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The Ripple (XRP) CEO recently said that the crypto market value is on track to reach $5T. This has made traders scramble to get into the crypto market. Two altcoins have captured the spotlight in this space – Polkadot (DOT) and KangaMoon (KANG). While you may be familiar with DOT, KANG is a Stage 5 presale star that may surge by 50x in 2024.
Ripple (XRP) CEO: Crypto Market To Double in Size
The CEO of Ripple (XRP), Brad Garlinghouse, predicted that the cryptocurrency market's cap could exceed $5T before the end of this year. In an interview with CNBC, the Ripple CEO cited macroeconomic factors such as the first US Bitcoin spot ETF and the upcoming BTC halving event as reasons for this growth.
The Ripple crypto value has fluctuated between $0.62 and $0.60 in the past 30 days alone. Its market cap fell from $34.10B to $33.40B during that time. However, the technical analysis for Ripple paints a bullish picture. For instance, there are 25 green technical indicators for this altcoin. Due to all this bullish Ripple news, analysts foresee a growth to $0.87 within Q2 of 2024.
Polkadot (DOT): Active Addresses Reach 600K a New Record
Meanwhile, Polkadot (DOT) is another altcoin that has been making headlines. In other words, Polkadot recently announced that its activity continues rising. For example, there are now over 600,000 on-chain active addresses on the Polkadot blockchain.
This Polkadot news may trigger a rally for this crypto, which has grown in value from $6.21 to $9 over the past 12 months. Its market cap surged from $7.30B to $12.68B in that period. Additionally, the Polkadot crypto trades above its 50 and 100-day EMAs. As a result, experts in the crypto field predict DOT will hit $12.84 before Q2 of 2024 ends.
KangaMoon (KANG): To Top the Best Altcoin List
Amid Ripple and Polkadot gaining traction, KangaMoon (KANG) has emerged as one of the best altcoins to buy. This rising presale star has already raised over $4.4M, and projections hint at a growth to $5M before April 2024 ends. Not only that, it has already provided early buyers with a 290% ROIa stellar performance for a presale.
This altcoin's long-term growth potential is stellar since it will tap into the P2E gaming sector, which has been projected to reach $885M. KangaMoon is getting ready to introduce a P2E game where its native token, KANG, will be the main in-game currency. KANG holders will access weekly, monthly, or quarterly challenges and earn more tokens or in-game assets.
Another exciting aspect of KangaMoon is its community-driven focus. For instance, KangaMoon will give the most active community members free KANG before its launch. Therefore, over 20,000 registered community members now like and share KangaMoon's social media posts.
Currently, this altcoin costs just $0.0196 as it is in Stage 5 of its presalea big increase from its starting price of $0.005. If things keep on going up, analysts expect a 50x surge once KANG is listed on a Tier-1 CEX in Q2 of 2024. Due to all these reasons, KANG is one of the best altcoins to watch in 2024.
Will KangaMoon Surge Faster than Ripple and Polkadot?
KangaMoon can potentially surge ahead of other altcoins like Ripple and Polkadot. This is because KANG has a low market cap of $19.6M, which means it requires way less money for its price to increase. If you are interested in this altcoin, follow the links below and get a 10% bonus.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards.
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View source version on newsdirect.com: https://newsdirect.com/news/ripple-ceos-claims-crypto-market-will-explode-to-5t-polkadot-and-kangamoon-steal-the-show-741073619
Kangamoon
COMTEX_450588447/2655/2024-04-09T12:06:17
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Idea Scope Analytics journalist was involved in the writing and production of this article.