As KangaMoon dominates the market and SOL falls, leading analysts favor XRP.

Amid the busy Bitcoin market, optimistic XRP forecasts and growing interest in KangaMoon contrast with Solana’s disappointing price drop.

With Bitcoin currently taking the market by storm, a prominent analyst’s recent XRP prediction has grabbed the headlines, suggesting that XRP could reach the $10 level. Likewise, another altcoin, KangaMoon (KANG), is gaining significant attention, attracting the attention of whales.

In fact, experts are placing high expectations on KANG, predicting that it could become the next $1 altcoin in 2024. On the other hand, Solana’s sudden price drop disappoints investors.

Armando Pantoja’s optimistic XRP price prediction

The price of XRP, which had been bullish, is experiencing a decline. According to CoinMarketCap data, the price of XRP fell from $0.61 to $0.50 in the past week alone. During the same period, market capitalization increased 2% to $27.39 billion. Additionally, XRP’s 24-hour trading volume is witnessing massive outflows of over 50%, reflecting low trading activity.

Amid all this bearish sentiment, cryptocurrency analysts Armando Pantoja is bullish on XRP.This suggests that the coin could soon be trading between $10-$20 levels. XRP technical analysis illustrates a bullish trend with 27 indicators flashing green. The XRP cryptocurrency is also trading above its 100-day and 200-day EMA. Therefore, experts have made optimistic price predictions for XRP and suggested that the price of XRP could reach $0.81 by 2024.

Solana price declines due to bear market effect

Meanwhile, Solana (SOL) has experienced significant price declines due to an overall weak market. Over the past 30 days, the price of Solana has fallen from $181 to $143, resulting in a whopping 20% ​​outflow. Likewise, 24-hour trading volume decreased by 43%, suggesting low trading activity on the network. In any case, the altcoin’s market capitalization rose 2% to about $63.83 billion, according to CoinMarketCap.

The sudden decline disappointed investors who had expected Solana’s price to rise ahead of the BTC halving event. The sudden drop in Solana’s price resulted in the liquidation of $36.55 million worth of traders’ long positions. Nonetheless, traders remain optimistic, viewing the current price drop as a good opportunity to buy the dip.

Kang family shows active pre-sale activity

KangaMoon is making headlines with a cumulative total of over $5 million in its fifth pre-sale phase. KangaMoon, a unique altcoin, plans to become the top altcoin of 2024 by breaking the $1 price once listed on Tier-1 cryptocurrency exchange platforms. KangaMoon is currently expected to hit $7 million by the end of April.

Unlike most memecoins, KangaMoon stands out in that it offers real utility. KangaMoon tokens will allow players to easily upgrade their game characters and purchase in-game assets in upcoming KangaMoon Play to Year games. The platform also plans to offer KANG holders a variety of weekly, monthly, and even quarterly challenges to help them earn more tokens.

The platform’s unique, community-driven approach is also great. With this approach, KangaMoon will ensure that its most active users can earn free KANG even before launch. With over 20,000 registered members, KangaMoon aims to ensure a high social media presence by rewarding members who post and share KangaMoon’s social media content.

The current price of KangaMoon is only $0.196, which is a significant increase compared to the previous price of $0.005. However, its linkage with the P2E gaming market, which is expected to reach $885 million by 2028, offers a better opportunity to grow by up to 50x.

conclusion

While the likes of XRP and Solana may have an advantage over KangaMoon, this altcoin still has what it takes to be listed among the best altcoins of 2024. So, considering that early investors are already enjoying it, investors should take advantage and invest. 290% ROI.

To learn more about Kangamoon, visit their website or join their Telegram community.