As the cryptocurrency market recovers, BNB and Arbitrum outperform, while KangaMoon approaches its $8 million presale objective, attracting investor interest.
The cryptocurrency market is steadily regaining traction as more tokens join the bullish train. BNB and Arbitrum are two altcoins that have reached new highs in recent weeks, alerting investors to potential investment opportunities. Meanwhile, KangaMoon is getting closer to reaching its $8 million presale goal. With its unique features, KangaMoon is poised to be one of the most intriguing altcoins to watch in 2024.
KangaMoon token expected to reach $8 million in presale this week
With the market resurgence hurting BNB and Arbitrum, KangaMoon is also high on the wishlist of investors tracking its progress. KangaMoon has raised about $8 million in investment, demonstrating its standing as a leading altcoin. Aside from that, KangaMoon’s ecosystems have expanded to an astonishing 32,000 members with 10,000 active holders.
Many users are drawn to KangaMoon’s fascinating gaming activities and great rewards. The site allows users to compete in numerous gaming competitions, which reward them with a variety of in-game items. Even basic social likes and comments are rewarded with tokens from the 250 million tokens earmarked for in-game prizes.
KangaMoon has met ROI forecasts, with experts anticipating a 1000% increase in price profit. KANG is currently selling for $0.025 at the presale bonus stage. Exploring the platform staking dApp is a great approach to maximise your profits on KANG. This option allows users to stake their assets for a few days and get a growing APY reward that is proportional to the amount of days staked.
KangaMoon’s presale will end in this quarter, and exchanges such as Bitmart have expressed interest in listing the cryptocurrency. KangaMoon is widely regarded as one of the most promising cryptocurrencies, with official aggregator services such as CoinMarketCap and CoinGecko featuring the token for increased awareness. With the potential to become a prominent gaming platform, KangaMoon has a high probability of reaching $1 by 2024.
BNB token maintains stronghold; might sprint to $700
BNB made a strong impression in May, increasing from $556 to $629. The momentum has continued in June, with BNB up 7% as the token tries to close below $650. In the same spirit, BNB’s market capitalization is rapidly skyrocketing and may reach $100 billion in the next months.
According to technical analysis, BNB bulls are firmly in control, with the relative strength index (RSI) rising over the neutral level. In recent weeks, BNB has outpaced Ethereum and Bitcoin by rising above the 20-day EMA. With the bullish momentum expected to continue, BNB’s price could reach $700 in June.
The arbitrage price stabilises over $1
After a month of only roughly a 2% increase, the Arbitrum token has surpassed the $1 threshold. Despite the fact that the token has fallen in value over the last week, Arbitrum’s market capitalization remains greater than $3 billion. This recent surge has been linked to the Arbitrum ecosystem, which currently has the greatest percentage of layer 2 blockchains.
In terms of the market forecast, Arbitrum appears to be neutral, with important market indicators such as the Relative Strength Index (RSI) pointing to the downside. However, the coin is trading above the 200-day exponential moving average (EMA), allowing it the opportunity to capitalise on the optimistic sentiment in the coming weeks.
To learn more about KangaMoon, go to their website and join the Telegram community.
