Crypto Experts discuss cryptos to buy during the Year of the dragon.
The year of the dragon is a significant event that shows an alignment with the dragon element. 2024 is the year of the dragon based on Asian horoscopes, and crypto experts believe some cryptos are poised for remarkable growth during this event. After a careful analysis of the market, some analysts have picked thebest cryptos that will boom during this period. Some of them include KangaMoon (KANG), Uniswap (UNI), and Stacks (STX). Read below for more details.
KangaMoon (KANG) Raises $5M in Presale to Hit $5.5M Soon
Although Uniswap (UNI) and Stacks (STX) are considered among thebest cryptocurrencies to invest in the crypto market, KangaMoon is regarded as the hottest meme coin of 2024. The project has attracted many investors who see the huge potential it has and tip it as one of thebest cryptos to buy in the year of the dragon. The team has already raised $5M and could reach $5.5 million in a few days.
When the KangaMoon project launches, it will integrate play-to-earn and social-fi features to build a vibrant community for meme enthusiasts. The KangaMoon ecosystem already has over 20,000 community members and over 6,000 token holders. Meanwhile, KangaMoon members are rewarded with KANG tokens when they join to promote the project on social media.
The $KANG token price, which opened at a floor price of $0.0050 in stage 1, is now sold for $0.0196 in the ongoing stage 5 of the presale. That means early buyers now have a 290% ROI. Meanwhile, an additional 10% bonus is given to buyers, making now the best time to buy the top crypto coin. Top analysts have projected a 700% rally before the end of the presale.
The Team has announced plans to list the token in major Tier 1 exchanges in Q2, which could trigger more rallies for the token. As such, the KANG price might hit $0.5 in Q2. At the current trajectory, KANG might outshine other popular meme coins like Dogecoin and Dogwifhat in Q2. As such, KANG is one of thebest cryptos to buy for investors looking to triple their income in 2024.
Uniswap (UNI) Price Slumps by 39% as Trading Volume Plummets
The Uniswap (UNI) price is heading upward after battling the bear trend for days. As perCoinMarketCap data, theUniswap price declined by 39% in the past month and 35% in the past week as the market battles the bear trend.
Meanwhile, Uniswap's key market indicators, such as trading volume, are on a downtrend. With the ongoing case with the Securities and Exchange Commission, which some analysts project will linger for months, the chances of a rally in the coming weeks is slim. Even at that, analysts project a massive rally for the token in the coming months.
Stacks (STX) Declined 24% in the Past Week; Will it Overcome The Bears?
Stacks (STX) are among the tokens affected by the ongoing market downtrend. According to data fromCoinMarketCap, theStacks price has declined by 25% in the past week. However, the token has gained 200% in the year to date price metrics.
Added to Stack's problem are the key market indicators. Stacks' trading volume and market cap are declining, which could lead to more drops in price. However, Stacks is resilient and has maintained the $2.5 support zone. Some analysts believe the coin will bounce back soon. As such, Stacks' price might reach $5 before the end of Q2.
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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