Cardano

Pepe

Read

Shiba Inu

Avalanche

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As Cardano (ADA) faces skepticism over its previously optimistic forecasts, KangaMoon (KANG) emerges as a strong contender in the memecoin space, drawing significant attention during its presale event.
Cardano (ADA), favored for its scientific approach to development, now finds its once optimistic price predictions challenged. Amid this uncertainty, a new contender, <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">KangaMoon</a> (KANG), is predicted to dominate the memecoin space after the ongoing presale event.&nbsp;
You might also like: <a href="https://crypto.news/shiba-inu-and-floki-prices-retrace-kangamoon-soars-past-2-3m/" rel="noopener noreferrer nofollow"> Shiba Inu and Floki prices retrace, KangaMoon soars past $2.3m </a>
<h2 class="wp-block-heading has-medium-font-size" id="cardano-s-leap-towards-full-decentralization">Cardano’s leap towards full decentralization</h2>
Founded in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano is designed as a next-gen blockchain platform. Cardano is most known for using a scientific philosophy and peer-reviewed academic research to develop its technology.
This approach caused the Cardano approach to surge by more than 100x to $3.10 during the 2021 bull run. However, the subsequent bear market caused the <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="noopener noreferrer nofollow">Cardano price to retrace to $0.18 in late 2023 as investors sold off the gains.</a>
The rollercoaster ride did not stop here. Cardano is now back above $0.78 after a near 100% gain since late January 2024. But with the market bullish again, what price can Cardano achieve as we enter Q2 2024?
You might also like: <a href="https://crypto.news/sol-eyes-200-near-aims-for-8-as-kangamoon-presale-excels/" rel="noopener noreferrer nofollow"> SOL eyes $200, NEAR aims for $8 as KangaMoon presale excels&nbsp; </a>
<h2 class="wp-block-heading has-medium-font-size" id="expectations-from-cardano-in-2024">Expectations from Cardano in 2024</h2>
Fundamentally speaking, Cardano could have a successful year ahead. The project’s major upgrade, “Voltaire,” is coming any month now. Voltaire will introduce governance voting for ADA holders, allowing them to vote on proposals and improvement protocols for the platform.
Cardano becoming a fully decentralized platform could give it a competitive advantage over other cryptocurrencies that still rely on centralized decision-making. It can only help when it comes to attracting institutional investors and adoption.
However, the cryptocurrency market thrives on attention, and Cardano is starting to fade into the background of the conversation. While Solana, Ethereum, and Avalanche have DEX trading volumes of around $2-3 billion per week, Cardano’s DEX volume was only <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">$74.9 million</a> last week.
Bullish analysts argue that the 2024 bull run will be a supercycle, with institutional adoption and increased mainstream acceptance driving prices higher than ever before. Cardano could reach $10 or more by the end of 2024 if this prediction holds.
On the other hand, some skeptics believe that only the best altcoins will surpass their previous all-time highs in the next bull cycle. Cardano needs a massive $90 billion market cap to surpass its all-time high, which will require more than an idea and a strong team.
You might also like: <a href="https://crypto.news/near-eth-see-new-developments-while-kangamoon-thrives/" rel="noopener noreferrer nofollow"> NEAR, ETH see new developments while KangaMoon thrives </a>
<h2 class="wp-block-heading has-medium-font-size" id="gaming-meets-meme-culture-in-kangamoon">Gaming meets meme culture in Kangamoon&nbsp;</h2>
KangaMoon is an upcoming P2E game that combines meme culture with gaming and financial opportunities. Players become Kangaroo characters who can earn KANG tokens and rare NFTs while playing games, completing challenges, and participating in community events.
KangaMoon’s ambition extends beyond just gaming. It aims to build a robust community and a self-sufficient economy. Community events, such as tournaments and collaborative challenges, play a significant role in fostering a sense of belonging in the Kangaverse.
The KangaMoon marketplace allows players to upgrade their Kangaroo character or cash out for cash or cryptocurrency. The KANG token is the primary currency within the game, and it can also be staked for a share of the ecosystem’s revenue.
KANG tokens can be purchased during the fourth presale phase for $0.014. While this current price represents 180% gains since the presale began last week, the KANG value is expected to keep rising in each subsequent phase leading up to the game’s launch. There is also a 10% bonus for those participating during the third phase.
With a unique concept, strong community focus, and potential to go viral in the memecoin space, KangaMoon is a project to watch. Experts are already predicting that KANG could be one of the top-performing memecoins this cycle.To learn more, visit the <a href="https://kangamoon.com/" target="_blank" rel="noopener noreferrer nofollow">Kangamoon website</a> or join their <a href="https://t.me/Kangamoonofficial" target="_blank" rel="noopener noreferrer nofollow">telegram community</a>.
Read more: <a href="https://crypto.news/spotlight-on-kangamoon-solana-pepe-as-march-witnesses-surge/" rel="noopener noreferrer nofollow"> Spotlight on KangaMoon, Solana, Pepe as March witnesses surge </a>
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Experts second guess ADA as KangaMoon stands out

目录

crypto.news

发布于 2024年3月25日的其他文章

ChainGPT & Polygon Labs Alliance Indicates MATIC Price Recover

Will DOGE Crash? A DOGE Price Analysis for Dogecoin Investors as $IBET posts 50% Gains

HashKey Leads as Licensed Custodian for Hong Kong Spot ETF Initiative

Indonesian Student’s NFT Success Leads to Meme Coin Venture

Solana Surges Past Major Resistance, Eyes New Peaks: Analyst's Forecast

Leveraging Bull Run Success: Why Savvy Crypto Whales Are Betting Big on This Crypto as Their Next...

订阅我们免费的电子期刊，获取每日最新加密领域动态！