Proposal

Even though the crypto market has been down, Ripple (XRP) has shown some resilience. Among the many things driving Ripple’s continued growth is the idea of implementing direct lending on the XRP Ledger. According to RippleX, this lending protocol will bring simplicity and a modular and flexible design. 

Over the past year, the Ripple coin saw a surge of 12.29%. The Ripple market cap sat at $28.81B during that time. Experts remain bullish, as seven technical indicators are flashing green for this altcoin. They foresee a potential rise to $0.66 for Ripple before the end of Q2 2024. 

The Solana-Bitcoin Bridge Gets a Release Window

The strong ecosystem and increasing adoption of Solana (SOL) have been driving its price up amidst the general volatility in the market. Zeus Network has announced a cross-chain bridge between Solana and Bitcoin named Zeus Program Library, which will launch in Q3 of 2024. This development has also contributed to the bullish case for the Solana coin. 

This altcoin’s price jumped by 520% with a market cap sitting at $61.62B. Thanks to eleven technical indicators in the buy zone for Solana, market analysts are confident in its long-term growth potential. They predict a jump to $177 for Solana within Q2 of 2024. 

KangaMoon (KANG) Presale on Pace To Reach $7M

In the middle of all this market madness, KangaMoon (KANG) is a new altcoin that has attracted significant attention from traders. The project’s presale raised $6M, an impressive feat that shows people are interested in this altcoin. It may even reach $7M before the end of May 2024. 

Essentially, KangaMoon taps into the flourishing Play-to-Earn (P2E) gaming market, which is projected to reach $885M by 2028. It will accomplish this by creating its very own P2E game. In this game, you can use the KANG token as an in-game currency. With this altcoin, you may buy in-game items and upgrade your characters. 

What makes KangaMoon one of the best altcoins is its community-driven focus. For example, KangaMoon now gives its most active community members free KANG tokens. Thus, over 20,000 registered community members are now rushing to like/share/comment on KangaMoon’s social media posts. 

Currently, this altcoin is worth $0.0196 in Stage 5 of its presale - a 290% jump from its starting price of $0.005. Over 6,000 people are now KANG holders and demand is high. Experts forecast a potential rise to $1 once a Tier-1 CEX lists KANG in Q2 of 2024. This makes KANG one of the top altcoins at the moment. 

What Makes KangaMoon Stand Out From Ripple and Solana?

KangaMoon’s market cap is only $19.6M, which differs from Ripple and Solana. This means there could be a rapid increase in price if the new fund inflow is relatively small. With this advantage, KANG could dominate the altcoin space. If you want one of the top altcoins, sign up for its presale and get a 10% bonus on each purchase. 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!


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