Markets
Market Rebounds as BNB, ARB Turn Bullish and KangaMoon Approaches $8 Million Presale
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As the cryptocurrency market recovers, BNB and Arbitrum show strong performance as KangaMoon approaches its $8 million presale target, attracting investors’ attention.
The cryptocurrency market is gradually regaining strength as more and more tokens join the bull train. Some of the altcoins that have peaked in recent weeks are BNB and Arbitrum with investors alerted for possible investments. Meanwhile, KangaMoon is nearing its $8 million pre-sale fund. Thanks to the project’s rare features, KangaMoon will definitely be the most promising altcoin to watch in 2024.
The KangaMoon token will reach $8 million in pre-sale this week
With the market rebound hitting BNB and Arbitrum, KangaMoon it’s also high on the wish list of investors who are tracking its progress. In a major milestone, KangaMoon has earned nearly $8 million in funding, reflecting its status as a flagship altcoin. Aside from this, KangaMoon has also expanded its ecosystems to an impressive 32,000 members and 10,000 active holders.
Many users are attracted by KangaMoon’s exciting gaming activities and its generous rewards. The platform allows users to participate in various gaming competitions, rewarding them with numerous gaming resources. The most common social likes and comments also attract a gift of tokens from the 250 million tokens reserved for in-game prizes.
KangaMoon has met expectations in terms of ROI, with analysts predicting a big 1000% jump in price profit. In the bonus phase of the presale, KANG sells at $0.025. A great way to maximize your profit on KANG is to explore the platform’s staking dApp. This option allows users to stake their assets for a few days and earn an increasing APY reward commensurate with the number of days of staking.
The KangaMoon pre-sale is coming to an end this quarter, and exchanges like Bitmart have expressed interest in listing the token. With official aggregator platforms like CoinMarketCap and CoinGecko listing the token for greater visibility, KangaMoon can easily be seen as one of the most promising altcoins. With the possibility of becoming a leading gaming platform, KangaMoon has a good chance of reaching $1 in 2024.
The BNB token maintains its stronghold and could run up to $700
BNB made a big impression in May, rising from a price value of $556 to $629. The momentum continued into June with BNB up 7% while the token appears to close down $650. Likewise, BNB’s market capitalization is currently crushing it and could reach $100 billion in the coming months.
From technical analysis, BNB bulls are firmly in control with the Relative Strength Index (RSI) moving above the neutral line. With a move above the 20-day EMA, BNB has outperformed Ethereum and Bitcoin in recent weeks. With the bullish momentum set to continue, BNB price could reach $700 in June.
Arbitrum price stabilizes above $1
After a month in which the Arbitrum token jumped only about 2%, the token has crossed the $1 mark. Although the token has declined over the past week, Arbitrum’s market cap still remains above 3 billion of dollars. 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 to be 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 gain bullish sentiment in the coming weeks.
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