Prominent crypto analyst Rekt Capital has made some bullish Bitcoin Cash (BCH) statements. Meanwhile, KangaMoon (KANG) and Toncoin (TON) are making waves in the altcoin sector. In fact, several analysts have pegged KANG, which is now in Phase 5 of its presale, as the next $1 altcoin in 2024. Let’s find out why.
Rekt Capital: Bitcoin Cash finds a new support
Recently, Bitcoin Cash (BCH) has been trading in the green. According to CoinMarketCap datathe Bitcoin Cash price rose from $406 to $545 in the last 30 days alone and its market capitalization rose from $8 billion to $10.76 billion. Crypto analyst Rekt Capital declares that this altcoin successfully retested its macro downtrend and turned it into a new support level.
The technical analysis of Bitcoin Cash crypto also paints a bullish picture. For example, 19 technical indicators are green for this altcoin as it trades above its 100 and 200-day EMAs. Therefore, experts made a bullish Bitcoin Cash price prediction. They foresee BCH’s value reaching $620 within the second quarter of 2024.
KangaMoon (KANG): Up 290%
KangaMoon (KANG) is a altcoin in its pre-sale which has already provided early buyers with a 290% ROI. It currently boasts over 20,000 community members in addition to 5,800 token holders. The ongoing presale alone has raised more than $4.9 million, with a possibility of reaching $6 million by the end of April 2024, placing KangaMoon favorably in the market.
What makes it even more attractive is that buyers are eagerly awaiting the launch of its Play-to-Earn (P2E) game, in which KANG tokens will be used as the main in-game currency. This altcoin will be used to buy items and encourage characters, while also giving holders exclusive challenges that can earn them extra tokens.
Furthermore, KangaMoon shows commitment to having the most active community by giving away free KANG before its official launch to the most active. As a result, countless individuals now share or like KangaMoon’s social media content.
At $0.0196 per KANG during Phase 5 of its presale, this altcoin has grown 290% from its initial price of $0.005. Market analysts predict a $1 price point for KANG once it is listed on Tier-1 CEX in Q2 2024. This trajectory places it among the top altcoinsgiven that the P2E gaming sector is expected to grow to $885M by 2028.
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QW remains bullish on Toncoin (TON)
Meanwhile, Toncoin (TON) also got some attention in the altcoin space. For example, the Toncoin price increased from $3.69 to $7.06 in the past month alone and its market capitalization also increased from $12.56 billion to $24.51 billion. Crypto analyst QW claims that Telegram is the most interesting ecosystem right now, with tons of resources pouring into it.
From a technical analysis perspective, this bullish trend for the Toncoin crypto can continue. Especially this one altcoin trades above its 50- and 100-day EMAs while boasting 24 technical indicators in the buy zone. Market analysts therefore foresee a rise to $3.39 before Q2 of 2024 in their Toncoin price predictions.
Can KangaMoon Leave Bitcoin Cash and Toncoin in the Dust?
With a market cap of $19.6 million, KangaMoon can easily overshadow Bitcoin Cash and Toncoin. In other words, KANG needs much less new funds to raise its price. Given that traders are looking for altcoins with potential, KangaMoon can stand out in this sector. If you are interested, sign up using the links below and get a 10% bonus on every purchase.
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