Markets
Market Rebounds as BNB, ARB Turn Bullish and KangaMoon Nears $8 Million in Presale
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As the crypto market rebounds, BNB and Arbitrum are showing strong performances while KangaMoon is nearing its $8 million pre-sale target, attracting investors’ attention.
The crypto market is gradually regaining strength as more tokens join the bull train. Some of the altcoins that have spiked in recent weeks are BNB and Arbitrum, with investors alerted to a possible investment. Meanwhile, KangaMoon is closing in on the $8 million pre-sale fund. Thanks to the project’s rare features, KangaMoon is poised to become the most promising altcoin to watch in 2024.
KangaMoon Token Expected to Reach $8 Million in Presale This Week
With the market rebound affecting BNB and Arbitrum, KangaMoon is also high on the wish list of investors monitoring its progress. In a significant milestone, KangaMoon completed funding of nearly $8 million, reflecting its status as a leading altcoin. Apart from this, KangaMoon has also grown its ecosystems to an impressive 32,000 members and 10,000 active holders.
Many users are attracted by KangaMoon’s exciting gaming activities and generous rewards. The platform allows users to participate in various gaming competitions, rewarding them with numerous in-game assets. Even common social likes and comments attract a gift of tokens from the 250 million tokens reserved for in-game rewards.
KangaMoon has met expectations in terms of ROI, with analysts forecasting a strong 1,000% rise in price profit. At the bonus stage of the presale, KANG is selling for $0.025. A great way to maximize profits on KANG is to explore the dApp staking platform. This option allows users to stake their assets for a few days and earn an increasing APY reward, proportional to the number of days staked.
The KangaMoon pre-sale is coming to an end this quarter and exchanges like Bitmart have shown interest in listing the token. With official aggregator platforms like CoinMarketCap and CoinGecko also listing the token for more visibility, KangaMoon can easily be considered one of the most promising altcoins. With a chance to become a leading gaming platform, KangaMoon has a good chance of reaching $1 in 2024.
BNB token retains stronghold and could reach $700
BNB made a big impression in May, rising from a price of $556 to $629. The momentum continued into June, with BNB rising 7% as the token was expected to close down $650. In the same vein, the market capitalization of BNB is currently smashing it and could reach $100 billion in the coming months.
Based on technical analysis, BNB bulls are firmly in control with the Relative Strength Index (RSI) moving above the neutral line. Moving above the 20-day EMA, BNB has outperformed Ethereum and Bitcoin over the past few weeks. With the bullish momentum continuing, BNB price could reach $700 in June.
Arbitrage Price Stabilizes Above $1
After a month where the Arbitrum token only jumped around 2%, the token surpassed the $1 threshold. Although the token has declined over the past week, Arbitrum’s market cap still remains above $3 billion. This new increase has been attributed to the Arbitrum ecosystem which currently holds the largest share among layer 2 blockchains.
As for the market outlook, Arbitrum appears neutral, with key market indicators such as the Relative Strength Index (RSI) speaking to the bears. However, the token is trading above the 200-day exponential moving average (EMA), giving it a chance to benefit from the bullish sentiment in the coming weeks.
To learn more about KangaMoon, visit the website and join the Telegram community.
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