Exploring KangaMoon’s potential as Ripple and Fantom rally

Amid market volatility, tokens like Ripple, Fantom, and the new memecoin KangaMoon showcase potential for significant gains.

The altcoin market is known for its numerous twists and turns owing to its volatile and unpredictable nature. However, this volatility can give way for tokens to break out and rally at any given point. Tokens like Ripple (XRP) and Fantom (FTM) have been exhibiting bullish trends after recording yearly highs.

The successes of these tokens have spurred enthusiasm amongst traders and crypto enthusiasts following the emergence of KangaMoon (KANG), a new memecoin project that is set to change the course of the memecoin market. With its success so far, questions have been raised concerning the future performance of the native KANG token.

Ripple open-source blockchain continues to draw attention

With its open-source blockchain, Ripple facilitates and oversees the seamless transactions and exchange of fiat and cryptocurrencies. While its amazing features are one for the books, the native Ripple token’s performance in the broader cryptocurrency market in the last year is not exactly impressive, registering about a 10% increase year-to-date. 

However, this sizable increase all year round can be attributed to a recent setback in the last month where the XRP price dropped by about 18%. While the XRP token is on its way to recovery after going up by nearly 10% in the last week, it is currently trading within a weekly price range of $0.46 and $0.52. This resilience drive coupled with Its unique open-source network, has positioned it among the top altcoins to buy in the market.

Fantom continues to rally after 68% yearly surge

After recording a 68% rise in the last year, Fantom has drawn the attention of crypto traders and analysts worldwide. Although dropping in the last month by a significant 34% following the bull run, the token is currently on its way to a resurgence, with a surge of over 3% in the last 7 days. 

Aside from this, FTM has recently witnessed a significant increase in its trading volume and market cap, a testament to its continuous resilience in the altcoin market. Currently trading at a weekly price range between $0.708 and $0.791, Fantom price is slowly but steadily seeing recovery.

KangaMoon set to reach unprecedented heights 

The emergence of KangaMoon into the altcoin market has been met with delight and enthusiasm. The unique features and impressive use case has spread across the market, with crypto traders and enthusiasts vying for a place on the token’s network. In its fifth and last presale stage, KangaMoon has recorded immense presale results, making it one of the leading altcoins.

Dubbed “Kangaverse,” KangaMoon’s immersive ecosystem incorporates elements of both SocialFi and GameFi’s Play-to-Earn. As such, users can indulge in battle-themed gaming activities and periodical challenges and earn in the process.  While winners are rewarded in KANG tokens and other valuable in-game collectibles, they can trade all within a dedicated marketplace for real-world value. 

Meanwhile, users can also earn free KANG tokens ahead of the project’s official launch by engaging and commenting on promotional posts shared on social media platforms. In the current presale stage, the native KANG token has surged from an initial price of $0.005 to $0.0196, resulting in a 290% profit margin for early buyers. This surge in KANG price has helped the project raise over $6m, with the aim to reach $7m by the end of the presale. 

Just recently, KangaMoon announced a partnership with RaidShark, an engagement bot, purposely designed to accelerate user engagement and participation on its platform. This further highlights KangaMoon’s aim to foster a flourishing community, which currently boasts about 20,000 registered members and 6,000 token holders. With KangaMoon’s current upward trajectory, analysts are touting the token to outpace the likes of Shiba Inu and Dogecoin in the altcoin market.

To learn more, visit the official Kangamoon website or follow the project via Telegram.