Cardano

2024

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Chainlink

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The crypto market started 2024 strongly. With experts bullish, investors are exploring Cardano (ADA), Chainlink (LINK), and KangaMoon (<a target="_blank" href="https://kangamoon.com" rel="noopener noreferrer nofollow">KANG</a>).
<h2 class="wp-block-heading" id="cardano-s-on-chain-activity-grows">Cardano’s on-chain activity grows</h2>
According to Cardano Blockchain Insights, the number of smart contracts&nbsp;<a target="_blank" href="https://lookerstudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_a6behjl6oc" rel="noopener noreferrer nofollow">deployed</a>&nbsp;rose from 6,296 to 18,670 in 2024.
&nbsp;A similar trend was observed with the Timelock script, which increased from 115,469 to 118,364.&nbsp;
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Despite the increase in network activity, ADA is down by 18% since the start of 2024.&nbsp;
Nonetheless, experts remain bullish on ADA.
<h2 class="wp-block-heading" id="will-chainlink-rally-in-2024">Will Chainlink rally in 2024?</h2>
Chainlink rose by almost 200% in 2023. Many experts say this will continue in 2024.&nbsp;
Only 14.87% of the total LINK supply is held on exchanges, the lowest since 2020.&nbsp;
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A crypto analyst notes that LINK has strong demand between $14.8 and $15.2.&nbsp;
Any retracement to this level might be the base for a rally to $20.
<h2 class="wp-block-heading" id="kangamoon-set-for-gains-in-2024">KangaMoon set for gains in 2024</h2>
<a target="_blank" href="https://kangamoon.com" rel="noopener noreferrer nofollow">KangaMoon</a>, a meme coin, might float higher in 2024.
The platform aims to become the leading meme coin by implementing a superior tokenomics model.&nbsp;
KangaMoon has 1 billion as a fixed supply.&nbsp;
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Additionally, the team has integrated a deflationary model.&nbsp;
KangaMoon plans to launch other exciting projects as the community grows, including a play-to-earn (P2E) game.&nbsp;
Experts back KANG to rally in 2024.
<h2 class="wp-block-heading" id="closing-thoughts">Closing thoughts</h2>
Investors are watching Cardano, Chainlink, and KangaMoon, expecting growth in 2024.&nbsp;
Read more: <a href="https://crypto.news/cardano-and-tron-bullish-kangamoon-bringing-utility-to-meme-coins/" rel="noopener noreferrer nofollow"> Cardano and Tron bullish, Kangamoon bringing utility to meme coins </a>
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Analysts monitoring Cardano, Chainlink, and KangaMoon for gains

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